Knowledge is wealth
Spec(ulative) building
One advantage I see with spec building over other real estate investing strategies is the lack of competition. It seems like when a good idea comes along like flipping, or rehabbing, or wholesaling, everyone and their brother get involved in that. This tends to drive the prices up and make the spread far less than what an investor would like to see. The other benefit is it seems much easier to find private money to use for building spec homes as opposed to flips. |
There are big profits and income with New Construction as an Owner Builder. At James Gosa Real Estate we have taught both men and women how to make big profits as an owner builder and launch a new career, most states do not require that you hold a general contractors license if you are building on a property that you own or control. Contact us for a free consultation and start learning the skills you need to make big profits as an Owner Builder.
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Rehabbing Properties
Every property you purchase is going to need some sort of rehabbing work done to bring it up to its most profitable value. The most common mistake among investors is over improving their property. The second most common is under improving it. Your rehab strategy depends on your exit strategy. Are you going to wholesale it? Keep it as a rental? Sell it? |
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