This Startup Lets Renters Begin Earning Equity In Their Homes Immediately

For many Americans, buying a first home is simply not economically feasible. So they end up paying a significant portion of their salary in rent, which, in fact, accounts for about 45% of Millennials’ income, according to recent research.

That’s the problem Up&Up seeks to address. Basically, the two-year-old company gives renters a way to get an ownership stake in their homes while they’re living there.

Thus, instead of paying two months rent for a security deposit, that money goes into the property as an initial investment and they keep on building up equity after that.

“Over time, we imagine people will think it was archaic that consumers had to lock up a large part of their net worth in a security deposit and put the majority of their income towards a wealth depreciating asset,” says Basil Siddiqui, a co-founder of the New York City-based company.

Earning a Stake

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What is home equity? Understanding the value in your home

Every property owner, from first home buyers who’ve just moved in to seasoned investors, has some equity in the properties they own. The amount of home equity you have depends on two factors: how much debt you have and the value of the property.

Home owners can make use of their home equity through different mortgage products, borrowing against the equity to fund investment property purchases, renovations, retirement costs and more.


What is home equity?

Equity is the value of your property minus any debts. It’s the amount of the property you own and is expressed as a dollar value. Here’s a simple example:

  • Your property is valued at $700,000.
  • You have $300,000 remaining on your home loan.
  • Equity. The property value minus debt = $400,000 in equity

Your home equity in this scenario is $400,000. Now of course, equity calculations are always hypothetical to some degree. The value of

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Pandemic provides property purchase position for private equity firm

When the pandemic shut down cities around the world and sparked a recession, debt funds — pools of investor money often used to make short-term loans for commercial real estate when banks will not — suddenly stopped lending.

“The market froze up,” said Michael Thompson, vice chairman of commercial real estate company CBRE’s debt and structured finance team in Houston. “The reason for that was obviously the uncertainty in the market.”

For Houston-based private equity firm Three Pillars Capital, the freeze, which lasted roughly from March through August according to Thompson, was an opportunity. The company buys older apartment buildings and renovates them with the goal of raising rents — a business model that usually depends on debt funds that give out loans large enough, compared to the value of the building, to cover renovation costs. But because Three Pillars has an in-house construction company, it did not need the

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Home values raise more equity for Sarasota-Manatee homeowners

John Hielscher
 
| Sarasota Herald-Tribune

Homeowners in the Sarasota-Manatee region are reaping the benefits of a housing market that so far has averted the the slowdowns hurting other sectors of the economy during the coronavirus pandemic.

Local homeowners continue to build value, and are now six times more likely to be equity rich than seriously underwater on their residences.

A total of 54,952 homeowners, or 27.5% in the two-county region, were considered “equity rich” – with the combined amount of loans secured by those properties at 50% or less of their estimated market value, according to a new report from real estate researcher ATTOM Data Solutions.

That was up by more than 4,300 homes over the year.

Meanwhile, 9,240 local homeowners, or 4.6%, owed at least 25% more on their mortgages than their properties are worth, putting them in “seriously underwater” condition, the report said. That is 460 fewer

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Equity Assets Real Estate Announces Fresno CA Multi-Generational Home for Sale – Press Release

Fresno CA: A multi-generational home has hit the Fresno CA market. The property features 2,772 square feet of living space and has a detached mother-in-law unit.

The Fresno CA home is located in Sunnyside Country Club Estates 3 Subdivision. It has 4 bedrooms, 2 bathrooms, and sits on 1 acre of land.

The home comes with all the amenities ideal for comfortable living. These include a golf course, swimming pool, tennis courts, and exercise facilities. This Fresno CA home is also surrounded by three National Parks.

The Fresno home comes with a spacious interior that is great for entertaining guests. The formal dining room is past the living room and is a perfect spot to eat and spend time with family and friends. The formal dining area is well suited for entertaining crowds both large and small.

The family room of this Fresno CA property is the perfect place to

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Retirees, Make the Most of Your Home Equity

A debt-free retirement has been the ideal scenario for so long that older adults often overlook a valuable financial resource: their home. Collectively, homeowners age 62 and older have a record $6.5 trillion of “tappable” equity, according to data analytics firm Black Knight. Individually, home equity accounts for more than a quarter to almost half of the median net worth of retirees, depending on age, according to the Federal Reserve Bank of Philadelphia. 





