Buyers balk at markup on flips

Mood of the Market

Get Smarter. Grow Your Referral Network.
Limited seating available for Inman Connect San Francisco

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.