added by sari · updated 2y ago
Startups That Offer New Paths to Homeownership
- ZeroDown offers a similar rent-to-own service, but in very hot real-estate markets.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- 2. Players making all-cash offers on behalf of clients:
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- Divvy charges monthly rent, with 20% of the payment going toward equity to buy the home. After 3 years, the consumer will own 10% of the home, which is enough to qualify for a mortgage. If individuals decide not to buy the home, they walk away with 10% of the sale.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- The company typically works with high-credit-score borrowers (>700) and makes money by charging an additional 1% of the home’s price in closing costs.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- For a $10k fee, ZeroDown will buy a home on a consumer’s behalf and rent it to him for 5 years. Each month, Consumers earn equity in their home. After 5 years, they have credits worth 15% of the home’s value.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- ZeroDown - $30M in equity led by Sam Altman/Goodwater + 100M debt with Credit Suisse.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- UpEquity - latest YC batch.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- 1. Bypass down payments/mortgages with lease-to-own contracts:
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago
- UpEquity enables home buyers to make offers stipulating that if their mortgage isn’t approved by a certain date, UpEquity will step in and provide an all-cash offer.
from Startups That Offer New Paths to Homeownership by Tomio Geron
sari added 3y ago