Flying L Real Estate, LLC

If you know anything about real estate, you’ve probably heard of Zillow. The website is an easy and convenient way to view homes for those in the market, or just getting an idea of what’s out there. For professionals, however, Zillow has become a source of frustration. Clients looking through the website often get misconceptions about the market, and real estate in general, making realtors want to pull their hair out.

Zillow claimed that algorithms were going to be the future of the real estate industry, but are retracting those statements after an insider report evaluated their own real estate transactions. The company was buying properties and trying to flip them to contractors for rehabs and rentals, but often paid above market value for the homes. Now, they are set to sell 7,000 properties, and fire 25% of their staff. For more info, check the link below.

Zillow to lay off 25% of its workforce and shutter house-flipping service CEO concedes that forecasting housing prices is much harder than the real estate firm expected.

Cash Buyers and Landlords!

227 SW Taylor St in Topeka, KS is available as an assignment of contract. Rental property currently tenant occupied as an up/down duplex renting for $550 each unit, asking $60,000. Message or call for more information!