Drive-by Flipping with Uber – “It’s a great way to reach areas I can’t drive around the city all day,” said Scott Sekulow, who operates a franchise from HomeVestors. (HomeVestors may be best known for their “We Buy Ugly Houses” billboards.)
California House Flippers Are Paying Uber Drivers to Scout Properties
Companies purchasing homes in gentrifying neighborhoods in locations like Los Angeles, Atlanta, Chicago, and Charlotte, N.C., enlist driver fleets operating for ride-share applications like Uber and Lyft.
California Flipping Real-estate companies are hiring drivers to assist them in finding distressed properties for quick purchase and sale (aka, flipping).
The recent sign that house flippers are becoming more institutionalized and technology-driven is the recruitment of ride-hailing drivers to cover target-rich places.
“It’s a great way to reach areas I can’t drive around the city all day,” said Scott Sekulow, who operates a franchise from HomeVestors. (HomeVestors may be best known for their “We Buy Ugly Houses” billboards.)
This new union between temporary workers like ride-hailing drivers and property speculation isn’t as improbable as it might seem. As the institutionalization of house flipping has grown, so has the industry’s demand for cheap labor to help it expand further.