Kickstarter-Style Crowdfunding Has Reached House Flipping, and It’s Changing How Real Estate Is Sold

Editor’s Note: This is from our October 2017 L.A. Real Estate issue. For the rest of the L.A. Real Estate package, check out the issue. ANYONE IN THE MARKET to buy a house in L.A. has heard the horror stories about little bungalows receiving a dozen offers above asking, several of them all cash, all in a single day. Then a few months later the same houses show up on the MLS again, with a fresh paint job, new cabinetry, maybe some updated appliances, and a steep price hike. For most young...

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