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Housing Activists Hope to Beat Investors with Cash Offers!
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:04:41
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Sinopsis
Investors often use this strategy and now some housing activists are doing the same, hoping to beat investors with cash offers. It’s the cash offer on a home that often gives investors an edge, and one activist group in Milwaukee is hoping to level the playing field with funds to buy homes in cash that it will then sell to low-income families. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review. Act Housing is a nonprofit organization that wants to give low-income families an opportunity to buy homes that are often scooped up by investors with cash offers. The Wall Street Journal is calling them “activist house flippers.” In this case, the group would flip the homes for a minimal profit because it would sell them to families for close to the cost of the homes. (1) Housing Acts In Fundraising Mode The group hopes to raise $10 million by next year from the government and other groups that provide philanthropic funding. The act