How much money do I need to invest in Pre-Construction Condominiums?

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Question: How much money do I need to invest in Pre-Construction Condominiums?

One of the greatest aspects of investing in pre-construction condominiums is that developers only require a total of 20% down until the condominium is completed.

To purchase a condominium at $300,000, your investment is just $60,000 (20%). For a condominium that is $350,000, your investment is $70,000 (and so forth).

From an investment stand point, it means that for every dollar that you put towards the condominium, the developer is putting in $4. It means that you essentially have an 80% interest free loan from the developer for the duration of construction.

Roy Bhandari