Flipping America

FAR 067 Expected Air Date: 9/17/17 News: Partners REIT announces distribution of $0.02083 per unit. 2 cents per unit. So my 1000 units would make me $20! There are 45,731,683 Units outstanding. Thus the payout is $952,591. Billboard for Offerpad. We will buy your home. Sounds great. Another version of “if I can’t sell your home I’ll buy it for cash.” Offers appear to be 12% below current value, when all fees are factored in. Article CNBC. Flipping on the decline as prices increase. 5.6% 2nd quarter, 6.9% 1st quarter. According to NAR, 5M existing homes sold in the US in 2016. 300,000 sold by investors or house flippers. (6%) Avg price, 240,000. RE Investors sold $72B in 2016. Not a trifling amount. Scams: Corey, from West Allis, WI “When is it OK to give my contractor money up front. All of the contractors I speak with want half the money before they will begin the work. What should I be doing to protect myself?” Scam is where someone gets your money for nothing (or very little effort). Pre-payment for