The difference between a Flipper and a Rental - Real Estate Investing
By Gene Riemenschneider, Turning Houses into Homes
(Home Point Real Estate)
The difference between a Flipper and a Rental - Real Estate InvestingThere are two basic kinds of Real Estate Investors; Those that want to buy and flip and those that want to buy and hold as a rental. Each one has a different strategy and approach to buying. Now there is some middle ground, but in general these are the two approaches.A real estate flipper wants to pick up a home cheap enough that they can use their expertise to do some repairs and then sell it or a profit. Generally they want to do this in a relative quick time frame. Time is money to the flipper. Some flippers have more integrity than others, but the focus of any work they do will be making the house look good and raising the value in the eyes of a buyer. Often this involves a lot of cosmetic repairs and fancy upgrade...
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