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Do you know any "flippers"?

By
Real Estate Agent with Keller Williams

Hi all,

Do any of you know any investors or builders who have been unable to sell their properties/investments and have turned to leasing them out instead?

I've been hearing about this lately and was wondering if anyone else has experienced the phenomenon or knows someone who has.  If  you have, would you please let me know and send me a few words about your or your clients experience.  I'm putting together an article about it.

I'm trying to get an idea of how much this is really happening, not just in California, but all over the United States.  It's an interesting niche of people who seem to have been caught in the transition of this market cycle.

Thanks in advance!

Betsy

Comments(2)

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Chris Horton
Horton's Lawn Care L.L.C. - Burton, MI

My parents have been doing rent 2 owns for the last few years as the market started transitioning more here in MI before most of the country.

Jun 22, 2008 07:56 AM
Chris Horton
Horton's Lawn Care L.L.C. - Burton, MI

Yes, before we were buying them fixing them up and flipping with a net of usually 20-40k now we have been doing rent to owns and some of them now we are just renting for mortgage payment or slightly less on a few :-( One house has been vacant since December and it is in what was once a really high demand area that is now so-so

Jun 25, 2008 09:20 AM