Today I'm interviewing Michelle Farrugia, mortgage broker and host of the Cognitive Capital Podcast, about the details and potential pitfalls of investing in preconstruction homes, including a case study of a preconstruction speculator who planned on making a quick six-figure profit, but now may be facing a lawsuit and losses upwards of half a million dollars.
We also discuss the importance of understanding your investments, the appropriate use of leverage, and ways to improve the preconstruction buying process to reduce the potential for fraud.
Michelle’s original video:
https://www.tiktok.com/@mlfarrugia/video/7282461412608249093
Cognitive Capital:
Cognitive Capital Podcast on YouTube:
https://www.youtube.com/@Cognitive.Capital/
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Outro music by david blicher from Pixabay