Up and coming Developments I could get into early?

Did you mean to post this in 2006?

New developments are not up and coming ... they're down and out.

The best way to accomplish this is to hire an attorney who specializes in real estate and reviews/writes offering plans for new developments. They see things way in advance of anyone else, and can cue you as to when something is in motion that might be of interest to you. This is how I always did this in the past and I found it to be the most successful methodology.

I can see why your dad waited till he was dead to give you some money. Oh Lordy, if I have spawned a financial ninnny, how will I hold my ttongue at the dinner table.

So hire twenty attorneys in the hopes of scoring a 10% discount. FLMAOzzzzz. Thatz special.

w67th:

1.) speaking of spawning financial ninnies and children disappointing their Daddy financially, isn't that actually your true life story? I can also see why your Dad will wait till he is dead to give you some money. If he gives you any at all.

2.) As to my suggestion regarding hiring an attorney, it had nothing at all to do with a discount, you nit. It has to do with access. In my case, I was always looking for top floor units with fireplaces and terraces. Since they're a rarer commodity and would be in greater demand, the lawyer I used always kept an eye out for on my behalf for such units in all the offering plans he worked on, and I always got the first early calls as floor plans were being released. I never had to pay my lawyer anything extra, because every time I bought a unit he was my attorney on the deal anyway. And that IS special.

Say 'hi' to your Daddy at that real estate firm he fired you from for all of us here on streeteasy....

By the Fking way. Op asked about discount. Unethical for a lawyer to get other clients into deal unless specifically asked by developer. And bt Fking way again, any developer not selling to immediate family/friends, id run the other way. Always ask, 'why you getting such a hot deal'.

w67th

1.) ?

2.) Seriously - why unethical? I mean, if the lawyer says to the developer "hey, I've got a client/friend/investor interested in a place like this." Wouldn't the developer be happy about that fact? What conflict of interest am I missing? Is there an actual legal issue(s) to consider?

Client confidentiality?

Did you mean to post this in 2006?

hahahaha

Might I remind all of you that every day new fish enter the shark tank with the hope of eventually growing a dorsal fin. It's a reasonable newbie question.

wotan,
Welcome to SE. NYC residential RE is now more similar to filene's basement than back in 2006 where it was more Harry Winston. You don't need to beat the curve, you need to start digging through the piles of dreck in the hopes of id'ing a prize. You wont need that much help either. Stay on the board and ignore the lose guns. Keep reading and ignore hiring professionals until you understand exactly what they could do for you. Actually, it's not like filene's, it's more like Syms...and educated consumer is the best customer.

There is only one way to learn. This isn't the first message board I've been active on and in my experience the anonymity of message board allows a small portion of their members to hang around, run their mouths off, and try and their non-existent weight around (people who have weight don't sit posting on a message board at 10AM.....) while the rest talk intelligently and share their knowledge.

Thank you for the welcome falcogold1 and matsonjones for the more intelligent comments - looks like I'm in it for the long hall. SE, Brownstoner, CurbedNY, and the NYT Real Estate sections have been great resources so far. Anything else I should know about?

P.S

He didn't wait until he died.... he waited until the bonds matured.