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A comment on Startup Pays Cash to Buy Homes, Flip Them. Parent comment

Re:Startup Pays Cash to Buy Homes, Flip Them by shah_s on Saturday January 23, 2016 @01:14AM (#10957411)
Hi,

Thanks for your response. I am not knocking on you or the product because it is a lucrative market (if done right). So, you are taking the risk on the houses? Do you guys rent out the house? What happens if it doesn't sell?

[ Parent | on HN ]
Re:Startup Pays Cash to Buy Homes, Flip Them by jdross on Saturday January 23, 2016 @09:49AM (#10958538)
Yes, we buy (almost) all houses ourselves then sell them, taking on that risk.

If they don't sell, we lower the price until they do. Homes are hard assets, and always have a price. In many cases, we lose money.

[ Parent | on HN ]