Buyers balk at markup on flips

Mood of the Market

EMBRACE. FOCUS. EXECUTE. Build your 2019 roadmap to success with 4,000+ real estate leaders.
Inman Connect New York | January 29 - February 1, 2019

I’m not really sure exactly when investors got such a bad name. Once upon a time, every other person I met wanted to be one. Maybe it was the imprimatur of slick, infomercial-esque get-rich-quickness that kick-started the national anti-real-estate-investor antipathy. It probably didn’t help when investors, only a small percentage of whom can accurately be called "flippers," ended up squarely on the wrong end of the foreclosure-crisis finger-pointing.

Probably wrongfully so, as the last numbers I could find — from 2008 — showed that only 20 percent of the foreclosures in America at the time were on non-owner-occupied homes, which is disproportionately low, considering that 33 percent of homes in America are owned by investors.