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.
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