fliprent

As a house flipper a lot of your profit goes into real estate agent fees.  Finding a good real agent is a huge advantage in this business for several reasons.  First you want an agent that is constantly building relationships.  These relationships should be with buyers, sellers, other agents/brokers, investors, etc.  They should be full time real estate agents and willing to work for a lower commission.  Any agent that specializes in working with real estate investors will negotiate their commission.  Many of them are offering 3 percent to investors and I’ve even come across a few that offer the same to any seller, although I doubt that the latter will last after the market rebounds. 

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I’m a firm believer in not placing all my eggs in one basket.  Diversification is not just another buzz word to me.  Investing in real estate has the added benefit of flexibility.  Buy and hold investors tend to have more freedom and for many, it’s really a side business.  House flipping can be a full time job itself, especially if you manage the projects or do the work yourself.   I believe that a strategy that involves both renting and flipping offer the fastest and most secure road to wealth for full time investors. 

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