Posted by chris (ny) on November 29, 2003 at 18:23:08:
i’ve been interested in the same exact thing. there is a ton of new
construction in my area and i am afraid that i am missing the
boat. what are they looking for as far as contracting the house in
the early stages of construction?
Hi, i need the gurus point of view on flippng new construction. Consider the following scenario:
I purchase the contract on a house that is being built. due to supply/demand imbalance i expect the house price to be higher than the contract price when it is all built and ready to be mortgaged. at that point if i am approached by someone who wants to purchase the house (in final stages of construction) for x% higher than what i paid for.
Any ideas of whats good, bad, what to whatchout for, etc, related with this setting. What if i want to do this many many times over? what if i want to do this many times in parallel?