Listen "Secrets of New Construction"
Episode Synopsis
Learn the secrets of buying new construction properties in Raleigh.
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 properties
What price of new construction should you focus on for investments
Different builders, different standards and how to deal with that
The downsides of the builder contract for real estate investors
Getting ridiculously amazing deals on new construction properties
The risks of investing in new construction properties that are different than buying resale properties
Risks associated with financing new construction and how to mitigate them
The math and benefits of upgrading to an extra bedroom when buying new construction
Builders to refuse to sell to investors and what to do in those situations
How builder pricing works and taking advantage of it as an investor
Metro taxing districts and how to account for them
Non-potable water on new construction properties
Why to be wary of builder’s reps
Using a real estate agent or broker to buy new construction
The considerations of choosing a lot when buying new construction
The math revealed: rolling in premium-priced builder extras or buying extras at a discount post-closing
The imperfections of dealing with fences when buying new construction
Customizing new construction properties when investing
Radon on new construction properties
Sewer lines and sewer scopes when buying new construction
Gotcha! Inspecting new construction properties
The builder walkthrough and dealing with missed expectations
Dealing with builders using your property as a model before you close
Visiting your property while under construction and avoiding having your contract terminated
The PITA clause in builder’s contracts
What to expect when walking through prior to closing
Builder warranties and extended warranties on new construction
Dealing with unsatisfactory concrete on new construction
The ideal vs reality when taking marketing photos of your property after closing
Bonus cash flow: assessing new construction properties
Competition and vacancy of new construction properties
Renting new construction: an easier sale?
Warning: builders cutting corners to save money
The myth and truth behind builder lawsuits
The dangers and upside of new construction speculation
Utilizing the new construction lease-option real estate investing strategy
Plus much more...
Check out the video and additional resources related to Secrets of New Construction.
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