| Through our website the most common question | | | | OWN decision. They know that every little tidbit they |
| that we receive is "How do I get rapidly started in | | | | can learncan literally mean several 10's of thousands |
| preconstruction investing". Realistically, you only need | | | | of dollars intotheir own pockets. |
| to take three steps on your path from being a | | | | Practically, you need somebody to mentor you that |
| "beginner"preconstruction investor to one that is | | | | has "been tothe dance" many times before. If you |
| extremely savvy. | | | | know somebody in thatcategory, buy them lunch, |
| MECHANICS OF PRECONSTRUCTION INVESTING | | | | dinner, movie tickets, whatever andask if they would |
| Before you even begininvesting, you need a working | | | | look over your shoulder. If you know severalpeople in |
| knowledge of exactly what is meantby | | | | this category, better yet. Your lunch bills will bepricey |
| "preconstruction" investing, why has | | | | but your education gained will be priceless. |
| preconstructioninvesting generated returns in excess | | | | In addition, learning to think like a savvy |
| of 100% per year for manyinvestors, what is the | | | | preconstructioninvestor is the reason that we |
| terminology used in preconstruction realestate | | | | created our original home studycourse as well as our |
| investing, etc. The good news is this is your | | | | more complete live teleseminar course. |
| easieststep to take. | | | | Many people don't have someone to turn to other |
| As an example, in this stage you will learn terms | | | | than maybe thereal estate person bringing them the |
| likereservation, hard contract, assignment of contract, | | | | project. I personally findthat most real estate agents |
| letter ofcredit, to name a few. Even if you are new | | | | brokers are fantastic resources forinformation, |
| to investing, don'tlet that intimidate you. Whenever I | | | | however most do not analyze the investment like |
| teach a class on this topic,it only takes about 30 to | | | | Iwould. If you ever find yourself asking your agent |
| 60 minutes to get everybody up tospeed on this. | | | | orsalesperson if "they really think you should buy |
| So how do you learn the mechanics of being a | | | | this," thenthat is probably a good indication that you |
| preconstructionreal estate investor? My suggestion is | | | | are ill prepared. |
| to take advantage of thefree resources available on | | | | No matter how you accomplish it, learn to think like a |
| the internet. For example, at | | | | savvyinvestor for YOURSELF; it just is not that hard |
| we give a way a 30-page ebook | | | | to do. |
| aboutpreconstruction investing that will walk you | | | | GROWING YOUR PORTFOLIO |
| through this basicterminology and will give you some | | | | Once you think like a pro in Step 2, youwill have just |
| real world preconstructionreal estate project | | | | created a problem for yourself: you will probablyfind |
| examples. Also, if you conduct an internetsearch on | | | | that few preconstruction projects will fit your |
| "preconstruction" "preconstruction investing" | | | | objectives. |
| "preconstruction condo", etc., you will find tons of | | | | New investors tend to think this is like the stock |
| websiteswith this type of information readily available. | | | | market..... |
| Give yourselfan evening or two and you should be a | | | | When they are ready to invest, you should just be |
| master. Unfortunately,over 80% of new investors | | | | able to plunkdown your money and move forward. |
| stop after Step 1 and immediately wantto look for | | | | Realistically, in the stockmarket and the |
| "deals". In my opinion, this is a big mistakebecause | | | | preconstruction market, TRUE OPPORTUNITIES |
| they are lacking what separates the beginning | | | | appearwhen they are good and ready. When that |
| investorfrom the street-seasoned preconstruction | | | | occurs, and only at thattime, then the savvy investor |
| investor; themethodology to RAPIDLY pick "smart | | | | will pounce with lightning speed. |
| investments" | | | | Remember, for many people, a couple of good |
| FINDING PRECONSTRUCTION PROJECTS | | | | investments PER YEARis plenty and may then more |
| If you did an internet searchin Step 1 above, did you | | | | investment returns than they everdreamed possible. |
| notice how many real estate web sitesyou found | | | | While this may be hard to imagine right now, after |
| with preconstruction investments on them? If | | | | Step 2 youshould have a clear understanding of the |
| not,simply put in the term "Miami preconstruction" in | | | | type of investmentsthat you would consider. As an |
| any internetsearch engine and you will see the | | | | example, suppose you end upconcluding that you |
| number of results. Here is atest for you. From the | | | | really like condo/town home projects, not onthe |
| internet searches done above, can yourapidly look at | | | | beach, and in the southeast. In addition, you want |
| those projects and choose which ones might | | | | theseinvestments in some emerging markets but not |
| beworthy of further investigation? Most people | | | | necessarily thosethat have been explosive for a long |
| become overwhelmedat this point whereas most | | | | time. Great! Now startgetting on lists of brokers |
| savvy investors could sort throughmost of these in a | | | | developers that bring out thoseprojects. If you can |
| matter of minutes. | | | | work with a group of like minded people,all the better |
| Over the years, in both the stock and the real | | | | because you can share the workload and also |
| estate markets, Ihave had the opportunity to work | | | | haveadditional clout because of a higher potential |
| with some truly outstandinginvestors and I have also | | | | buying power thanjust one individual. |
| seen many, many beginners. When abeginner looks at | | | | I will caution you however that when you think like a |
| a preconstruction investment, they ask thereal | | | | savvyinvestor, you are going to want a lot more |
| estate person "How much will I likely make on | | | | information than istypically provided by these types |
| thisinvestment and should I buy it?" When an | | | | of sources. You will want atrue assessment of the |
| experienced investorlooks at the same investment, | | | | local market (other than "boy has thisbeen hot"), you |
| they first ask THEMSELVES "Is thisinvestment really | | | | will want a true assessment of the amount ofsimilar |
| low risk and if so, how much money is reallyat risk?" | | | | projects that have been or are going to be offered, |
| Then they ask THEMSELVES "How much money am | | | | andyou are going to want to know a lot about who |
| I likelyto make if this investment works?" In their | | | | is buying theseprojects and why. |
| mind, they aretrying to determine the amount of | | | | Because we like a lot of detail and because we know |
| reward, relative to the risk. | | | | we have tomove very quickly for good investments, |
| They know that the person marketing this project is | | | | we have always found itbetter to operate as a |
| UNLIKELY tothink this way but they know how to | | | | group, rather than one lone person tryingto sort this |
| ask the right questions toquickly decide if this project | | | | out after work. In addition, we have found that |
| has an acceptable reward-to-riskratio for | | | | bypooling together the buying power of a group we |
| THEMSELVES. | | | | can get muchbetter access to really good |
| If you are reasonably new to investing, or have | | | | investments. |
| always countedon others to make investment | | | | It is for these reasons that we at |
| decisions for you, how do youperform Step 2? | | | | GetPreConstructionDeals.comhave created our |
| Simple. You must learn how a savvy investorthinks, | | | | "Mastermind Group." I hope this has given youan |
| how they calculate risk, what back-up plans they | | | | understanding of the 3 steps needed to become a |
| have inplace in case the investment does not work, | | | | truepreconstruction investor. Some people will look at |
| how they calculatereward, etc. None of this is rocket | | | | this and saythat it is too hard, or too time consuming. |
| science or even difficult todo. If you're new to | | | | Yes it will takesome time and some effort. The |
| preconstruction investing and are trying todo all this | | | | question that I always ask themis then "How many |
| on your own, it can be a daunting task, however. | | | | hours in your regular job would it take you tomake |
| Ifind that truly savvy investors are always talking to | | | | some of the large $75,000+ returns that |
| others,getting their opinions, learning anything they | | | | somepreconstruction investors are making? |
| can to make THEIR | | | | |