Backflip, a proptech company that focuses on investors looking to buy residential properties, fix them up, and then flip them for a profit, recently announced that it had expanded to 41 additional metro markets.
"First-time and experienced residential real estate investors from Alaska to Hawaii can now leverage Backflip's data, technology, and capital to make better real estate investment decisions and quickly fund the rejuvenation of America's 65 million aging homes," a press release said. "Alongside expanding nationwide, Backflip has experienced notable business, product, and team growth, and completed its first acquisition as a seed-stage startup."
Since around 2015 to 2020, house flipping gained a lot of attention with cable television shows that made the activity seem fun, easy, and profitable. It actually is far harder.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
