Democratization of House FlippingModern house flipping can be traced back to the autumn of 1960, when President Dwight D. Eisenhower signed Real Estate Investment Trusts (REITs) into law. Believe it or not, the legislation creating REITs was tucked into the Cigar Excise Tax Extension Act.
For the first time ever, a broad base of investors could now pool resources for real estate...
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