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House-Flipping Financiers Pile Into Sizzling Market

Fix-and-flip investors are enjoying a surge of attention from lenders chasing a booming market. So reports Bloomberg.

AlphaFlow counts more than 60 banks and other lenders backing home flippers, up almost 50% from roughly two months earlier.

Profits on flips are reportedly averaging a record high of around $66,000 per home.

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