The past decade has been a boon to real estate investors who participate in the fix and flip game. Unfortunately it is becoming more and more difficult to find, and be the winning bidder, of a good fix and flip property. As a result, investors are starting to look elsewhere for their next investment move. One option that is getting more attention is investing in spec houses. As with any real estate investment, there are pros and cons when it comes to spec houses. In this article I walk you through a few of each to help you determine if spec house investing is right for you.
- More upside potential
- Less competition
- Relatively quick return on investment
- Avoid common problems encountered with fix and flip properties
- Spec builders becoming more accustomed to seeking out private investment