Builders typically won't offer first phase or even early phase units in a new project to a real estate investor for fear that they may ultimately end up with too much investor concentration
Las Vegas, NV (PRWEB) August 15, 2006 –-
In an effort to hurdle real estate market challenges InvestmentRiches.com announces that it has partnered with builders in Florida and Colorado to offer exclusive incentives to real estate investment property buyers on early phases of pre-construction and new construction.
“Builders typically won't offer first phase or even early phase units in a new project to a real estate investor for fear that they may ultimately end up with too much investor concentration,” says Tim Miner, President and founder of InvestmentRiches.com. “We have partnered with a select group of prominent builders to give our Investment Riches Community members greater access to the early phase investment opportunities. Our builder partners are also offering our members superior incentives.” Incentives include up to 10% investor incentive, 24 month leasebacks, and higher than normal Realtor Co-op fees.
InvestmentRiches.com is the first online real estate investment community to be offered these exclusive deals. These opportunities allow InvestmentRiches.com members to take part in projects that were previously unavailable to investors. Tim Miner explains, “We sought out relationships with top tier builders in markets best positioned to deliver above average returns for our investors. Our builder partners aim to provide the same opportunities; investment grade properties in the most suitable markets.”
Joseph Minnis, representing one of Colorado’s luxury condominium and town home developers with his company, 5280 Capital Group, had this to say about the partnership, ”Investment Riches has provided us with a network of real estate professionals that will play a vital role in the development of future construction projects.” Mr. Minnis went on, ”Their comprehensive networking forum is already yielding relationships that will inevitably become invaluable to the future growth of our organization.”
Christina Nobbe, of WaldenPacific Property Trust, specializing in condo conversions in Florida commented, “The Investment Riches website enables me to feature the properties I sell to real estate investors nationwide, and connect happy realtors and investors.”
Tim Miner concluded by saying “We are very pleased with the builder partnerships we have developed so far and with the potential for new relationships to solidify our offering in the upcoming months. We are confident that these strategic partnerships with developers of such stature demonstrate our collective commitment to providing solid investment opportunities to our members despite this ever-changing investment climate.
“The best product at the best price; that’s all investing has ever been about.”
About Investment Riches
InvestmentRiches.com is the first online social network dedicated to real estate investing. Investment Riches affords investors the opportunity to more easily identify the trends in emerging markets across the country and maximize their returns by employing a more informed investment strategy. Through their online community and exclusive relationships within the field of real estate, InvestmentRiches.com continually pursues the latest trends, news and information on each of the top investment markets across the country. Investment Riches is the product of President and founder Tim Miner’s years of investment experience and his decade of service to the investor community as a mortgage banker.
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