Big Single-Family Landlord to Spend $1 Billion on Home-Flipping

One of the largest single-family landlords in the U.S. is betting more than $1 billion that it can use the tools it developed for buying and managing rental houses to forge a new business serving ordinary homebuyers.

Amherst Holdings, LLC which owns or manages about 20,000 single-family rentals, is launching a subsidiary to purchase, renovate and resell properties, combining the home-flipping business with new features to simplify the consumer experience of buying a home.

Amherst has already spent $225 million this year to roll out Bungalo Technologies LLC, as the unit is called, and plans to invest $1 billion next year, according to Drew Flahive, president of Amherst Residential. The service launches this week with 25 homes listed for sale in Dallas and 10 more in Tampa, Florida, with prices ranging from $220,000 to $560,000, offering fully renovated kitchens and bathrooms, new flooring and fixtures, and smart-home appliances.  Click here for the full story.

 

Real Estate Investing From A to Z

Got real estate questions? Get the answers at this event.

Need to make some contacts? Get them at this meeting.

Looking for funding? Meet your new money here.

At The Main Event, we’re bringing the Sage down from the Mountain, blowing your mind, and shoving $100s in your wallet like crazy.

Get answers.
Meet a mentor.
Find a friend.
Pick out a partner.
Lock in a lender.
Round up a realtor.
Make. Some. Contacts.
(To make you some money)

 

Register now to ensure we have a spot for you at The Main Event Monday, October 8.

We’ll cover the gamut of real estate investing topics that are hot and relevant today, such as:

Soft Money… what you do when you’re self-employed and you don’t qualify for conventional loans

Determining ARV and general property valuations, including rehab costs

Making Deals off the MLS

Cash on Cash Return using short term financing options

Finding Off-Market Deals through iBuyers

Short-Term Funding

Air BNB and Short-Term Rentals

Tenant Landlord – The Changing Rules You Need to Know

Investing Remotely

Asset Protection

Construction Loans and Draw Process: What to Know and Questions to Ask

Investing with Notes

Mobile Homes – Little pots of gold

Hard Money – It’s so easy

Investing thru your IRA

And more to be announced!

 

We’ll convene at 6:30 for some pre-show giveaways.  Then, you’ll get the list of topics.  Pick your top 3.  Spend a half hour with a Master in that subject.  Then hop to your next one.  Smart folks will plan to stay for “The Golden Hour” from 8:30 to 9:30 to build on what you learned at the table topics.  Grow that new knowledge.  Build on that contact you just made.  Plan for a follow up meeting.  This could be the most important meeting this year for your financial future!  Register now to ensure we have a spot for you as seating WILL be limited.

“The Upsides of a Downtown: Strategies for Thriving in a Changing Market”

At REIN, our members are our priority.  We want to make sure you stay ahead of the curve and that is why we are offering a FREE workshop this Saturday, September 29. Our nationally-renowned speaker, Vena Jones-Cox, has a pretty strong argument that we’re headed into a “mid-cycle slowdown” in the market.

From 9 a.m. to noon, she’s going to show us:

  • Why increasing days on market, a spike in foreclosures, and higher interest rates might just add up to some great buying opportunities
  • The best strategies from financing, holding, and ultimately exiting from those deals if it comes to pass
  • What you’ll need to do differently as a wholesaler, retailer, landlord, note buyer, lease/option lover in a down market

Vena usually brings in a big crowd, so there will be lots of networking opportunities and new people to meet, but we also need to know how many chairs to set up and handouts to print

We look forward to learning along with you on Saturday the 29th.

New Multi-Family Investment Strategies Focus Group added to the REIN calendar

REIN member and corporate sponsor David Childers will be hosting a focus group the 4th Tuesday of each month to discuss intermediate to advanced multi-family investment strategies. Topics will include everything from deal-sharing to property management and much more!

Many of the meetings will also feature guest speakers who are experts in their field.

The first meeting is August 28th. Seating is limited to 45 so if you are interested, go click here to reserve your seat now.

Investors Share Secrets – without a Court Order!

Three of our local rock-star members pull back the curtain on their Genius Investing Machine at The Main Event August 13th. You don’t want to miss it.

Brandon Rumbley, Brandon McDonald, and Jason Dodge (BB&J) – all of the Urban Dwell Team – share three of their recent deals. They’ll show you the details – and how and why they structured these deals the way they did. This is a huge takeaway for any investor who wants to profit in today’s market. If you aren’t sold yet, here’s a taste:

Deal #1 – How BB&J made an EXTRA $274,660 in pro t on a recent project because they set it up on purpose and thought ahead.

Deal #2 – How BB&J got a 49% ROI on a recent loan made from their kids’ Coverdell Education Savings Account. (If you have kids – or can borrow kids – you MUST know about this strategy.)

Deal #3 – How BB&J set up a 1031 to exchange an asset that was spitting out $650 per month – into FOUR assets producing $4,350 per month.

This event is for you if:

  • you like making money
  • 
you want to make more money
  • you want to save on taxes
  • you have no clue what this is but you know it sounds amazing!

Don’t stay home eating PB&J.   Get to this event with BB&J!

(Your future net worth will be glad you did.)