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Updated over 12 years ago on . Most recent reply

User Stats

176
Posts
23
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Gary Dezoysa
  • Orlando, FL
23
Votes |
176
Posts

Why do banks dislike flipping?

Gary Dezoysa
  • Orlando, FL
Posted

I understand not all banks dislike flipping, but most of them won't work with a wholesaling deal (hence the reason we need private buyer's lists). Anyone know what they dislike about the practice or how it harms them?

Most Popular Reply

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1,762
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1,299
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Eric M.
  • Flipper/Rehabber
  • Louisville, KY
1,299
Votes |
1,762
Posts
Eric M.
  • Flipper/Rehabber
  • Louisville, KY
Replied

In general, the incidence of fraud goes up greatly when property changes hands rapidly.

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