Avoiding The Money Pit: Advice For Buying New Construction

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This post was contributed by a community member. The views expressed here are the author’s own. Neighbor Posts 9 Tips to Protect Yourself in a Builder Contract to Purchase a New Construction Home

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Purchasing a new-construction home is different from buying a resale home. Here are some tips and items to keep in mind if you have a client interested in purchasing new construction.

Buying "new construction" is a bit different from buying a previously-owned home. For one, because there is no previous homeowner, you don’t have to deal with a seller’s emotional tie to the property, which typically influences the negotiating process.

LOOKING TO BUY A NEW HOME? HERE’S HOW TO AVOID A MONEY pit. aug 08, 2019.. But when it comes to investing your money into a real estate property, avoiding a money pit is crucial. Whether you are considering flipping a commercial building and make bank when you sell it or renting it for a.

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Kestenbaum had sought advice from Gerard before. “That really catapulted us forward into making a lot of money,” he says.

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Here’s a video from Dave Ramsey detailing the story of a millionaire who never had a large salary. The overview: Jason averaged around $70,000 a year while serving 31 years in the military, and has now built a $2 million net worth.

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