Pre-construction condos

[Gregory Wesley]

I keep hearing about the pre-construction deals out there where buyers can make a down payment on a condo while in the pre-construction phase at a low price and then once construction's complete the condo can be sold at 25% - 35% above original purchase price. The Builder helps with marketing the property in some cases. Also the buyer never actually gets a loan unless of course the property can't be sold. Anyone done a deal like this? I'm a broker and I mainly work with investors and I've been approached by them asking about these deals. I'd like to find a solid deal to present to them.