Investment Firms Have a New Bidding Opponent: Activist Home Flippers
Wall Street Journal | MILWAUKEE
Acts Housing, a Milwaukee nonprofit, has helped local low-income families buy their first home for more than two decades. More recently, these families have been losing out to investors whose all-cash bids are more attractive to sellers.
“If a family is willing to pay the same amount for a property as an investor, how do we make sure that family actually gets that opportunity?” asked the group’s president and chief executive, Michael Gosman.