Housing Wire

AUGUST 10, 2022

Angel Oak Capital Advisors , the investment management arm of non-QM lender Angel Oak Cos., Securities and Exchange Commission (SEC) alleging that the company misled investors about the delinquency rates in a 2018 private-label securitization involving fix-and-flip loans. has agreed to pay $1.75

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Investors Renovations Investing Mortgage 343

Housing Wire

JULY 8, 2024

Global asset manager Bain Capital announced Monday that it has acquired a controlling stake in Archwest Capital , a California -based company that offers financing to residential real estate investors. The firm is also a major investor in Hometap , one of the larger players in the home equity investment space.

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Investing Legal Lending Landlords 376

Housing Wire

APRIL 17, 2024

Capital Fundings , a Florida -based private mortgage lender, has partnered with real estate investment platform Privy , the companies announced on Tuesday. The collaboration will allow Capital Fundings’ borrowers to receive personalized investor insights.

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Real Estate Renovations Investing Investors 406

Housing Wire

FEBRUARY 13, 2024

Boston-based fintech company Hometap has deployed more than $1 billion in home equity investment (HEI) products since its launch in 2017, the company announced on Tuesday. And it boasts a home renovation calculator and home service offerings from Hometap’s partner network.

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Investing Renovations Tools Real Estate 314

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. On a national scale, 46% of investors reported facing more competition for deals than expected.

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Investors Mortgage Property Taxes Inventory 338

Housing Wire

DECEMBER 15, 2024

Fix-and-flip investors took a hit in the third quarter of 2024 as flipped properties accounted for a smaller share of U.S. Short-term real estate investors saw a 28.7% return on investment (ROI), down from 31.2% home sales compared to the previous quarter. in Q2 2024, according to an Attom report released this week. of all U.S.

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Investors Marketing Renovations Housing Market 303

Cleveland Appraisal Blog

AUGUST 25, 2022

You’ve just purchased your first property to renovate. How can you capitalize on your first investment property? Whether your first investment property will be a rental or a flip, your goal is to walk away with more money than you put into it. Today, Cleveland Appraisal Blog shares a few tips for first-time investors.

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Investing Renovations Landlords Real Estate 332

Housing Wire

JULY 19, 2024

Ascent Developer Solutions , a private mortgage lending platform, announced its launch Friday in conjunction with an equity infusion from Elliott Investment Management. Wasmund is also the former CEO of Genesis Capital , which was sold by Goldman Sachs in 2021 to New Residential Investment Corp. , now known as Rithm Capital.

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Construction Development Finance Lending 414

Housing Wire

JULY 27, 2022

Sweetwater Private Equity and Morpheus Ventures led the latest funding round with additional investors including Home Depot Ventures , Second Century Ventures and Palm Drive Capital. We are building our team and technology to break down barriers,” said Min Alexander , co-founder and chief executive officer of PunchListUSA.

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Inspection Renovations Project Management Real Estate Agent 369

Housing Wire

MAY 21, 2024

“It’s oddly enough in states where people are leaving,” said Florida-based real estate investor Paul Lizell of the markets where he is more focused on acquiring investment properties in 2024. Most properties that sell at foreclosure and REO auctions are in need of major renovations, far from being in fully repaired condition.

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Marketing Investors Real Estate Investing 456

Housing Wire

JANUARY 14, 2025

Improving and selling or refinancing houses for investment purposes has long been the purview of part-time entrepreneurs looking to earn additional income. As part-time investors move toward dedicating their careers to the home flipping industry, there is growing competition and many factors that contribute to a successful project.

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Marketing Renovations Investors Transportation 335

Housing Wire

AUGUST 2, 2024

Private equity firm Exuma Capital Partners announced that it is the lead investor for a newly launched, AI-powered homeowner management tool called Property.com. An AI assistant called Revana will provide personalized help with renovations, installations and maintenance.

