Learn the secrets of buying new construction properties in Elgin.

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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