What’s the difference and which type of investor are you?
Everybody wants to get into the property game – either as a flipper or a keeper. If you not familiar with the terms, a “flipper” is a property investor who buys properties for the sole purpose of turning a quick resale profit, usually within a year. But a “keeper” is a buyer who holds the property for at least a year.
Are You a Property Flipper or Keeper? Click To Tweet
The comparison table below outlines the differences between the two:
However, there are also those who have a foot in both camps by employing both strategies for different types of property – depending on their investment personality, investment goals and/or opportunities presented by the existing market.
The determination of what type of property buyer you are depends on your objectives. If you veer more towards property keeper, with a good strategy in place, it is possible that rental income can be the highest monthly wage you will ever earn.
However, when a property flipper stumbles onto a good deal, it can be the fastest way to recover their investment and earn a profit – allowing them to use that cash to buy more properties.
The bottom line is, set your objectives (steady monthly income or a one-time quick profit) and decide on your strategy before choosing the right type of properties.
So, which type of property buyer are you – keeper or flipper?
–IPROPERTY
Like this article or found it helpful? Share it!
Follow us on Twitter for more news, tips and inspiration. Become our mate on Facebook and explore our Pinterest boards.