Still Smart to Build New Homes?

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Manage episode 232529524 series 2391819
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

Home sales slowed in the second half of 2018, so much so that new home builders in many areas had to offer price reductions and add-on incentives.

As you may know, Real Wealth Network partners with experienced developers to build out subdivisions nationwide. We have projects in Reno, Tampa, Park City, and Bozeman.

On today's show, we'll hear from 40-year veteran developer, Fred Bates, on how those projects are doing, and whether or not it's still a good time to build new homes.

Fred also acts as my advisor. Whenever another developer brings us a project, I first send it to Fred for review. 90% of the time, Fred gives the project a thumbs down because it's too risky, often because it's dependent on too much leverage with tight margins.

Let's find out what he looks for in a good deal. You can also meet Fred, along with five rental property providers from seven different markets at www.RealWealthShow.com

271 episodes available. A new episode about every 5 days averaging 23 mins duration .