Three Types of House Flippers by real estate expert [Profile.full_name]

A lot of property investors in [Profile.market2] go into that part of real estate to become what is known as a house flipper.  House Flippers purchase real estate in [Profile.market2] with the goal in mind to immediately sell the property in [Profile.market2] so that they can turn a quick 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 [Profile.market2] 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 [Profile.market2] 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 emotional or financial situation where they need to sell quickly.

Position #2 – The Dealer

Much like the information gatherer, this type of house flipper will also look for prospective transactions in [Profile.market2] 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 [Profile.market2].  This type of position will assume more risk, but can also make more money.  In essence, the dealer sells the contract to other investors for a quick fee.

Position #3 – The Retailer

The dealer usually sells the transaction or property deal in [Profile.market2] to the retailer.  The retailer is the one that will have the funds to fix up the property in [Profile.market2] and then turn around and sell it at full price to a buyer.  The retailer is the person that will absorb the most risk, puts 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 turn the deal around and make the profit.  The dealer will often get assistance from a real estate agent like [Profile.full_name].

There is a lot of free information available to you about buying, selling or investing in [Profile.market2] real estate.  For complete information about the [Profile.market2] real estate market including current homes for sale, property values and more, please visit the most complete website online dedicated to everything Cape Coral real estate at www.livingincapecoralnow.com and www.dancraddock.com.  Please feel free to contact me with any of your real estate related questions and I will be happy to answer your questions.  Call me on my cell at [Profile.cell_phone] or email me at [Profile.email_link].

Have a Prosporous Day!