On the House: A Crowdfunded Alternative to House-Flip Financing

(TNS)—Back when house-flipping was the major fad of the mid-2000s, Matt and Elizabeth Faircloth were not like most. As tens of thousands of people across the nation were securing mortgages they never should have received to fund flips, the New Jersey couple were tapping into money for projects in any way they could find: personal savings, money from friends and their inner circle.
They were the outliers: Only 30 percent of flippers were paying with cash, the majority instead borrowing from