Everyone Wants in on Housing Flipping
Pro Builder
SEPTEMBER 8, 2021
Mortgage trusts, pensions, hedge funds, private-equity firms, investment banks and insurance companies all want so-called flip loans, drawn by yields in the range of 8% to 12% at a time when one-year Treasurys pay less than 0.1%. Remodeling. to make more loans to house flippers as well as landlords, who buy a lot of rehabbed houses.
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