Learn the secrets of buying new construction properties in Chicago.
This class is Module 36 of 46 in a series called Real Estate Investing Secrets.
Topics covered in this module include:
The pros and cons of investing in real estate with new construction propertiesWhat price of new construction should you focus on for investmentsDifferent builders, different standards and how to deal with thatThe downsides of the builder contract for real estate investorsGetting ridiculously amazing deals on new construction propertiesThe risks of investing in new construction properties that are different than buying resale propertiesRisks associated with financing new construction and how to mitigate themThe math and benefits of upgrading to an extra bedroom when buying new constructionBuilders to refuse to sell to investors and what to do in those situationsHow builder pricing works and taking advantage of it as an investorMetro taxing districts and how to account for themNon-potable water on new construction propertiesWhy to be wary of builder’s repsUsing a real estate agent or broker to buy new constructionThe considerations of choosing a lot when buying new constructionThe math revealed: rolling in premium-priced builder extras or buying extras at a discount post-closingThe imperfections of dealing with fences when buying new constructionCustomizing new construction properties when investingRadon on new construction propertiesSewer lines and sewer scopes when buying new constructionGotcha! Inspecting new construction propertiesThe builder walkthrough and dealing with missed expectationsDealing with builders using your property as a model before you closeVisiting your property while under construction and avoiding having your contract terminatedThe PITA clause in builder’s contractsWhat to expect when walking through prior to closingBuilder warranties and extended warranties on new constructionDealing with unsatisfactory concrete on new constructionThe ideal vs reality when taking marketing photos of your property after closingBonus cash flow: assessing new construction propertiesCompetition and vacancy of new construction propertiesRenting new construction: an easier sale?Warning: builders cutting corners to save moneyThe myth and truth behind builder lawsuitsThe dangers and upside of new construction speculationUtilizing the new construction lease-option real estate investing strategyPlus much more...Check out the video and additional resources related to Secrets of New Construction.
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