Monday, May 18, 2009
Why we don't speculate - We Buy cashflow properties in the best neighborhoods of the strongest towns and we always buy undermarket value
Waiting in line to buy pre-construction when you don't know what the market value will be when the product gets built could be dangerous and expensive
Check out this article here
Buyers put $20,000 in deposit money to tie up property for $400,000. Today those same units are sold for $355,000.
That's a loss of $45,000. Scared investors try to walk away thinking that they will just lose their deposit are instead being sued by the developer for $75,000.
Do your due diligence, focus on the fundamentals...buy properties under today's market value and keep for cashflow.
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