Companies such as Goldman Sachs, Zillow, Redfin, and other massive players have recently entered the fix and flip market. Last year, Goldman Sachs bought a commercial lending platform, Genesis Capital, for professional residential real estate developers, allowing the firm to fully enter the fix and flip space. In addition, Zillow and Redfin have started to buy homes and make the required upgrades and repairs to sell their properties.
According to ATTOM Data Solutions, 48,457 single family homes and condos in the US were flipped in the first quarter of 2018. This represents 6.9% of all home sales, which matches the highest rate since Q1 2012.
Profits for fix and flip companies are rapidly rising with increases in home prices and low availability of homes for sale or for rent. Assuming steady growth in the housing market, this could be a consistent trend for the near future.
Castle Placement is currently marketing the following fix and flip transactions – Tieback Realty Capital, Everyday Capital, LLC., Jeffrey Colle Fix Flip, Everyday Capital, and Marengo REI.
About Castle Placement: Founded in 2009, Castle Placement raises equity and debt capital for private middle market companies across a broad spectrum of industries. Highly experienced investment bankers and a robust, data-driven, innovative technology platform – including artificial intelligence/machine learning – match great companies with global institutional investors. Castle Placement’s proprietary app, CPGO, connects companies with investors in real time. It has over 64,500 private equity, venture capital and strategic investors, family offices, pension funds, foundations, endowments, sovereign wealth funds, hedge funds and lenders.