If you've watched too many home flipping shows, you may have been tempted to jump into the game. After all, the only thing better than a dramatic before-and-after montage is making some cash along the way.We renovated our first home last winter, and we had already learned that things don't always work out like they do on TV as we prepared to put our house on the market.J Scott, entrepreneur, co-host of The BiggerPockets Business Podcast, and author of “The Book on Flipping Houses,” knows this all too well after he and his wife turned down the opportunity to star…
Author: Private Lending Agent
Got a paint brush? A screwdriver? A hammer? If you watch one of the many house-flipping shows on TV, you might think those three tools are all you need to make thousands of dollars flipping homes. “The house-flipping shows make it seem like it’s all about designing a kitchen or tearing out walls,” says Mark Ferguson, an experienced Colorado flipper, investor, blogger, and author of several books about the industry. “But the real work is finding the deals, which they never show you.” The goal of flipping a house is to purchase it and then resell quickly for a profit,…
Global Voices Purlin's data science tech star, Hasmik Galstyan, was featured as a guest speaker at the 2021 Women in Data Science (WiDS) Worldwide Conference. This global initiative has spanned over 60 countries, 150+ regional events, and more than 100,000 data science participants. Stanford University hosted the event five years ago to inspire and educate data scientists around the world, regardless of gender, and to support women in the field. Purlin has shared this goal since its inception, building the best, most open-minded global team while actively recruiting and developing talented women. AI with a purpose Hasmik's presentation at the…
Dolores Catania and her ex-husband Frank Catania are divorced, but they still work well together. The former Real Housewives of New Jersey spouses buy and sell homes for each other, and they gave an update on their business on the April 14 episode.”Frank and I are still in the house flipping business,” Dolores said in an interview during the show. “We're fortunate that COVID hasn't affected us because people are fleeing the city and buying homes.”Business seems to be going well for the Catanias. In fact, maybe even a little too well. When Dolores and Frank are having an informal…
At times, landlords feel like they're running a concession stand at the local carnival. They say timing is everything, but if you’re a landlord who has been investing in the commercial real estate market for the long term, you can expect to see all the market has to offer. MacRo Inc. is in the business of helping property owners make smart investment decisions, including setting rental terms that maximize the value of their property. I often meet with investors who have been managing and renting their own properties for many years, and as a matter of policy, the owners are…
You've probably heard of the term house flipping, which refers to buying a home, doing some renovations, and then putting it back on the market for a profit. House flipping has been around for a while, first becoming popular in the 80s. In the '80s there was a recession and many homes were foreclosed on. People bought these homes, cared for them, and then resold them when the market recovered. In the '90s reselling became less popular. The concept of property flipping has been around for around 40 years, but it underwent some significant changes in the 2000s. These days,…
release: Savannah man sent to federal prison for home resale fraud Defendants are required to repay and forfeit more than $4.5 million STATESBORO, Georgia: A Savannah man is facing prison on fraud charges after hatching a scheme to repeatedly borrow money using the same property as collateral to enrich himself. Christopher Grooms, 41, of Savannah, pleaded guilty to one count of wire fraud. According to Acting U.S. Attorney for the Southern District of Georgia David H. Estes, U.S. District Judge R. Stan Baker sentenced Grooms to 33 months in federal prison and ordered him to pay $1,645,267.95 in restitution and…
SAVANNAH, Ga. (WSAV) – A Savannah man will be sent to federal prison for home resale fraud, according to the Southern District of Georgia. The suspect, Christopher Grooms, 41, of Savannah, repeatedly borrowed money against the same property. Authorities say Grooms pleaded guilty to wire fraud and will not be eligible for parole. “Financial fraud makes short-term profits for criminals at the long-term expense of legitimate businesses,” said Acting U.S. Attorney David H. Estes. “As Christopher Grooms discovered, our law enforcement partners are adept at rooting out these schemes, and his reckless investment in criminal activity is paying dividends in…
In America today, there are few easier ways to make a quick buck than flipping a home. The real estate market is booming, profits from flipping are at an all-time high (average about $66,000 per home), and hordes of HGTV-inspired wannabes have been jumping into the business for months.And now, American lenders are joining the trend: More than 60 banks and other companies are now lending to property flippers, according to AlphaFlow, an investment firm that buys real estate loans from lenders, a nearly 50% increase in just over two months.It was only a matter of time before lenders put…
Jonathan Knight may be best known as a member of New Kids on the Block, but for the past 25 years, he's also been flipping farmhouses in New England. That's why he's now hosting HGTV's new series, “Farmhouse Fixers,” flipping homes alongside designer Christina Crestin. According to Knight's Instagram, the show is “a long-running [time] “What was he doing in the time it took for the film to hit the screens?The knight was engagedAccording to People magazine, Knight and longtime partner Harley Rodriguez have been inseparable since being introduced through mutual friends in 2008. In 2016, Knight proposed to Rodriguez,…