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| eagertolearn |
 Posted: Tue Feb 22, 2005 9:55 am Post subject: Buying at pre-construction prices. |
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Investing Sr. Associate
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From what I understand, this is becoming popular in Florida. People buy into these gated communities at "pre-construction" prices and then immediately sell the homes upon completion due to the rapid rise in value. Seems to be the newest type of "investing" in Florida.
Has anyone done this - and if so, did it work out well for you? |
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| mrsboz |
| Posted: Tue Feb 22, 2005 10:18 am Post subject: |
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Investing Sr. Associate
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| Sounds like an awesome idea to get in early and make some quick cash. |
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| paula0000 |
| Posted: Tue Feb 22, 2005 4:05 pm Post subject: |
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Investing Manager
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| It does sound great. I've heard of people doing that here as well. If everything works out- it's great. If the real eestate market goes way down before the home is competed- well, I guess that's the risk. |
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| trixiezzz |
| Posted: Tue Feb 22, 2005 6:49 pm Post subject: |
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Investing Manager
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| I've heard of people around my area doing the same thing. Buying and then "flipping" their houses. I've never understood why the houses go up in value so quickly after being built. Can anyone explain? |
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| jeepgirl30 |
| Posted: Wed Feb 23, 2005 5:48 am Post subject: |
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Investing Sr. Associate
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| Can't explain but i've seen it. we were looking at building and they had one already done they were selling. I looked at the guy and said "why would we buy this one when we can build it for less ourselves?" he just laughed and said most people don't do the calculations! |
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| ladyelle |
| Posted: Wed Feb 23, 2005 9:25 am Post subject: |
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Investing Associate
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| We built a home in a new subdivision and were one of the first buyers to sign a deal with the builder. By the time our house was done, the base price had already gone up 15%. |
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