Evidently, the failure of FTX did not do Silvergate (or Signature, for that matter) any favors. Depositors bailed once they saw that FTX was banking with these banks—and that regulatory scrutiny was (and still is) on the way.
bankruptcy
If your market is like most markets across the nation right now, it is a hot seller’s market, and finding a good deal is extremely difficult. But that doesn’t mean you should give up on your goal of flipping houses. It just means that you need to develop creative ways to locate profitable deals. This usually means finding houses to buy outside the traditional route of going through a buyer’s agent.
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