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by Chris Anderson
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"lifestyles.
With that body of knowledge above, you can make great preconstruction investments however most people want to overly complicate things. So let's look at a typical conversation after someone has been exposed to baby boomer investing.
Q: How do I make a good preconstruction investment with minimal risk?
A: Well, from above, it really is pretty simple. Find a place that the boomers want to live, then buy, and wait.
Q: But what if the price drops because of all the investing going on right now?
A: If you believe you truly have a place that boomers want, ignore it and ride it out. With that many boomers (demand) looking for so few properties (supply) in a few years, you will likely do just fine.
Q: So when will I see a good return on my preconstruction investment?
A: I don't know. Maybe this year, maybe 10 years depending on what you buy, market conditions, etc. From the baby boomer investing mentality, we just know that there is a large PROBABILITY that somebody is going to want that property badly within a 15 year window.
Q: But I don't want to wait that long. How can I get in and out in a couple of years or less?
A: Well this is a horse of a different color. So not only do you want to invest in the boomers but you want to time when they are coming. That is a little harder but still doable. Now what you are saying is that I buy now and once I buy, for some reason a lot of boomers start jumping at the chance to buy in. The only way I know this can happen is if for some reason, there is a lot of people suddenly going to become aware of your property. In this case, you are strongly relying on somebody's marketing to bring "eyeballs" to your preconstruction investment.
Q: Is there risk in this type of short |
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