© Provided by Kiplinger


Many financial planners believe tapping that wealth in retirement or just before makes sense if done wisely for the right reasons. For instance, the money can be used for some laudable goals: to pay off higher-priced credit card debt, remodel a home with features to help you age in place, delay taking Social Security until you qualify for the maximum payout, buy long-term care insurance or pay the tax bill for a Roth

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Official: Residents are missing out on equity profits by selling their homes at low prices


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    ATLANTA (WLOS ) — Atlanta City Council members will discuss curbing predatory real estate sells tactics during its Monday council meeting.

The legislation will “prohibit commercial harassment by investors seeking to intimidate and pressure Atlanta homeowners into selling their properties for prices far below the estimated market value.”

According to city officials, Atlanta has seen increases in home values, however, legacy residents are missing out on those profits by selling their home at artificially low prices.

Officials noted Fulton County property records show that predatory tactics are prevalent in predominantly Black communities such as Pittsburgh, Venetian Hills, Grove Park, and Sylvan Hills.

In those areas, “more than one in four occupied homes were sold at less than half the estimated fair market value”, according to a city official.

Under the proposed ordinance, it will be illegal for an investor to contact an Atlanta

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Official: Residents are missing out on equity profits by selling their homes at low prices |

Click here for updates on this story

    ATLANTA (WGCL) — Atlanta City Council members will discuss curbing predatory real estate sells tactics during its Monday council meeting.

The legislation will “prohibit commercial harassment by investors seeking to intimidate and pressure Atlanta homeowners into selling their properties for prices far below the estimated market value.”

According to city officials, Atlanta has seen increases in home values, however, legacy residents are missing out on those profits by selling their home at artificially low prices.

Officials noted Fulton County property records show that predatory tactics are prevalent in predominantly Black communities such as Pittsburgh, Venetian Hills, Grove Park, and Sylvan Hills.

In those areas, “more than one in four occupied homes were sold at less than half the estimated fair market value”, according to a city official.

Under the proposed ordinance, it will be illegal for an investor to contact an Atlanta homeowner

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Rolls-Royce Gets Investor Nod for $2.6 Billion Equity Sale

(Bloomberg) — Rolls-Royce Holdings Plc shareholders backed a 2 billion-pound ($2.6 billion) equity raise, a key step toward shoring up the British engine maker’s finances to outlast the Covid-19 pandemic.

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Investors voted 99.5% in favor of the rights issue, according to a statement Tuesday. Their support means Rolls-Royce can access a further 3 billion pounds of funds, through a bond sale and a 1 billion-pound term loan, both of which were conditional on the rights issue passing.

Rolls-Royce’s engine business has been dealt a heavy blow by the coronavirus, with both unit sales and maintenance revenue hurt by a mass grounding of widebody planes. The company announced a 5 billion-pound refinancing plan at the start of this month, funded through a combination of debt issuance, a rights offer and loans, and now has no pressing need to extend borrowings guaranteed by the U.K. government.

Rolls-Royce shares slipped 2.3%

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Dunkin’ Brands in talks for sale to private equity

Inspire Brands, the owner of Arby’s, Buffalo Wild Wings and Jimmy John’s, is in talks to buy Dunkin’ Brands, which owns the namesake coffee chain and Baskin Robbins. The deal could be announced as early as today, according to The New York Times.

Marketplace’s Kristin Schwab is following the potential deal. The following is an edited transcript of her conversation with “Marketplace Morning Report” host Andy Uhler.

Andy Uhler: Kristin, what are the details of this deal?

Kristin Schwab: Well, Dunkin’ has been doing pretty well during the pandemic. Its share price has more than doubled since March. And this deal would take Dunkin’ private at more than $106 a share, 20% higher than the company’s closing price on Friday.

Uhler: But if I remember right, Dunkin’ wasn’t doing so well at the beginning of the pandemic.

Schwab: Yeah, the company did see an initial 20% drop in sales and

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