Real estate startup
launched last year, offering a unique solution for finding
affordable housing in some of the nation’s largest and most expensive housing

At the time, the company launched with $14 million in funding. Now, more than a year later, the company has raised more than three times that much, and one of its new investors is a name that will grab some headlines.

Included among the investors in Bungalow’s $47 million
Series B funding round is A-Rod Corp.,
the investment firm founded and led by former MLB star Alex Rodriguez.

According to Bungalow, A-Rod Corp. acted as a “strategic”
investor in its Series B round along with CAA
, the early-stage venture capital arm of top entertainment and
sports agency Creative Arts Agency.

Leading the investment was Founders Fund, led by General Partner Keith Rabois. Founders Fund
previously invested in the company, also taking part in its Series A funding round
last year.

Also participating in the Series B funding round was Coatue, let by partner Matt Mazzeo,
along with the company’s previous investors, including Khosla Ventures, Atomic VC,
Cherubic Ventures, and Wing Ventures.

Bungalow offers co-living, but instead of co-living in an apartment
building, Bungalow renters co-live in a house. The company pairs “early career
professionals who need a home in booming cities” with homeowners who own the
“existing, outdated housing supply” to solve a problem for both.

The company takes older homes and “repurposes and
redecorates” them for what today’s renters want. The company then vets and
matches renters together to serve as housemates in the fully rented-out house.

Last year, the company soft-launched in New York City, the
San Francisco Bay Area, Los Angeles, and Seattle, before expanding to Portland,
Washington, D.C., and San Diego.

Bungalow is also now available in Chicago, Philadelphia, and

According to the company, Bungalow has now served more than
3,200 residents and 730 homes in 10 markets.

The company states that it is on track to scale the business
to more than 12,000 residents by the end of 2020 and plans roll out new tech
capabilities as it expands to “three new major metro areas” in 2020.

“We are grateful to all the incredible people — from
residents to homeowners to our business partners — who have believed in our
mission and we’re thrilled to help thousands more residents find great homes
and even better roommates as we grow,” the company said in a blog post
announcing the capital raise.

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As far as real estate agents are concern, several of them are obviously not in control. Their lives are often scattered like those dust flying everywhere. One of the reasons we can add is because it's extraordinarily gratifying to help people regain their lives and actually enjoy work and life. Here are a few tips you may to help you create your ideal work week to make 2011 a year to remember:

Know what makes profit . It is not a big deal to encounter numbers of them getting sidetracked in the hustle and bustle of real estate business and end up doing senseless. Listing, prospecting, selling and negotiating are the four tasks that can actually make money, focus your-self with these. Every single thing is squandered, time or money. No one is willing to pay for someone wage to answer the phone or file papers, think about it? Take a look and stay focused always!

Learn to make useful of time . You shouldn't be wasting time as stated in number one. The activities that can be of waste must be identified by you your-self. For example, paperwork, think of File it, act on it or toss it so that you don't get buried in it. And be aware not to get sidetracked with unexpected calls, set aside specific times to do you phone calling.

Learn to be goal oriented. You should always know your goal and be driven by it; the goals are your purpose and motivation to take the initiative to step forward towards the grandeur of excellence. Knowing one's purpose is something a Realtor should do, if we base it in our daily experience, a truck wouldn't start without fuel and a bike wouldn't run without someone driving it, these all are the same of a human and without a purpose human can achieve nothing.

Learn your responsibility . Last but not the least, a real estate agent can develop the best weekly work plan in the world with the best money-making activities a human can imagine, but if you don't have accountability to get the tasks done, you might as well flush it down the toilet. Review your team members together regularly for the sole purpose of holding each other accountable for getting key items done. Different individuals with different slant of views with the same common purpose and goal, standing united and together they comprise a strong organization.

Source by Prince P Gebauer

The United States of America is the “land of the free and home of the brave.” Well, no doubt about that. But did you know it is also a realm of the strange?! Yes, you read it right! The USA is where you find some of the weirdest and freakiest things and places you would have ever heard about or seen in your life. Do not agree with this fact? Then check out these strange museums in the country that will surely give you the creeps.

