Ohio Residents Buy Properties To Fight 'Flippers'

Community members in Ohio are fighting against real estate prospectors by buying up property before investors can move in to "flip" them for a quick profit.

1 minute read

November 26, 2007, 8:00 AM PST

By Nate Berg

"Trying to keep strategically valuable properties out of the hands of banks and investors, some communities are starting to head them off at the sheriff's auction."

"In July, a group of impromptu investors - all College Hill residents or business owners - offered $85,000 for a former office supply store just north of Cedar Avenue in the Hamilton Avenue business district. They outbid Wesbanco Inc., which foreclosed on the previous owner after he defaulted on a $100,000 loan."

"'We didn't want to leave it up in the air for who-knows-who would buy it,' says Elizabeth Sherwood, president of the College Hill Forum and one of nine investors in Streetcar Properties LLC."

FULL STORY: Communities beat 'flippers' to the punch

Sunday, November 25, 2007 in The Enquirer

History / Preservation Housing Ohio

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban Planner

Get top-rated, practical training

Start Learning

Advertise with us

Urban Design for Planners 1: Software Tools

This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.