'We Buy Houses' investors target seniors with below market offers

[donaldrsimonn]

These investors, often known as wholesalers, have blanketed parts of the city with "We Buy Houses" signs, leaflets, mailers and cold calls, searching for houses that are not on the market. They convince homeowners to sell at a discount, then re-sell them — often on the same day — for at least thousands of dollars more. They do so without making a single upgrade.