Real Estate Investors Secure $15 Million for Flipping Houses through Backflip

Quick Summary:

One startup wants to make the process less complicated by offering a different way to borrow money to fund such a purchase.

Flipping houses is not for the faint of heart, no matter how fun or easy HGTV might make it seem.

Entering the market at a time when interest rates began to surge was challenging, said Ernst, who is a former investment banker and venture capitalist (he’s backed the likes of Polychain Capital).

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Author / Journalist: Mary Ann Azevedo

Category: StartupsBusiness

Markets: United States

Topics: First mark capital Startups Backflip Real estate tech Fundraising Proptech Venture

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-04-29 @ 14:30:19 (2 weeks ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 926 words

Reading Time: 6 minutes read

Sentences: 34 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 20824422

View Article Analysis

About TechCrunch

Main Topics: StartupsBusiness

Official Website: techcrunch.com

Year Established: 2005

Headquarters: United States

News Last Updated: 2 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #4

Publisher Details

Frequently Asked Questions