jeudi 26 mars 2015
Crowdfunding house flippers: Risks and rewards
Posted on 12:51 by nice news
Home prices are rising at a fast clip again, which is bringing house flippers back to the market. Just like during the housing boom, they are buying distressed properties, doing quick rehabs and selling them for a fast profit.
Unlike during the boom, however, some of these flippers can't get mortgages to ply their trade. So they're turning to the crowd, crowdfunding, to be exact.
Chicago-based Ben Walhood used to sell brain surgery equipment; on the side, he flipped a few houses.
"When I had the W2 and a good income, getting a mortgage was relatively straightforward," he said.
But when the flipping profits grew, Walhood, 33, decided to go into it full time. Without the sales job, thoug
Unlike during the boom, however, some of these flippers can't get mortgages to ply their trade. So they're turning to the crowd, crowdfunding, to be exact.
Chicago-based Ben Walhood used to sell brain surgery equipment; on the side, he flipped a few houses.
"When I had the W2 and a good income, getting a mortgage was relatively straightforward," he said.
But when the flipping profits grew, Walhood, 33, decided to go into it full time. Without the sales job, thoug
Crowdfunding house flippers: Risks and rewards
Categories: Crowdfunding house flippers: Risks and rewards
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