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Real Estate Agent Real Estate Tools Renovations 407

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

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Housing Wire

OCTOBER 17, 2023

Still, even in this difficult-to-agonizing supply-challenged housing market, SFR and fix-and-flip investors, which both target existing-home inventory, are still finding ways to make a profit — at a thin margin in most cases, but a profit, nonetheless. That’s particularly true for mom-and-pop investors across both market segments.

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Investors Investing Inventory Real Estate 376

Appraisal Buzz

SEPTEMBER 19, 2024

And while the rate may have declined, home flipper profits ticked upward for investors who buy, renovate and quickly resell homes, and in Q2, investors typically earned a 30.4% But the return on investment (ROI) was up slightly from both Q1 of 2024, and from a low point over the past decade of about 25% in Q1 of last year. “The

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Renovations Investors Property Taxes Investing 433

Housing Wire

SEPTEMBER 17, 2024

Home equity solutions provider Unison launched a new product on Tuesday that combines the features of traditional mortgage financing and emerging home equity investment (HEI) options. In June, the company closed a $215 million securitization backed by home equity investments. The transaction was rated by DBRS Morningstar.

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Renovations Investing Finance Investors 391

Appraisal Buzz

JUNE 3, 2024

Let me explain — in 2021-2022, many investors purchased properties at high prices, using 2 and 3-year bridge loans. Meeting their mortgage and investor obligations will be difficult for these aggressive operators. Investors should conservatively underwrite how interest rates will affect their investment.

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Investors Marketing Renovations Real Estate 195

Housing Wire

JULY 21, 2022

This data shows early signs of a slowdown in the retail housing market in June that was anticipated by real estate investors buying properties at foreclosure auction in March. These two key foreclosure auction metrics show a clear shift in March toward more conservative bidding behavior, both in terms of max offers and buy box for investors.

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Housing Market Buyers Marketing Retail 414

Housing Wire

OCTOBER 24, 2024

My mom and stepdad went into pre-foreclosure,” said Sandoval, a real estate agent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I He passed down his passion for real estate investing to Sandoval, and he is now giving back by helping to construct a medical building in Mexico.

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Retail Buyers Renovations Finance 430

Housing Wire

JULY 5, 2022

CoreVest provides financing to real estate investors across the country and as of late June boasted more than $15 billion in loans closed and some 125,000 units financed, according to the lender. Redwood executives say Riverbend will be integrated into CoreVest. It also serves professional developers of multifamily properties.

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Finance Renovations Real Estate Investors 382

Housing Wire

JUNE 8, 2021

The average home age in the United States is about 40 years old, so there’s a huge stock of homes that need to be renovated.”. Given the rising price of lumber and other construction costs, renovations may sound impractical. A fix’n’flip loan is designed to cover the costs of purchasing a home and renovating it.

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Inventory Renovations Lending Construction 351

Housing Wire

MAY 20, 2022

Investment homes often take longer to sell because your audience is other investors. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Hire a Real Estate Agent.

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Real Estate Agent Tenants Real Estate Agents 401

Housing Wire

FEBRUARY 12, 2024

A group of investors led by Colorado-based fund manager Proprietary Capital has completed the acquisition of multichannel lender American Financial Resources (AFR), the parties announced on Monday. Since its foundation in 1997, Proprietary Capital has developed a platform to invest in the U.S.

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Lending Renovations Construction Finance 358

Housing Wire

MAY 17, 2023

In fact, ATTOM reports that one in 12 home sales in the nation last year, or 8.4%, involved fix and flip investors — whose strategy is to acquire, renovate (fix) and then resell (flip) the properties. More investors keep looking to flip homes … but are making less and less in the process “ ATTOM CEO Rob Barber said.

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Finance Marketing Renovations Investors 346

Housing Wire

OCTOBER 24, 2022

If anyone knows of anywhere that could be a good fit with my 20+years in maintenance/renovation leadership in multi-family, single family, or senior living, please pass my name along. We will use it to continue to build out our business and continue to invest a bit more in marketing,” Beasley said about SoftBank prior to the funding decision.

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Real Estate Investing Investors Business 354

Housing Wire

FEBRUARY 21, 2023

We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year.

