Home flippers hire Uber and Lyft drivers to scout properties in a pricey housing market

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المملكة العربية السعودية أخبار أخبار

المملكة العربية السعودية أحدث الأخبار,المملكة العربية السعودية عناوين

Competition is fierce among flippers, because the returns are falling, hitting the lowest point in eight years during the first quarter this year.

Nationwide, flippers saw an average return on their investment of about 39% during the first three months of 2019, down from 42.5% in the previous quarter and nearly 49% a year ago, according to ATTOM Data Solutions. The number of flips are down 8% annually, so the stakes are up.

"The best deals are always the deals that we put our eyes on, and I can't put my eyes on every single deal, so Uber drivers are out there, they're looking at all kinds of different neighborhoods, they're putting their eyes on many houses, and if they see something that we've talked about fits my strategy then they send it over," he said.

And, because he dabbles in real estate investing himself, Umanzor knows exactly what he's looking for. When he finds something, he takes a picture of it on a special app that can pinpoint the location, as well as the specifics of the home from public records.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

This guy looks like he wants to kill someone. Why use this picture? Weird

And the same drivers may be paid to 'scout' or for that matter 'reccy' any manner of other things in a neighbourhood - cars to order, motorcycles, people going away on holiday

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Traders are finally realizing the value of companies like Uber and Lyft, Russian rival saysInvestors are just starting to get to grips with the value of ride-sharing companies like Uber and Lyft, the CFO of Russia's Yandex said. Uber is just a TAXI company run by Highway Robbers!
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