One thing investors NEVER consider when buying presales…
Did you know that if the market changes prior to your completion, the bank might appraise the property LOWER than what you bought it for?
This means you’ll be on the HOOK for the difference, in cash!
This is why it is so important to not only buy presales for “hype”, but to have a solid STRATEGY in mind and to consider all the possible scenarios that can happen during completion.
Listen now on "The Real Estate Investment Hub" podcast! Available on all major podcast platforms!