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Three Types of House Flippers by real estate expert Craig Summers

Posted by RCPAP on January 1, 1970
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Three Types of House Flippers by real estate expert Craig Summers A lot of property investors in go into that part of real estate to become what is known as a house flipper. In this position, they purchase real estate in with the goal in mind to immediately sell the property in so that they can turn a profit. In our conversation we will look at three different types of house flippers. Position #1 – The person that gathers the information This position is also known as the scout and the main idea is to get as much information about a possible transaction in and then sell that information to other investors. This is a great position to get into if you are just starting out because you don’t need any money or really any prior education to get started. The job entails finding property in that motivates a seller to get rid of it a price that is below the market value. This is usually someone that is in either an emotion-packed or financial situation. Position #2 – The Dealer Much like the information gatherer, this type of house flipper will also look for prospective transactions in for other investors. Through what is known as a purchase contract, he will actually control the property where the information gatherer or the scout did not. The dealer may put down some money on the property in . This type of position will assume more risk, but can also make more money. Position #3 – The Retailer The dealer usually sells the transaction or property deal in to the retailer. The retailer is the one that will have the funds to fix up the property in and then turn around and sell it at full price to a buyer. The retails is the one person that will absorb the most risk, put up the most money and in the end will make the biggest profit. This position is also the one that will take the longest time to make the profit. The dealer will often get assistance from a real estate agent like Craig Summers. There is a lot of free information available to you about buying, selling or investing in real estate. For complete information about the real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything real estate at www.pauldingandpolk.com Please feel free to contact me with any of your real estate or mortgage related questions and I would be more than glad to answer your questions. Call me on my cell at 404 374 1620 or email me at craig@pauldingandpolk.com For a FREE List of 3 Plus Bedroom Dallas Georgia Homes under $100,000 click the link or fill out the form below.