Friday, June 30, 2006
Real estate, similar to any other commodity, is bought and sold each day of the week. Many people become real estate agents as they know a small piece of a large pie means large bucks. Agents help aid a sale by finding an eager buyer for a keen seller, earning a commission of about four to seven percent of the sales price for making the deal happen.
It is comparatively simple to get a real estate license, and it is a profitable field for many people. However, as you may anticipate, there is strong competition amid agents, and the ones that are successful work long, hard hours. Actually most agents are on call weekends and nights, with their cell phones stick to their ears. Furthermore, real estate agents are necessary to take ongoing education classes and follow severe guidelines set forth by technical agencies. There are better ways for an "entrepreneur" to create a living!
The Flipper
The flipper does not need a license to practice, nor is he under the oppression of a government agency. He benefits from low overhead, flexible work hours and he doesn't have to drive a Mercedes to be taken seriously (although he can certainly afford one).
There are three types of flipper investors, typically based upon experience:
The Scout
The Dealer
The Retailer
The Scout
The Scout is an information (data) gatherer. He is the "bird dog" who finds possible deals and sells the information (data) to other investors. Many may even people get started as a Scout for other investors as it does not take any cash or prior knowledge to look for concerned properties. The Scout finds a property for sale, collects the needed information, and then gives this information to investors for a fee. The fee would differ depending on the price of the property and the profit potential. The Scout could anticipate making five hundred to one thousand dollars each time he provides information that leads to a purchase by an additional investor.
The Dealer
Dealers could flip as lots of deals as they could find. On a full-time basis, a Dealer could create well over fifteen thousand dollars a month without ever setting up a property or dealing with a tenant. On a part-time basis, a dealer can easily create an extra three thousand dollars a month flipping a property or two. The dealer's way of life is that of a true "entrepreneur." He could work as much or as little as he likes, with no boss, no employees and the liberty to do as he pleases!
The Retailer
The Retailer typically buys properties from a Dealer or with the help of a real estate agent or Scout. The Retailer's goal is to glue up the property so he could sell it for full retail price to an owner-occupant. Compared to further flippers, the Retailer puts up the most wealth, has the most risk and stands to make the prime profit on each deal. However, it might take the Retailer months to realize his profit, not like the Scout or Dealer who makes his money in stuff or days or weeks.
The Retailer frequently buys properties from a Dealer or with the assistance of a real estate agent or Scout. The Retailer’s aim is to fix up the property
It is comparatively simple to get a real estate license, and it is a profitable field for many people. However, as you may anticipate, there is strong competition amid agents, and the ones that are successful work long, hard hours. Actually most agents are on call weekends and nights, with their cell phones stick to their ears. Furthermore, real estate agents are necessary to take ongoing education classes and follow severe guidelines set forth by technical agencies. There are better ways for an "entrepreneur" to create a living!
The Flipper
The flipper does not need a license to practice, nor is he under the oppression of a government agency. He benefits from low overhead, flexible work hours and he doesn't have to drive a Mercedes to be taken seriously (although he can certainly afford one).
There are three types of flipper investors, typically based upon experience:
The Scout
The Dealer
The Retailer
The Scout
The Scout is an information (data) gatherer. He is the "bird dog" who finds possible deals and sells the information (data) to other investors. Many may even people get started as a Scout for other investors as it does not take any cash or prior knowledge to look for concerned properties. The Scout finds a property for sale, collects the needed information, and then gives this information to investors for a fee. The fee would differ depending on the price of the property and the profit potential. The Scout could anticipate making five hundred to one thousand dollars each time he provides information that leads to a purchase by an additional investor.
The Dealer
Dealers could flip as lots of deals as they could find. On a full-time basis, a Dealer could create well over fifteen thousand dollars a month without ever setting up a property or dealing with a tenant. On a part-time basis, a dealer can easily create an extra three thousand dollars a month flipping a property or two. The dealer's way of life is that of a true "entrepreneur." He could work as much or as little as he likes, with no boss, no employees and the liberty to do as he pleases!
The Retailer
The Retailer typically buys properties from a Dealer or with the help of a real estate agent or Scout. The Retailer's goal is to glue up the property so he could sell it for full retail price to an owner-occupant. Compared to further flippers, the Retailer puts up the most wealth, has the most risk and stands to make the prime profit on each deal. However, it might take the Retailer months to realize his profit, not like the Scout or Dealer who makes his money in stuff or days or weeks.
The Retailer frequently buys properties from a Dealer or with the assistance of a real estate agent or Scout. The Retailer’s aim is to fix up the property
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