Complete Overview Of The Preconstruction Investment Process
Outlined below is the entire preconstruction investment process for buying NEW HOMES ONLY. If you are interested in buying a condo or other properties listed, please click here to learn more about each individual program.
PLEASE NOTE: Our loans include everything so there are NO PAYMENTS DURING CONSTRUCTION with $500 or less total down. Our loans are also available for any home you want to build.
- Step 1 - To start, you can contact us to learn more, or become pre-qualified online
- Step 2 - After a complete investment overview, you choose an area, a lot and a home model.
- Step 3 - We help you execute a purchase contract for your new home.
- Step 4 - You will then need to write a check for $500.00 for the appraisal.
What You Need To Qualify For This Preconstruction Opportunity
- Verified Assets. (6 months payments, + interest, taxes, & insurance)
- 620 Credit Score
- Valid Drivers License
- 24 month credit history of 2 accounts with activity within 12 months
- No more than two, 30 day late's reporting on credit report (to qualify for $5000 down)
- ALL judgments, or open collections in the last 24 months must be paid in full.
- Two years employment history in the same line of work.
- No bankruptcies or foreclosures within 36 months.
Newer construction homes are subjected to Florida’s newest stringent build codes which in turn favors our clients/buyers with a few advantages over buying older existing homes whether for investment or a residence.
The newer homes built in Florida qualify for lower insurance premiums as Insurance Carriers charge up to 50% LESS to write policies on these new construction homes being built under the current building codes which in turn saves the homebuyer/investor money on their monthly mortgage payment. This is very valuable information when marketing your home to potential buyers.
The builders we work with give our clients an unlimited warranty for construction for 1 year, carries all manufacturers’ warranties on the products used to build these homes, and the builder also provides a 1 year labor warranty for replacement of any manufacturers’ products.
By purchasing a new construction home the buyer/investor is at ease knowing that all of the major appliances including the HVAC system are new and are backed by the manufacturers’ warranties. New construction homes are being built with better materials that last longer and carry a warranty from the original manufacturer or supplier. This is important to buyers and more so to investors knowing that the chances for a “surprise out of pocket expense for repairs” will not plague them for quite some time.
PLEASE NOTE: You will not have payments during the construction phase. Once your preconstruction investment home or new home is approved and construction has started within 6 Months, you can market your home at anytime and cash in all your built up equity; or simply let it appreciate and/or rent the property.
You keep 100% of the equity - NO EQUITY SPLIT.
You are able to start marketing your property for sale at anytime during construction.
To Learn More About Our Programs, Please Click Here to Contact Us
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