Museum of Psychphonics, Indianapolis, Indiana

Museum of Psychphonics is not your run-of-the-mill museum. Firstly, it might be too small for many to be referred to as a museum but it has an intriguing collection of artifacts that perhaps qualify it as one. The museum is dedicated to the “music of the mind,” Afrofuturism, the culture of underground USA and the history of Indianapolis which in itself is not that well known. Its most prized possession is the last original copy of Baby Mothership by the musical band Parliament-Funkadelic. It’s a mysterious place that intrigues at every step. If this fascinates you too, then get on a cheap flight to Indianapolis and solve the mystery that Museum of Psychphonics is.

International Cryptozoology Museum, Portland, Maine

There are museums that tell us about the creatures that have become extinct, and then there is International Cryptozoology Museum which is dedicated to beings that are “hidden” or “not yet known.” It takes pride in calling itself the world’s only cryptozoology museum. It is replete with sculptures of beings that nobody knows even exist.

Warren’s Occult Museum, Monroe, Connecticut

Are you fascinated by the supernatural? Do you believe that there is life after death and that there are things or powers that try to crossover to our world? If the answer’s “yes,” then board a cheap flight and move straight to Warren’s Occult Museum. Its assortment of haunted artifacts is truly astounding. It houses the collection of two of the world’s most well-known paranormal investigators Ed and Lorraine Warren. This is the stuff they gathered during their decades of investigating the things that do not belong to our world.

Idaho Potato Museum, Blackfoot, Idaho

Potato is the most cherished produce of Idaho and turns out, they have built a museum in honor of it in the city of Blackfoot. You can recognize the building with a giant potato placed in its front and inside you can learn about the history and interesting facts about the produce. Start checking out the best flight deals and explore the weird museum.

International Banana Museum, Mecca, California

If potatoes could have a museum dedicated to them, then why not bananas, right? So, there you have it – International Banana Museum. It boasts a collection of over 20,000 artifacts belonging to bananas such as salt shakers, staplers, ties, buttons, glasses, soaps and more. What more can be said about the site. Just head over and go bananas.

Mütter Museum, Philadelphia, Pennsylvania

Mütter Museum is simply a museum of medical history but that does not even begin to explain its creepy collection. It has over 3,000 osteological specimens representing varied medical conditions such as trauma, illness and more.

Source by Zoey Alena

More developers are building up instead of out, a new report from RentCafe says.

Since 2010, mid-rise and high-rise construction has gained in popularity, according to the report.

Since the 1990s, the share of low-rise buildings decreased from 92% to 48% of structures currently being built.

The share of mid-rise apartments under construction today is 41%, up considerably from 6% in the 1990s. High-rise apartment building has also increased its shares from 2% to 11% in the same time frame.

Residential skyscrapers are also becoming popular, going from only eight in the 1990s to 68 during the 2010s. From the early 2000s through the 2010s, the number of residential skyscrapers nearly doubles, RentCafe said.

The top 10 tallest apartment buildings in the U.S. were developed over the last three decades. Boston has the highest share of high rise apartment building growth this decade, outrunning other large metros including New York City.

In Boston, 55% of completed apartment buildings have more than 12 floors, while 51% of what was built in NYC since 2010 is in the same height category, and 41% in Chicago.

In the previous two decades, New York City led with a 61% share of high-rise buildings in the 2000s and a 46% share in the 1990s, remaining the city with the most high-rise residential buildings in the U.S.

Although going up might be the trend, there are some cities sticking to low-rise development.

Jacksonville, Florida had a 92% share of low-rise development and delivered no high-rise apartment buildings this decade.

Tall buildings have not been the preferred type for Las Vegas and El Paso, Texas either. These two cities saw its share of low-rise buildings rising to 98%, with the rest of deliveries being mid-rise.

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According to the National Association of Home Builders Housing Trend Report, only 21% of people planning to purchase a home think it’s getting easier to do so.

