Equity Thieves
from The Rental Realist Hosted by Tyson Hill
In this episode we talk about the services that want to buy your property with all cash offer, no inspections, quick close, etc., even though your home is not for sale. While there are situations where this type of real estate transaction can be advantageous, these buyers are looking to buy your property at a discount so they can turn around and flip your home for a profit. I call this equity stealing. Why would anyone do this?! You owned the property, carried all the risk and liability, yet are now willing to hand that equity over to someone to profit off of? I also share a recent example of how one of my clients recently fell victim to this type of service. Tyson Hill is a licensed broker, rental property investor, and owns a property management business. He grew up around the rental property game and knew by the time he was 15 years old that he wanted to own rentals. 9 years later he acquired his first rental home and has continued to invest and build his portfolio ever since. Tyson is passionate about rental real estate and through his experiences in owning rental property and managing thousands of properties over his career, he started this podcast to share his insights, opinions, and tips to anyone who owns rental property.
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What this episode covers
In this episode we talk about the services that want to buy your property with all cash offer, no inspections, quick close, etc., even though your home is not for sale. While there are situations where this type of real estate transaction can be advantageous, these buyers are looking to buy your property at a discount so they can turn around and flip your home for a profit. I call this equity stealing. Why would anyone do this?! You owned the property, carried all the risk and liability, yet ...
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