While we were in Trinity, Texas waiting for a radiator for our 1987 Ford Van to arrive by bus from Dallas, I was bored, so I started reading the ebooks I had downloaded and not read.
This free ebook was written by a firm that represents a group that invests in preconstruction real estate. It discusses preconstruction investing and the risks associated with buying investments like preconstruction condos.
While investing clubs are a way to mitigate any potential loss by spreading the risk over a group of individuals, recent market conditions are causing some investors to be unable to sell their preconstruction units.
The Texas coast is a hot real estate market. Yet, in Corpus Christi, Galveston and South Padre Island, you will find many condos for rent, by the day, week or month. Most of these vacation condos were built on speculation and usually, they were overbuilt, with the number of units far exceeding market need.
Take a look at the ebook, it is free and you may request more information by email. The website offers a group buying concept that can help to mitigate the risks and offer greater profit potential. By the way, if making money in real estate interests you, they are looking for investors.