On the positive side, it’s an improvement from last year’s report, when 19% of the survey respondents said the same thing.

Conversely, 68% of homebuyers say they expect searching for a house to get harder or stay the same, which is less than the 71% who also thought so in 2018.

(Image courtesy of NAHB. Click to enlarge.)

In the third quarter of this year, 29% of buyers said they saw more homes on the market compared to three months earlier.

This remains virtually unchanged from last year’s total when 30% reported seeing increasing housing availability.

The share of potential buyers who saw fewer or the same number of homes for sale was 59%, a small decline from last year’s 60%.

As we near the end of 2019, economists forecast that there will be less homes available on the market, and a recession is likely. However, homebuyers remain positive, yet wary.

Older buyers also say they expect a worsening housing availability. Recently, multi-generational homes have been on the rise, with the size of homes getting bigger and housing availability gets smaller.

Interestingly, the number of homebuyers who see homes they like and can afford declined as the buyers’ age increased.

Of those homebuyers, 41% of Gen Z, 32% of Millennials, 23% of Gen X, and 18% of Baby Boomer homebuyers said they can afford the house they like.

Regionally, buyers in the West are the most likely to report improving housing conditions, at 36%, while those in the Midwest are the least likely to report an improvement, at 23%.

Geographically, at least two-thirds of buyers in every region expect their search for a home to get harder or stay the same.

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If you’ve ever been caught in heavy traffic, you know how it always seems to go: you’re surrounded by hundreds of cars trying to get to the same place that you are; your lane isn’t going anywhere, and everyone around you seems to be moving along just fine. Until you switch lanes, that is. That’s when your old lane starts to move forward and your new lane grinds to a halt. Sound familiar?

These days, navigating the financial markets is a lot like being stuck in heavy traffic. You have your money invested in a traditionally strong asset class-real estate or common stocks for example-but it doesn’t seem to be going anywhere. So, you move it into a sector of the market that seems to be enjoying better performance, and what happens? Your old asset class takes off and your new one grinds to a halt – leaving you and your asset accumulation plans going nowhere.

Switching investment strategies in response to lackluster performance – just like switching lanes in heavy traffic – carries with it a number of potential risks. Domestic and world events, changes in the economy, even bad weather can all affect what happens to your money on a day-to-day basis. There is simply no way of looking down the road to see what’s coming next and no guarantee that your new strategy will perform any better than your old one did.

So how can you get yourself out of the “slow lane” and position yourself to take better advantage of periodic upswings in more than one sector of the financial markets? For many investors, the answer is an asset allocation strategy.

Asset allocation is the practice of spreading your money among several different asset classes (e.g. stocks, bonds, mutual funds, CDs, annuities, etc.) in order to reduce your exposure to loss and increase your opportunities for growth. Portfolios that include different types of investments generally enjoy a greater degree of protection against market volatility than those that do not. For example, when stock prices rise, bond prices generally fall-and vice versa. If you’ve got money invested in both stocks and bonds, losses you suffer in one investment can potentially be offset by gains in the other.

How do you determine what kind of asset allocation mix is right for you? The answer depends largely on your tolerance for risk and investment time horizon. If you’re the kind of person who lies awake at night worrying about what the stock market is going to do, you probably have a low to moderate tolerance for risk. If you aren’t so concerned about what the markets do on a daily basis and you’re willing to take on greater levels risk in order to earn potentially larger gains, you might want to consider more aggressive investments. In either case, your asset allocation strategy should reflect your tolerance for risk.

Your investment time horizon is simply the number of years between now and when you will need access to your money. The longer your investment time horizon, the longer you will have to recover from potential losses. People with long investment time horizons are often more comfortable investing in riskier but potentially more rewarding investments. Conversely, the closer you are to needing your money, the less comfortable you may be with putting it at risk. Individuals approaching retirement, for example, generally move their money into less risky and more conservative investment vehicles.

Once you understand your tolerance for risk and investment time horizon, you will likely base your asset allocation strategy on one of four general asset allocation models: preservation of capital, income, income and growth (balanced), or growth.

