Rental investment app Doorvest acquires competitor Getaway

Both companies help investors find, lease-up and simplify the acquisition of rental property. There are differences in each company’s approach, but its focus on financing attracted Doorvest to Getaway. Continue reading

Second-home buyer’s remorse: 6 tips for prevention

Keeping clients fully informed and helping them to think ahead about the logistics and financial implications of a second-home purchase can create more positive feelings and better outcomes, Jonathan Pressman writes. Continue reading

Why onsite management will remain essential to multifamily

Good property managers build relationships and communities, and that’s something no app can do, multifamily expert Michael Zaransky writes. Continue reading

Offerpad CEO on the company’s 4% solution for real estate agents

CEO Brian Bair told National Mortgage News in a recent interview that agents no longer view Offerpad as a threat, noting they can make 4 percent if a client takes the company’s cash offer and the home is updated and resold. Continue reading

Gains and losses amid market shifts: Q2 2024 earnings

The Q2 earnings are in: From Zillow’s revenue boost to RE/MAX’s struggles, Jessi Healey breaks down who’s up and who’s down. Continue reading

‘Fix-and-flip’ loans are going mainstream with investors

Kiavi has packaged up more than $5.1 billion in “residential transition loans” for sale to investors. The latest deal — the first to be evaluated by a credit rating agency — was oversubscribed and bumped up to $400 million. Continue reading

Expedia adjusts H2 projections despite revenue growth

Expedia Group met the high end of its earnings expectations for the second quarter of 2024, despite a challenging macro environment and softening travel demand, according to an earnings report released Thursday. Continue reading

Investing from afar made simple with Waltz: Tech Review

Waltz provides a digital on-ramp for foreign real estate investors to buy property in the United States. It helps them establish a banking presence, an LLC, gain an EIN, transfer currencies and safely wire funds. Continue reading

Travelers spent $21.2B booking through Airbnb last quarter

The leading short-term rental platform told investors that its share of revenue grew by 11 percent to $2.75 billion in the second quarter of this year. Travelers made 125.1 million total bookings in three months. Continue reading

Investment firm loses former Trump hotel to foreclosure auction

Miami-based investment firm CGI Merchant Group purchased the luxury hotel in 2022 for $375 million with a $285 million loan from BDT & MSD Partners. By 2023, the firm had defaulted on its debt. Continue reading