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Big investment firms are looking at buying some of the thousands of homes that Zillow is preparing to unload as it dismantles its home-flipping business. Unlike Zillow, many of the firms aren’t interested in making a buck on a quick flip. Instead, they want to capitalize on the booming business of acquiring homes and renting them out to families.
Other types of potential buyers for the Zillow homes include private-equity firms, real-estate investors and even individuals who could rent them or hope for better luck than Zillow had in flipping the properties. A spokesman for Zillow said the homes would also be available on the open market for sale to owner-occupiers.
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