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The Difference Between Spec and Custom Home Building
Manage episode 460997736 series 3549667
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Entrepreneur Jeremy Perkins explains the idea of "spec homes" and "custom homes." He describes his business structure, which includes rental houses, home building and storage. He explains the difference between "slow money" and "fast money" - he gets paid every week on some projects, which helps him maintain cashflow for slower paying, larger projects. He explains that he pays his contractors much more for his custom homes because of the quality of the work. If you dream of being a successful home builder, you would do well to learn from a master like Jeremy Perkins!
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