How has Zillow managed to lose upwards of a billion dollars house flipping? How do you lose a billion dollars in a business this good? And what can we learn from Zillow’s failure? Is the lesson as obvious as buy low and sell high? They were certainly buying high and selling low. However, buy low […]
Are iBuyers a Threat to House Flippers?
iBuyers have traditional real estate investors nervous and many are wondering if they will mean the of end house flipping for small real estate investors. OpenDoor, OfferPad, Zillow Offers, RedfinNow and Knock are the big iBuyers. Just like traditional house flippers, they’re buying houses for quick cash, renovating and then reselling; but on an unprecedented […]