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> OT:Pre-Construction Home "Investment" Program, sounds too good to be true in FL
Mueller
post May 12 2005, 06:54 PM
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A family friend has brought this to our attention...basicly it sounds like you buy a lot, the realtor finds a builder, house gets built, you sell the house and make $$$$

Investment Homes in Florida

Upon doing some searches, it seems this is only done in Florida???
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Carl
post May 12 2005, 08:45 PM
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Ummm ... what?
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It looks like a simple way for a developer to finance his project while someone else takes the risk on the land and the developer doesn't have to comply with loan covenants of a regulated financing company, i.e., a bank. I'd sure be careful of the financial strength of the developer and know for certain what was going to be built on the lot and the surrounding property.

Also, Mike, with the problems you've had with your Louisiana investment, why are you thinking of Florida? There is huge value in investing locally so you can watch what's going on.
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Mueller   OT:Pre-Construction Home "Investment" Program   May 12 2005, 06:54 PM
914rrr   Kinda like a "hot" stock tip. By the time most peo...   May 12 2005, 07:25 PM
Mueller     May 12 2005, 07:33 PM
kenporacer   I have friends that try this, mostly my builder fr...   May 12 2005, 08:34 PM
JerryP   Pre-construction can be a legit investment if, jus...   May 12 2005, 08:49 PM
neo914-6     May 12 2005, 10:04 PM
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