How to profit from new approved subdivision buildouts
In my area there are 2 new subdivision under construction. Developer says we can put a refundable deposit down. Is it possible to profit this way? Any laws that would prohibit this activity? The town is in major growth mode with great schools. Price ranges from ~300k, so obviously just looking to sell at higher price with in a year of build out. It has potential to hit low ~400k due to schools and major pop. growth.