Investing in PreConstruction Real Estate requires two main ingredients:
1.Ample Cash funds for reservation fees, down payments, closing costs and mortgage payments while marketing the property for the exit sale.
2.Ample Credit to qualify for a mortgage loan. (a minimum credit FICO score of 700 is required to participate)
Fortunately, one can still participate in PreConstruction Investment opportunities, even if they only possess Cash or Credit, but not both. No problem.One can partner-up to fulfill the missing piece of the success puzzle. Then once the profits are actually realized they are spilt up accordingly.This is a win-win proposition for both the novice and seasoned professional investor. This type of arrangement is quite logical for someone looking for above average returns on their investment dollars, leverage or limiting their risk exposure.
How does this work?For example, lets say a deal requires $20,000 in reservation fees, deposits, miscellaneous expenses and a loan. Investor #1 puts up $20,000 and investor #2 gets the mortgage loan using their credit.Then once the investment property is sold, the net profits are split according to the agreement made.
For those individuals seeking partners simply register with us using the form below.Perhaps we can assist.
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