Preservation of capital models are largely designed for investors who expect to need their money within a few short years-people who are unable or unwilling to put any of their principal at risk. Income models are designed for individuals who require current income. These are generally people who are at or approaching retirement or who have others depending upon them for support. Balanced models tend to strike a compromise between preservation of capital, income, and growth, and are usually comprised of an asset mix that both appreciates over time and generates current income. Balanced models are ideal for people who still have time to accumulate assets, but who don’t have a particularly high tolerance for risk. Finally, Growth models are designed for individuals with a long-term investment time horizon and a higher than average tolerance for risk. These are usually younger, working individuals who are just beginning an asset accumulation program.

Regardless of where you are in life, it’s never too late to develop an asset allocation strategy, especially if you’ve been feeling stuck in the “slow lane” when it comes to your investments. The right asset allocation mix will not only help you maintain your confidence through the stormy economic waters that may lie ahead, but it could also increase your potential for better returns over the coming years. Keep in mind, however, that neither diversification nor asset allocation ensures a profit or guarantees against loss.

You can’t drive in three lanes of traffic at once, but working with a trusted financial professional, you can get back on the road to a secure financial future.

Source by Hugh J McGuire

For the first time since 1850, the average size of the U.S. household is on the rise, RealPage says.

It’s not just the kids or Millennials, either. Households are growing and becoming multi-generational.

Over the last century-and-a-half, household sizes have actually been shrinking, according to the data from the Census Bureau. But that trend reversed recently.

In 2010, the average number of habitants in a house was 2.58, but in 2018, it was 2.63.

According to the Census Bureau, the population within a household has grown 6% since 2010 and household formation has grown 4%.

About 20% of households today are a multi-generation home, up from 12% of households in 1980. During the previous economic downturn, many households most likely added or retained an extra adult, RealPage said.

These extra adults are often a parent or child of the primary occupant or a roommate or boarder who cuts down on the cost of living. This makes up 20% of households in 2019, up from 17% in 2007.

Despite these numbers, RealPage says that single-occupant apartment households still outnumber multi-occupant units.

Of those multi-occupant apartment households, RealPage found that roommates by necessity, young couples/roommates by choice, families, and established married couples are the four commonalities.

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Continuing a trend that stretches back to one year ago, Millennials are still dominating the homebuying landscape, taking on more mortgages than previous generations.

A report from says that at the end of the third quarter, the Millennial share of mortgage originations increased 3% from last September, coming in at 46%.

(Image courtesy of Click to enlarge.)

Meanwhile, Gen X and Baby Boomer shares continued to fall, to 35% and 17% this year, from 37% and 18% last year, respectively.

As for primary home loan originations, Millennial shares increased also. In September, Millennial share was 44%, up from last year’s 40%.

Gen X shares fell from last year’s 41% to 39%, while Baby Boomer shares fell to 16% from 17% last year.

Millennials were also found to move once every two years, a study from Porch said. Gen Xers moved about every four years and baby boomers stayed in the same place for nearly six years at a time. 

According to the report, Millennials are buying more expensive homes, too.

The median price of a primary home purchased by Millennials went up 6%, to $250,000 compared to last year. Generation X and baby boomers only increased their purchase prices by 5% and 2%, respectively.

(Image courtesy of Click to enlarge.)

Millennials are also increasing the size of loans they are taking out to buy a home, as this generation had a median loan amount of $231,590 in September. This is 7.3% higher than last year.

This growth in mortgage debt undertaken by Millennials outpaces that of both Baby Boomers, which grew by 2.6%, and Generation X, which grew by 4.4%.

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Sales of new homes probably will rise to a 13-year high in 2020 as the U.S. dodges a recession, according to Lawrence Yun, chief economist of the National Association of Realtors.

New-home sales probably will jump 11% to 750,000, according to Yun’s new forecast, which would be the highest reading since 2007.

Sales of existing homes likely will increase 3.7% to 5.56 million in 2020, the highest tally since 2017, Yun said.

