Real Estate Investment Developments and Projects

It can be tricky to find the right Investment Property because chances are after you heard about a project it’s already to late to invest in it. Sure your buddy may have made a killing on a preconstruction project or development but the ship has already sailed. You need to find a similar project or development that is going to skyrocket in the same way. In this article I will teach you how to find these elusive pre construction investment developments and projects.  Although remember that this is a fast paced market and investments are first come, first serve.

First, contact a reputable investment brokerage and see what they have available.

Many brokers, like me, focus on preconstruction real estate.  With previous contact with these contractors different brokerages will be well informed from the developers on new projects they are planning. This is by far the easiest way to learn about preconstruction developments. Usually, by the time you hear of preconstruction developments or projects via the grapevine it’s too late.

Also remember to ask other investors online.

Many real estate investment forums exist online.  This is where you can go in and ask other investors what they think about a certain project or developments. You may learn that some developers are constantly changing the developments or projects. You may even learn that a management company is great at renting out your condo. Information, power, and the more people you can meet and talk about investing the better. In other words a key aspect of investment real estate is networking.

***Beware***
Some developers will sign into these forums and act like a fellow investor only to promote their own projects or developments. Don’t just take the word of one person and remember to do your due diligence.

Next, drive around the area you want to invest.

I know many investors don’t live by the area they are going to invest. It is a good idea if you can take a weekend and fly down to the area you plan to invest in. Let this be Orlando, Miami, Las Vegas, Ft. Lauderdale, Tampa, St. Petersburg and look for signs of new developments. For example if you fly down to Orlando and drive down Rt. 27 you will see dozens of new projects opening up. In this situation all you have to do is call the developer for more information on investing in this development. Often, I will just stop in a gas station and ask if they know of any new real estate developments opening up. You would be surprised how many times I hear, “there is one opening up right down the road.”

Narrow your search by sticking to key investment cities such as Orlando, Miami, Las Vegas, Ft. Lauderdale, Tampa, or Petersburg. Don’t waste your time by searching areas that are not going through a “boom”.  In contrast to this statement, anomalies still exist and any investment can be a boom.  The question is, do you want to take this risk?

If you ever have a question about a specific preconstruction project or development in this market, particularly the Florida and Las Vegas markets, feel free to contact YAERD at 1-877-923-7370.  I am here to give you my honest advice on any project in this market.

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