A MUST FOR ME:
I will no longer consider a developer who wants me to part wioth cash up front. Why should I take the risk that he may default?
There are plenty of finished properties I can buy, so I will no longer bother with developers who want money up front.
THIS IS IN MY EYES NOT A GOOD ATTITUDE. BECAUSE YOU WILL LOSE ALOT OF MONEY AND POTENTIAL. NO DEVELOPER/VERY FEW WILL ALLOW YOU TO BUILD WITH NO MONEY DOWN. BECAUSE IT SHOWS LITTLE OR ZERO COMMITMENT. WHY SHOULD YOU BENEFIT WITH NO INPUT!
IF IT IS SOLD 100% FINANCE, THE PRICES OF FINANCE ARE ALL ENCLOSED IN THE DEAL. EVERYONE NEEDS TO MAKE MONEY.
EASY TO GET INTO A DEVELOPMENT, EASY TO GET OUT, LOW RISK, LOW REWARD.
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