Relevant:
- Flippers in Burbank and the logic behind down payments. Flippers are now making their way into many cities in the region trying quick flips for six-figure gains.
- Property Flippers Are Back as Housing's Middle Men
- Welcome back California home flippers!
- House Flippers in U.S. Crowd Courthouse Steps in Hunt for Deals
- Wall Street Cash Is Still Pushing Ordinary Homebuyers To The Curb
2016-09-22 — bloomberg.com
``House flippers and property developers are increasingly crowdfunding -- tapping the virtual wallets of anonymous internet backers on platforms such as RealtyShares, LendingHome, PeerStreet and Patch of Land. For riskier ventures, such as building new homes and buying, renovating and selling existing ones, they're finding quick financing can be easier to get online than from banks. That's contributed to an increase in home flipping. In the second quarter, 39,775 investors bought and sold at least one house, the most since 2007, according to ATTOM Data Solutions.''
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