Usually, builders need to organize pre-construction sales to get their units at least 20% sold on paper. For example, a 300 units condo project should have at least 60 people signed up. Then bank will look at this and approve the builder for construction loan. This is a required process for most builders. Builders love pre-construction flippers like your parents see you come home…, builders love you. But you do need to know the information when this builder start to pre-construction release. Timing and information is important.

Even today, in places like Chicago, there are couple of projects offering pre-construction sales, but since the market is bad, it makes no sense to join. You better spend time finding builder auction sales or simply hard-negotiate with builders on quick delivery houses, you often get 20-30% discount that way.

No, today is not a good time to flip at all. Today is a good time to learn the skill for future use.