Although the preconstruction real estate investing option has been around for years, it just recently became mainstream and real estate investors all over the world are scouring the web for the best preconstruction real estate projects in areas where real estate prices are skyrocketing (Orlando, Miami, Las Vegas, Myrtle Beach, Ft. Lauderdale, etc). While the sudden increase in demand has influenced many legitimate developers to offer more projects and developments, it has also seen the emergence of many ill-prepared developers in the industry. Here are just a few ways you can properly screen your preconstruction real estate developer and make sure you are not signing with a fly-by-night developer:
1. Research Past Projects