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Financing proves an obstacle for ADUs

Housing Wire

The Joe Biden administration broadly identified this financing issue. The problem then, the authors found, is ascertaining favorable financing. Homeowners constructing an ADU – whose total build costs run over $150,000, according to the report – use cash out refinances, home equity loans, and renovation loans.

Finance 372
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Freddie Mac spurs landlords to report on-time rent payments

Housing Wire

The government-sponsored enterprise will provide closing cost credits on multifamily loans for rental landlords who agree to report on-time rental payments through Esusu Financial. Esusu, a credit-building fintech, will deliver the on-time rental payment reports from landlords’ property management software to the credit bureaus.

Finance 433
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Moderne Ventures Closes a Second Fund of $200M

Realty Biz

What about Moderne Ventures sewing up a new $200 million fund to invest in real estate finance, insurance, and home services? . Screen capture via Youtube and Falk Marques Group: Interviews With Women in Private Equity. The firm has had three IPOs and many financing moves so far this year. .

Closing 94
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This Is How Much Profit You Should Make On a Rental Property

Kyle Handy

If you have some extra cash to invest and are considering putting it into a rental property, you should first consider how much you can expect to spend versus how much you can expect to make before investing your money. Essentially, you are turning some of your equity into cash.

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How to Calculate the ROI of Your Rental Property (3 Steps)

Kyle Handy

To calculate ROI for a rental property, you must first determine what your initial investment is. Your initial investment includes the amount of money put down at purchase and any additional costs associated with closing and preparing the property for tenants. Purchase price of the property. Closing costs.

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Market Map: 240 Real Estate Technology Companies Transforming Today’s Housing Market

GeekEstate

For instance, while Blend’s original product focused specifically on the mortgage point-of-sale, the company has since expanded to offer title services, home insurance and closings. Expanding access to home financing options. More tools for homeowners to manage their largest asset.

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Meet The Real Estate Tech Entrepreneur: Will Dunn from Gravy

GeekEstate

Prior to starting Gravy, I headed up the consumer team at Buildium, a leading property management software company used by millions of renters, along with my co-founders Jeff Dinter and Jimmy Lien. I started my career in technology investment banking and private equity. What problem does your product/service solve?