Items Tagged with 'home flippers'

ARTICLES

  • SEC accuses California men of running $2.18 million home flipping scam

    Allegedly took investor funds for personal use
    The Securities and Exchange Commission is charging two California men with running a home flipping scam that defrauded dozens of investors out of their retirement savings. According to the SEC, the men actually purchased some properties, and were successful in turning a profit by flipping those properties, but did not make enough money to cover the money they took for their own use.
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  • Goldman Sachs acquires real estate development lender Genesis Capital

    Acquisition allows Genesis to provide offerings on a national basis
    Goldman Sachs announced it acquired Genesis Capital, a specialty commercial lending platform for professional residential real estate developers, reflecting the growing demand for financing for home flippers. The announcement also reinforces the extreme need for more housing inventory across the country. Here's how the company plans to grow on a national scale with the backing of Goldman Sachs.
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