GROUNDFLOOR’s CEO, Brian Dally, was quoted by Bloomberg News, commenting on the current climate of the home-flipping market:
For now, hard money lenders say they’re not worried real estate investing will collapse. Groundfloor’s Dally said flippers can’t count on finding a move-in ready house anymore and flipping it quickly. Those houses have already been sold off, and what’s left are older houses that need extensive renovations. Still, there are enough such houses out there to sustain Groundfloor’s business, he said.
Read the article on Bloomberg News