REAL Spec Home Profit Margin Shared!

If you are interested in spec home building, join 20+ year real estate pro, contractor, and spec home builder Mike Perry as he opens up the books and shows you real life numbers from a successful spec home business.

Video Summary :
-Mike talks about spec home profit margins, his spec home business, spec home investing, spec home loans, and spec home financing.
-Mike briefly covers an AIA (American Institute of Architects) speadsheet, his fundamental bulding estimation spreadsheet, and walks you through the different expenses of building a spec home.
-Finally, Mike shows you the final sale numbers.

00:00 Intro spec home business
01:15 AIA form that the spec home lender requires
04:51 A spreadsheet everyone can understand
11:55 Gross Profit on spec home
12:14 Closing costs
15:11 Giveaway!

[milzalino]

He gave more value in 1 video then most of these so called builders do in 10 videos!

[BuildNWA]

Great video! Thank you for putting out content like this. I am a young builder, I am a PM for a custom home builder and want to build specs one day and maybe get my real estate license. Really appreciate the content of this video!

[ucandiy]

The type of video I'm looking for to go to the next level, thanks

[BamaFishn]

Newly Licensed builder. We have to fill out the same forms. Do a video on subs insurance, GL, work comp have it or don’t, who is policing it that sort of thing. There is just two of us. A lot of the undocumented labor does not have the insurance like wc or even GL. We come from the remodel world with good experience. We have built one sold it and are about to start two more. Good video. The trades need more of this type of clarity. People that work with their hands are missing out too. There is a lot of money to be made in the next 12 years.

[axexli]

Beginning the process of my first private build. Thank you for the detailed video!

[comquattle]

Thanks so much Mike! Tons of good info

[mrose]

Extremely useful video and information. Really value seeing actual example. Thank you!

[stevenabrams]

Thanks for sharing the info. Looking forward to watching more of your videos.

[tylasch]

Thank you for taking the time to share this information!
Liked, and Subscribed

[SgtPence]

Great video! I'm a sub and always been amazed at how much goes into new construction!

[wackywarrior]

Exactly what I want to see! Hope to see some of your resources in the future.

[ernestogonzalez]

Great content! I can’t seem to find anyone else sharing this much information. Liked commented and subscribed 🤝🏼

[quiriantbonilla]

Great video, thanks for sharing your experience

[andrewbryant]

Wow, lots of great info. I will be emailing you for the spreadsheet. Thank you

[rickertpropertygroup]

Great video Sir!! The spreadsheet looks very useful. Thank you. - Mark Rickert

[robthehousehunter]

Great breakdown thanks for the share! I would love a copy of that builder template, I emailed you on your site. Thanks again for the transparency.

[tilligan]

Very generous my friend, Great info!!!!

[AndyBalllz]

Thanks for putting out good information

[snowpatrol]

Great video. Thank you for sharing your real numbers.

[danielsamson-nq]

Thanks for the video. Tring to get rolling on my first spec.