Three Types of House Flippers by real estate expert Courtney Atkinson

A lot of property investors in Lethbridge go into that part of real estate to become what is known as a house flipper. In this position, they purchase in the Lethbridge real estate with the goal in mind to immediately sell the Lethbridge houses for sale 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 Lethbridge Alberta Canada 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 or homes for sale in Lethbridge 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 Lethbridge Alberta Canada 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 Lethbridge Alberta Canada. 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 Lethbridge Alberta Canada to the retailer. The retailer is the one that will have the funds to fix up the property in Lethbridge Alberta Canada 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 Courtney Atkinson.

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 Tags: Lethbridge real estate, Lethbridge houses for sale, homes for sale in Lethbridge, Lethbridge, Courtney Atkinson

Article's Author

Courtney Atkinson
Atkinson & Associates
Lethbridge, AB

Contact Courtney Atkinson