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.
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Single-family rental firms eye Zillow’s housing stock
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.
