Not sure which is best to invest in. I would like to work in the housing market but I am not sure which job title would be better. I've dabbled in house flipping but with no success. Should I just become a real estate agent? Many people have great things to say about flipping houses but why not just become a agent? I have tried to research this question but no luck finding an answer. So I ask you . . . Which is better to invest time and money into . . . An agent or a Flipper?Thanks in advance
Real estate is way more noble and respected, house flippers are evil a$$hole scumbags that don't even deserve the right to breathe, they destroy homes and leave town to go take a sh!t in another town. Disgusting.
House flipping has a high risk to reward ratio. There is only one way to make money: sell the place for more than you paid for it and the renovations. There are also many ways to lose money: go over budget on the purchase or renovation, unexpected problems, overestimate the finished value, lose money to tradespeople, lose money on the sales, not be able to sell the property, interest on construction and purchase loans, etc, etc. Furthermore, most people have to risk most of their personal financial health and savings to even get into the project. And that is not even considering the fact that flipping homes is ALOT of work. In my opinion and the opinion of many successful real estate entrepeneurs I know, for most people, flipping houses is not a good option. It is pretty much only good for an experienced tradesperson who has business savvy. Being an agent can be great, but its a career path more than an investment. In the end, I feel the best RE investment for the average person is rental properties.
This is more a personal choice than anything else. With house flipper you do alot of different things including some real estate agent-ish stuff. Mostly this is about finding, buying, and overseeing fixup of houses. At the early stages (like the first 10 years or so) of doing this you probably will be doing alot of the work yourself. Real Estate agent is about finding clients, showing them houses, writing contracts and negoitiating the sale. You can do really well at either job and there is some overlap in what the two jobs doing (like researching good deal, whether its for yourself (flipper) or someone else (agent)). I guess it just depends on what you like to do. I personally think a good flipper makes more money than a good agent, but a great agent or flipper can make alot of money. My advice is, flipper really requires alot of money to get going (its not essential but so much harder to do without alot of money) so if you don't have alot of money maybe start with real estate agent and if you are still interested in flipper do more and more of that as you are able.
