“Houseflippers” are folks with extra cash on hand who will arm-twist and lowball sellers for a quick sale, typically drop about 10-20 grand in updates, then sell.
Good way to make money, but they are endemic and tend toward the unethical.
Typically, they work in pools of investors over several properties, which spreads the risk and, worst case, creates a rental pool.
Evenin Everybody!
Ok thanks for explaining that.
So we can put the blame on HGTV?