It is not my intention to give all the answers in this book. My task is to talk about real estate from the standpoint of evaluating the effectiveness of investments. If reading this chapter makes you want to study the process of due diligence more thoroughly, I recommend the books of Vadim Shabalin, a professional lawyer-practitioner in the field of assessment and examination of documents for real estate OnlineCasinoItaliani.
In the 1990s, the Russian economy did not allow to attract bank loans for the construction of finished housing. And in the early 2000s, it was decided to adopt the Argentine1 experience of equity participation in financing the construction of apartment buildings.
The developer got the right to encourage investors to invest money not in a finished object, but in construction from the “excavation” stage. In fact, the first projects were financial pyramids, in which equity holders often faced the resale of the same share, expressed in an apartment of a certain area, twice.