How Does the Real Estate Flipper Get a Loan
Today I am still perplexed at how easily real estate flippers got away with false appraisals on overvalued land. Step1 The banks loaned too much based on the true value of the underlying collateral and the seller’s walked with the excess cash (often repeating the process as buyer then seller in the next cycle).
Forecast a Real Estate Market Decline
“Flipping” properties can become so popular that you hear about it everywhere and people start dreaming of the millions they can make. But when encounter the real estate market decline, the flippers will suffer a great shock. Here’s how to forecast the decline and avoid the failure.
