Economics
Fast-Cash House Flippers Flood Poor Neighborhoods in the U.S.
- Critics say cash-for-contracts deals dupe distressed owners
- Atlanta’s Flipping Rabbi says he’s here to fix your problem
Cash-for-houses signs on a property in Atlanta’s Grove Park, heavily targeted by wholesalers.
Photographer: Matt Odom/BloombergThis article is for subscribers only.
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States and cities in the U.S. are cracking down on a niche in house-flipping known as wholesaling conducted by a flood of largely unlicensed middlemen lured in by YouTube tutorials and a torrid market.