Oaktree Propels House Flipping Revival With 20% Gains: Mortgages

 

House flippers, who stoked the housing bubble a decade ago, are making a comeback with the help of funding from private-equity firms and other non-bank investment companies. House flipper Greg Hebner expects to rake in about 30 percent profit in eight months, more than twice the return of the Standard and Poor’s 500 Index (SPX), as he seeks a buyer for his latest makeover. 

Read the Full Article Here