Property flipping and property management are two very different businesses and one should ensure that they do all the necessary checks before starting a project , therefore speed and efficiency is key .
CURRENT STATE OF PROPERTY MARKET ?
In the past , property flipping especially in my area was quite prevalent and there were lots of property investors in the market . However , currently , we still have property investors , but they are more seasoned and I could probably attest that to the tough socio-economic period we have just gone through as a nation , and how during that time most people could have thought differently about their business model .
My observation is that the current investors also bring quality properties , that are well built and easier to sell , and on top of that with the fair commission payable to the property practitioner . It was indeed very sad in the past , where investors cut the property practitioner ’ s commission to the core , and due to desperation , many property practitioners accepted the lower commission payments .
SA Real Estate Investor Magazine AUGUST 2022 65