House-flipping iBuyers have nabbed waves of VC funding, but have only gained traction in a handful of markets. Here's how they work and what's keeping them out of places like Boston and New York.

Business Insider

16 Jan 2020 0 shares 1 views

House-flipping iBuyers have nabbed waves of VC funding, but have only gained traction in a handful of markets. Here's how they work and what's keeping them out of places like Boston and New York.

Business Insider

Published 16 Jan 2020

· *iBuyers, companies that purchase homes with almost instant all-cash offers, renovate and quickly resell them, were born in 2014 in the heat and sun of Phoenix, Arizona. *
· *With Phoenix as the model for iBuyers, companies have expanded to markets that share many characteristics with the desert city, testing their pricing...

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House-flipping iBuyers have nabbed waves of VC funding, but have only gained traction in a handful of markets. Here's how they work and what's keeping them out of places like Boston and New York.

House-flipping iBuyers have nabbed waves of VC funding, but have only gained traction in a handful of markets. Here's how they work and what's keeping them out of places like Boston and New York.

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