If you’re looking to build new construction but don’t have the cash to do it, spec home financing may be able to help. Learn all about it here.
New construction is still doing well in the housing market. Experts report that this next year will be another amazing year for new construction sales. Many real estate investors are looking forward to another lucrative year because of it.
If you’ve always wondered about investing in new construction for either rental property or selling, this is your chance to do it. Not having the cash is not a problem. Spec home financing is all you need.
Spec means speculative. You are speculating a completed house when you’re done with the project. To finance that house, you can use this type of financing.
Since it can be hard to know how much you will need when building a house, lenders often loan a certain amount to get started. This cash is readily available to begin the project. As you go through the construction of the home, the construction costs may over exceed what you initially received, and we may need more to complete it. This can be done as long as it doesn’t go over the percentage you’ve been approved for of your asset’s value.
Spec home financing can make it possible for you to step into real estate investing successfully.
With financial help, you can fund new construction, which can then be sold for more than what you paid to build it. That’s how making money off this real estate investment works. If you spend $200,000 to build a house, and you sell it for $300,000, you end up with a profit of $100,000.
Some people walk away with their profit, while others roll it into another investment. It all depends on how much you truly want to make from real estate investing.
If you’ve ever wondered about making money in real estate, consider this option. Remember, you don’t need the cash in your hands right now. You can get that from the spec home financing. All you need to do is call us to start the process of getting one. It only takes a few minutes to provide the needed information and, in a day, you will find out if you’re approved.
Don’t let this investment opportunity pass you by. Isn’t it time to experience financial freedom?
Level 4 Funding LLC
Hard Money Lender
Hard Money Loans
Hard Money Loan
Arizona Tel: (623) 582-4444
Texas Tel: (512) 516-1177
Dennis Dahlberg Broker/RI/CEO
NMLS 1057378 | AZMB 0923961 | MLO 1057378
22601 N 19th Ave Suite 112 | Phoenix | AZ | 85027
111 Congress Ave | Austin | Texas | 78701
About the Author: Dennis has been working in the real estate industry in some capacity for the last 40 years. He purchased his first property when he was just 18 years old. He quickly learned about the amazing investment opportunities provided by trust deed investing and hard money loans. His desire to help others make money in real estate investing led him to specialize in alternative funding for real estate investors who may have trouble getting a traditional bank loan. Dennis is passionate about alternative funding sources and sharing his knowledge with others to help make their dreams come true. Dennis has been married to his wonderful wife for 43 years. They have 2 beautiful daughters 5 amazing grandchildren. Dennis has been an Arizona resident for the past 40 years.