The small builder's dilemma

Yes, some homeowners actually are THIS upside down in their mortgages.

At BuildSmart, every day, we see first-hand how small builders find it hard, if not impossible, to compete against distressed properties. By their nature, distressed properties have a way of creating a new low (floor) price for a neighbor. Since the sellers are now banks just trying to liquidate them, it doesn’t matter what people paid for the properties, they just want them gone. These sales are corrosive.

Small builders don’t have this luxury and instead need to sell their homes at a profit just to stay in business. Many of these builders have now left the market either permanently or temporarily.

Why start a new housing project and take all that risk if there is no guarantee  you can make a profit?

While there is obviously a lot of pain in the real estate industry, there are also a lot of opportunities for the buyer and small investor. These opportunities are primarily in undervalued or distressed properties.

Since many of these properties have either structural issues or cosmetic issues, this approach, which we call BuildSmart walks you through the process of and identifies these issues of improving distressed properties in order to come out on top in your investment.

More to come on this exciting topic...