So you want to start a real estate investment side hustle? Here’s how!
So, SHRED Media’s webinar yesterday on real estate investing was pretty much the greatest thing ever.
HUNDREDS of SHREDDERS signed up for the FREE webinar with Josh Pitts being joined by real estate investor Elizabeth Faircloth, Rick Sharga, prominent foreclosure expert and EVP at RealtyTrac, the largest searchable database of investment properties, and Matt Argersinger, Rainmaker and Lead Investor at
Millionacres, the information portal for real estate investors.
The crew covered how to get into real estate investing, suggesting starting with buying a duplex to get started.
Rick Sharga also spoke about how, even though there is no foreclosure tsunami coming, now is still a great time to get into real estate investment. And up and coming investors can go about it in a variety of ways.
For example, Argersinger made a case for investing outside of just the single-family property space. “We’ve seen Amazon go out and buy JC Penney,” Sharga noted as one way in which investments are getting creative.
“Finding investors who can help with that vision is key,” he added. That’s pretty much the service Millionacres provides to its audience. “We bring investors together, and maybe a hotel investment isn’t the right investment for you, for the first deal,” Argersinger said.
Faircloth added that most of the investors she works with are mom-and-pop types who are looking to redeploy their discretionary capital. However, real estate investment is not for everyone.
“You gotta make mistakes, you gotta get beat up a little bit, and you got to start slowly,” Faircloth advised.
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Altisource selling origination business, Lenders One
Altisource Portfolio Solutions is working with Guggenheim Partners on a potential sale of its origination business amid a boom in activity among lending platforms, according to people with knowledge of the matter.
The investment bank began reaching out this week to potential buyers for Lenders One, said the people, who asked not to be identified because the information isn’t public. The unit is expected to draw interest from strategic and private equity suitors, the people said.
Altisource said in July that it would consider selling the unit after competitors raised money at attractive valuations, though it didn’t disclose an adviser, according to a release.
A spokesperson for Altisource declined to comment beyond the statement in July when it reported earnings. A representative for Guggenheim declined to comment.
Altisource manages Lenders One, a mortgage cooperative, but doesn’t own it, according to regulatory filings. The cooperative originates about 15% of U.S. residential mortgages, according to a company presentation in July. The platform helps mortgage lenders sell loans for more money and reduce the cost to manufacture a loan, Altisource Chief Executive Officer William Shepro said on an earnings call July 29, according to the transcript.
Service revenue in the origination unit increased to $14.5 million in the three months that ended in June, 16% more than the previous year. Its default business has been “severely” impacted by the pandemic but the company expects revenue to increase again next year after foreclosure and eviction moratoriums imposed by the federal government expire.
🔥 Real Estate Investing Webinar 🔥
With Josh Pitts, Rick Sharga, Elizabeth Faircloth, & Matt Argersinger
Treehouse sales boom during the pandemic
Can't find a house to buy? Don’t worry things are looking up (get it?)!
Treehouses have proliferated during the pandemic.
There are stylish backyard ones built by professionals, and makeshift ones thrown up just to escape the four walls of home. There are listings on sites like Airbnb for treehouses to camp in.
Unlike the rickety treehouses of yore, many of these new ones have been upgraded. Most are still accessed with a ladder, however, requiring you to climb.
More people have been drawn outdoors and into nature during COVID, and treehouses are part of that pattern, said Jeff Galak, associate professor of marketing at Carnegie Mellon University’s Tepper School of Business.
“They are an attempt to do something fun and interesting and away from other people,” Galak said.
Colorado-based treehouse architecture firm Treecraft Design-Build. He started it in 2015, and now employs a second designer and eight carpenters.
“In COVID times, I saw a spike in requests for backyard treehouses just because everyone was at home and the kids needed to get out of the house too,” Smith said.
His treehouses have ranged from a basic backyard structure costing around $10,000 to a livable treehouse with indoor plumbing for half a million. He has clients all over the country.
On social media, a variety of treehouse hashtags on TikTok pulls up millions of results. On Pinterest, searches for “treehouse homes” are up sevenfold from the year prior. And treehouse rentals have their own section on Airbnb.
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