Did you ever notice on shows like “Flip This House”, or “Flip That House”, or “Property Ladder”, that the people who buy the properties don’t always go through a bank? I’m guessing because banks require an inspection, and a lot of the properties on those shows are in sorry shape, and wouldn’t ever PASS an inspection. So how do they get the money without going through a bank? The house flippers are probably getting online loans from a place like Zopa (Zone of Possible Agreement) which is a peer-to-peer loan system. Members of the network and borrow from, or lend to, other network members. Zopa is currently only operating in the United Kingdom, but they’re preparing to launch in the U.S, and I think this is something a lot of potential house flippers are going to be interested in.

Heck, if the real estate market in Tampa wasn’t in such a sorry state right now, I’d be interested in trying to flip a house myself!

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