Zillow getting into flipping??

[Gabriel Tapang]

I thought this article from chartr.co was interesting as it shows Zillow has bought more homes last quarter than it has in the history of its home flipping side hustle. I didn't even know Zillow flipped homes. Apparently, they are averaging $20k profit per flip. Not sure if this is a good or bad thing for smaller investors. If you have the 'abundance mentality' there's plenty of deals to go around for everyone and good for them - a billion dollar company like Zillow getting into the flipping business reassures us that the current market is ripe with deals. Otherwise, this is a pretty big competitor!