Housing Market 370

Housing Market Renovations Marketing Retail 370

Appraisal Buzz

JUNE 20, 2024

As flipping rates rose, good luck seemed to improve for investors who bought and swiftly sold residences. It also remained within a range that might be easily depleted by carrying costs such as renovation fees, mortgage payments, and property taxes. The latest figure was up from 7.7% of all home sales in the U.S. in Q1 of last year.

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Investors Property Taxes Renovations Investing 435

Housing Wire

AUGUST 5, 2021

This bodes well for those still looking to refinance, renovate or even purchase a new home.”. Economists and investors are waiting for any indication that the Federal Reserve may begin tapering its asset purchases. A year ago at this time, the 30-year fixed-rate mortgage averaged 2.88%.

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Mortgage Valuation Housing Market Renovations 529

Housing Wire

NOVEMBER 30, 2021

The amount of equity in these loans, the underwriting, the guardrails around ATR have proven that this is a real, sustainable product that investors like.”. Fix and flip loans offer borrowers the ability to renovate and rehab older homes to make them more appealing to homebuyers once they’re placed back on the market.

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Supply Chain Lending Investors Renovations 344

Appraisal Buzz

DECEMBER 12, 2024

And while the flipping rate followed historical trends, profits turned back downward for investors who buy, renovate and quickly resell homes following a period when their fortunes had been improving. return-on-investment (ROI) before expenses on homes re-sold during Q3 2024down from 31.2% of those markets. in Q2 of 2024.

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Renovations Investors Property Taxes Investing 345

Housing Wire

APRIL 27, 2021

Another partnership of asset management giants has announced a major investment in single-family rental homes. Atlas Real Estate and DivcoWest declared last week that they will spend $1 billion “acquiring and renovating homes in high-growth states including Colorado, Arizona, Idaho, Nevada, and Utah,” according to a press release.

Real Estate 354

Real Estate Renovations Retail Inventory 354

Housing Wire

FEBRUARY 28, 2024

Specific factors include higher debt-to-income ratios, self-employed borrowers who can’t qualify using tax returns, less than seven years out of a credit event such as a foreclosure, or real estate investors with more than 10 properties. There are high income and high-net-worth self-employed borrowers and real estate investors in every town.

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Mortgage Investors Real Estate Business 374

Housing Wire

JULY 6, 2023

One source of added inventory is the fix and flip industry , which is expected to acquire and renovate some 350,000 homes in 2023, according to Kurt Carlton, president of New Western , a private real estate investment marketplace. NAR is advocating for temporarily lower capital gains taxes for mom-and-pop real estate investors [i.e.,

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Inventory Renovations Real Estate Government 478

Housing Wire

SEPTEMBER 20, 2024

It’s not as if profits have shot through the roof and investors are riding a new wave of good times. Attom measures the profit margin on home flips by subtracting the median purchase price from the median resale price, so costs related to renovations, mortgages and property taxes eat into the final margin. The typical margin of 30.4%

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Property Taxes Renovations Investors Sellers 371

Housing Wire

JUNE 13, 2023

Horton homes were built as rentals and are located in the Southeast and Southwest — red-hot investment regions for the institutional SFR market. But If you look at the public record data that’s coming out nationwide, we’re starting to see activity pick up again from the large investors,” Lwowski said.

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Marketing Investors Inventory Real Estate 304

Housing Wire

SEPTEMBER 23, 2022

Single-family rental home companies — large and small — are committed to the communities in which they invest and build by providing families with more options for housing to meet the needs of local residents. The Freddie Mac report also found that purchases by large institutions “have only been about 4% of the market since 2021.”.

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Inventory Housing Market Investors Investing 320

Housing Wire

APRIL 2, 2021

To coincide with the IPO, institutional investors have pledged to make a private investment of $250 million in the company. Two weeks ago, the firm launched a home improvement vertical with the $45 million acquisition of Renovate America ‘s Benji business line. The valuation at the time of the IPO is expected to be $1.9

Finance 281

Finance Renovations Investors Retail 281