IMPORTANT NOTE: This content is included with the Plus Membership
Buying New Houses as Investments and Nomads™
by Alicia Atkinson
How You Buy AC with New Construction
Have you considered buying new construction properties as an investment or as a Nomad™? There are pros and cons to buying new construction as investments.
In this class you'll learn:
The pros and cons of new construction
The interest rate risk of new construction
Avoiding bidding wars buying straight from the builder
Equity: walking into instant equity or negative equity
The annoyance of moving dates and deadlines
Giving yourself time to find tenants/tenant-buyers before closing and why this might not always be possible
The gotchas of appraisals on new construction
Freebies included with resale properties not included with new construction
Paying a premium for new construction (or... are you really paying a premium)
Data comparing new construction to resale in several NoCo cities
Where are the new construction properties?
A list of local builders and what we typically look for
Different builders, different standards
The nastiness of the builder contract and how to prepare yourself
A deep dive into the risks of construction
Casting light on the dark underbelly of preferred builder lenders
The cost of an extra bedroom and how to think about it (hint: it's probably not what you think)
Discriminating against the unprotected investor class
How builder pricing works
Metro taxing districts and how to convert them to math that investors can understand and appreciate
Non-potable water
Who that friendly builder-rep works for (hint: it's not you)
To use a real estate agent/broker or go it alone when buying new construction
Lot selection tips and tricks: sucky lots and amazing lots for the same price
Which "extras" are worth buying and which are sucker bets
An example and some math on buying AC from the builder
Radon - the killer gas you need to know about
Sewer scopes and the importance of knowing the path for your poop is clear
The inspections typically done with new construction and optional ones you can add (plus when we recommend adding them)
The highly variable and annoying nature of builder walk-throughs and what you should do about it
Letting the builder use your home as their model home as dozens of people trample through without your knowledge
Visiting the building site the right way
How to piss off a builder, have them cancel your contract and never sell to you again
Warranties, making claims, buying third party warranties and more
Cracking concrete and crumbling foundations?
Taking photos and marketing your property prior to you owning it
The secret tax benefit of new construction properties that boosts your cash flow
That new home smell and why it may be easier to rent new construction properties than resale properties
Builders cutting corners and saving money and the impact to investors
The myths and reality of builder lawsuits and to get you some (or better yet... how to avoid them)
The ridiculously dangerous new construction pure speculation play
Plus much, much more...
Duration: 2 hours and 16 minutes
Recorded: September 19, 2028
Instructor: James Orr
And, it is all covered by an unconditional 30-day money back guarantee... try it for 30 days and if you don't agree these are some of the best real estate investing training classes and tools you've ever seen, at any price... simply request a full, no-questions-asked refund.