[quote=gzz]SDR, are many flippers buying 10+ homes a year for cash? Probably a few, especially in cheap markets, but the ones I know use loans and don’t do that many.
I feel that flippers are becoming more prominent now partly because so few people are selling that flips are a bigger share of inventory, and also linger a tad longer by pricing at the high end. Maybe also because I am looking in greater Clairemont which has so many nice homes that need updating.[/quote]
There are a bunch of large flipper groups doing hundreds a year in SoCal. Typically backed by funds collected from investors. There are Mid size groups using cash they started with and have grown over the years. There are small time flippers who use cash or hard money.
10+ is a low threshold for flippers of any size beyond mom and pop
Then there are the ibuyers. Redfin, Open door etc are still active. Zillow was but they grossly mismanaged things. They bought hundreds of homes here
