Investment Question On A Downtown Condo
Hi there...I have my name on an interest list to buy a condo that has not been built yet. I have to fill out a prequalification sheet, which asks if I will be occupying the property or not. I want to buy the condo now at its current price and sell it in a year and a half when it is finally built, hoping to make my money on appreciation. The problem is that I feel like my honesty on the prequalification application will deter the builder from incliding me when my number is up on the interest list. What can I do? Is there any way around this? Thank you! 
Coming to you from the viewpoint of a developer. Developers/builders usually do not care what you plan to do with the condo. Pre-sales make it easier for the developer to fund the building.
Be sure to review your contracts in detail. The builder may require that you DO NOT compete with their sales office so you must 'close' on the property instead of assigning the contract for an investor profit.
Good Luck!
Eric & Rosa
[addsig]
classimg brings up a very good point. It's not unusual for builders to put restrictions on new construction buyers relating to reselling (or flipping) the unit during the time that the builder is still developing the property. This can also apply to restricting signage (which doesn't apply in your situation but would in a non-condo scenario). So check out the builder's sale agreement carefully.