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Why would real estate agents find investment properites where you can make alot of money? |
from, but not buy them for themselves if the properties are soo good? many times the agent cannot afford the properties themselves...so they are better off making their money by selling it to someone who can...case in point I flip houses , I do not deal with the little homes where I can make 30 or 40 thousand a flip, my relator found me a home that was marked down from 1.2 million to 985k ...the relator could not afford this, so i was told about it , for i finally got it for 935k and after i finish the basement for approx 200k I will be able to resell it at approx 1.5 to 1.6 million...this is something the relator could never afford to do ,but they will get a commission on both sides of the sale. Some do, a lot do actually. The truth is that it is very consuming to flip an investment property. Depending on how busy the agent is s/he may or may not have the service providers/resources available at that time. Some realtors just may not be the gambling kind, or just may not have the means to invest when they are trying to sustain a family and/or household of their own. Of course if they are trying to sell you these properties, they are trying to make their money off the listing. Do your homework on the property, make sure there is enough in the spread to make a profit, and be very careful of capital gains taxes. You can loose a lot of money investing, so make sure you know all the questions to ask, and pick just the right properties. Best of Luck!! |
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