2018-2019 has brought with it an era of economic stability and a growing stock market. Due to the favorable upward movement in the economy, more people are purchasing real estate. Individuals are chomping at the bit to get a hold of reasonable property that is priced much higher than real estate just a few years ago.
Many experts point that this increase in pricing is a sign of increased real estate demand in the presence of limited real estate opportunity. High demand and short supply, otherwise known as a housing shortage has led many to believe that spec homes and other types of building are the answer.
Spec homes come as a surprise to some who remember the Great Recession, a period where cheap foreclosed and short-sold properties were in great abundance. Grabbing a home, adding a coat of paint and a few quick fixes offered a great return margin for either flipping to sell or rent. The glamor of gaining a relatively quick buck made many of the TLC stars famous. However, today in 2019, flipping has become more difficult. Getting distressed homes from conventional post-recession is challenging. Margins have shrunk as a whole. On top of that, the sensationalism of TV’s get-rich-quick mentality has driven many novices to try their hand in the business.
Instead of flipping, spec homes offer greater returns for those steeped in construction experience. Those that know haw to organize the whole of the building process. With a growing housing market and a growing number of individuals selling homes from positive equity positions, there is an influx of individuals looking to move immediately into a new and reliable housing after selling their former properties. Spec homes are fulfilling this niche. Since spec homes are based off of a generic, reliable, and cost-effective plan, individuals itching to find a new home within a short amount of time tend to find spec homes to be secure, new, and reasonably priced answer to their market demands.
Tap into the Bull Market. Get spec home financing. With the help of your hard money broker at Level 4 Funding, you can get spec home financing and develop the properties in your area that are able to secure strong returns. Talk to your hard money broker today at Level 4 Funding and take advantage of the millions of dollars available to you in spec home financing.
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.