Pre-Construction: How to Make Money in Real Estate Without Doing the Scrunch Work

Jeanette Joy Fisher
 


Visitors: 1,506

If you don't have the time to invest working on fixers or if you're tired of working on fixers to make money investing in real estate, try this method.

Many real estate investors make thousands of dollars on brand new homes with little work. To test this money-making system in your area, call new development home sales offices that have most homes sold. Ask about their price for a 3 bedroom, 2 bath. Ask how much this model has gone up since they were first available. If this increase is a substantial amount, then this real estate investing system most likely works in your area.

One caution: your real estate market and employment in the area should be stable.

How to do the “new home" or “pre-construction" investing system:

1. Look for a new development with only a sales office trailer and pre-construction site.

2. Pick out the model you like and the lot you want. Get a corner lot inside the tract away from noisy streets. Avoid lots that could back up to a major street someday.

3. Secure the purchase of the home with a deposit.

4. After completion of home and purchase, the home should have appreciated.

5. Landscape using Design Psychology. Use colorful flowers that attract buyer's eye to the front door. Provide a separate walkway to the front door so buyers don't have to walk around parked cars.

6. Sell with Marketing Psychology. Stage the home with a few props like lamps, plants, and mirrors. Turn on all the lights.

7. Monitor your sales process and keep the sale on track. Be sure your buyer follows through with the steps needed to close on time.

8. Go to the bank and celebrate!

My friend made $50,000 on a $300,000 home with only $2,000 out of pocket. My son's co-worker made $100,000 on an Orange County house, with $20,000 invested for only three months.

Have fun, and make money, without the scrunch work!

Copyright © 2004 Jeanette J. Fisher. All rights reserved.

Jeanette Fisher teaches beginning real estate investors how to find, finance, fix, stage and sell houses. The difference between Jeanette and other real estate investors: interior design secrets. Free ebook “The Truth about Making Money Flipping Houses" at http://www.doghousetodollhousefordollars.com

(395)

Article Source:


 
Rate this Article: 
 
Pre foreclosures Versus Foreclosures The Advantages of Being a Pre Real Estate ..
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

The Growth of Miami Pre-Construction Real Estate

by: Jron C. Magcale (July 20, 2008) 
(Real Estate)

Pre Construction Investment Real Estate - Pros and Cons

by: Mark Goldberg (October 25, 2005) 
(Investing)

Thinking Business With Miami Pre-Construction Real Estate

by: Jron C. Magcale (July 10, 2008) 
(Real Estate)

How to Make the Real Estate Market Work For You and Get The Most Money

by: Dean Minton (September 01, 2004) 
(Real Estate)

Why Pre-Foreclosures Make a Great Real Estate Flip

by: Tracy L. Caywood (September 10, 2008) 
(Real Estate/Foreclosures)

Real Estate Loans - Pre-Qualification, Pre-Approval, and Letters of Commitment

by: Don Peirce (June 27, 2007) 
(Finance/Mortgage Refinance)

Filling Out A Hard Money Lender Form Can Pre-Qualify You For A Quick and ..

by: James Whitmore (February 19, 2008) 
(Investing)

Work at home “jobs” don’t WORK. Make REAL money a REAL way!

by: Ivo San (April 28, 2009) 
(Business/Marketing)

Make Money Real Estate Anyone Can Be A Real Estate Investor

by: Andy Pang (July 11, 2008) 
(Investing)

Pre foreclosures Versus Foreclosures The Advantages of Being a Pre Real Estate ..

by: Doug E Smith (July 29, 2008) 
(Real Estate/Foreclosures)