Why Work With House Flippers

Class Recording

The following is an AI-generated summary of what is in the video:

Working with fix and flip real estate investors can be advantageous for real estate agents. Flippers often purchase and sell properties more frequently than traditional owner-occupant buyers or even Nomads™. They can provide a significant amount of revenue for an agent, although there is a concentration risk. On the downside, some flippers may want to negotiate commissions down. Back to positives, they may provide opportunities for two commissions, one on the purchase and one on the sale of the property.

Flippers can be easily identified through public record data or software that identifies fix and flip opportunities. They may also be good candidates for other types of deals and can provide leads for listings through their marketing efforts. However, some flippers may insist on low-ball offers with low acceptance rates, which could impact an agent's reputation. Additionally, markets with an abundance of flippers may be rare.

Overall, working with fix and flip real estate investors can be a symbiotic relationship, with agents providing services such as analysis of the market, hard money loans, and teaching classes specific to fix and flippers. However, agents should be aware of the concentration risk and potential for low-ball offers, and may decide that they would prefer to work with other types of real estate investors.

Love,

James Orr
The Real Estate Financial Planner™