“Some loosening in inventory will happen in 2020, and so we expect home sales to rise,” Yun said at NAR’s convention in San Francisco. “We’ll see an increase in inventory, but not any oversupply, so home prices should continue to move higher – our hope is in a much tamer fashion.”

Yun said he expects the median price of an existing home in the U.S. to be $270,400 next year, rising 4.3% from 2019. That would be a slower pace than the 4.9% annual gain in the median price he forecasts for 2019 and the 5.7% recorded for 2018.

The median price for a new home probably will be $313,500, down 4% from 2019, but that could stem from a shift toward smaller houses as builders try to meet demand from first-time buyers.

The average U.S. rate for a 30-year fixed mortgage probably will stay at 3.7% through the second quarter of 2020, Yun said. In 2020’s final two quarters, it likely will rise to 3.8%, he said.

Talk of a U.S.-China trade treaty has caused bond yields to rise in recent weeks, which could influence investors in mortgage securities to demand higher returns. But, Yun said he expects “sub-4” rates to continue through 2020.

“We’re seeing some bond yields rising, but we even with some fluctuation, I think mortgage rates will be slightly under 4% for 2020, and the reasoning for that is the Fed communication saying they would not be raising interest rates in 2020 given that the inflation rate is under control.”

The Federal Reserve cut its benchmark rate by a quarter of a percentage on Oct. 30 in a bid to keep the decade-long U.S. economic expansion going while signaling it likely was done, for now.

It was the Fed’s third consecutive quarter-point cut as the central bank tries to bolster a slowing economy.

“I think we will not facing an economic recession,” Yun said. One reason, he said, is the economic stimulus provided by homebuilding.

“We need to produce more homes,” he said. “If we produce more homes, that is an economic stimulator and that growth will prevent us from going into a recession.”

Homebuilding – or “fixed residential investment” in economic language – contributed 0.18% to GDP in 2019’s third quarter, according to the Department of Commerce. It was the first positive reading in six quarters.

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Everybody learns from somebody, and, when it comes to real estate investing, I definitely have spent considerable time and money studying flipping “at the master’s feet.” I’d like to share the top tips from the top real estate investing gurus I learned the most from over the years.

  1. Ron LeGrand© – anybody who needs to copyright his name is probably worth listening to! LeGrand is definitely the big name in our business. Although people have been into real estate investing since way before Ron Legrand, I don’t think anybody’s taught it to the masses like Legrand has. Legrand made famous the MAO (Maximum Allowable Offer) formula everybody’s used for years.

    My greatest takeaway from Legrand was the MAO formula and the mechanics of the quick flipping business. The famous Ron Legrand quote “the less I do, the more I make” was also my first inspiration for systematizing our real estate investing business.

  2. Robyn Thompson – once I learned the mechanics of flipping, I decided that flipping rehabs was where I wanted to focus. I invested in Robyn’s courses, and attended her rehab and marketing for real estate investing bootcamps. Robyn is one of the best real estate investing gurus out there for giving huge value at every level of presentation (from the free ones to high-dollar bootcamp).

    I learned a TON from Robyn about the rehab flipping process, but the number one takeaway I got from Robyn was how fast you could really flip rehabs if you just threw more resources at them.

  3. Dave Lindahl – I met Dave through Robyn’s events, and attended his bootcamps and invested in his courses. Dave teaches flipping for “chunks” of cash, but nobody knows markets or apartments better than Dave.

    What has been most valuable to me from Dave was his ‘Managing for Maximum Profits’ home study course. An investor with no experience or training in managing property is like a lamb to the lions. I started on the right foot, and have managed properties for years successfully.

  4. Louis Brown – Lou Brown is the undisputed king of real estate investing forms. I’ve used Lou’s forms for real estate investing since the beginning, and have always appreciated having an incredible library whenever I need a new document.

    Lou’s forms, therefore, are my #1 takeaway from Lou, and I still use many of them today for flipping.

  5. Kris Kirschner – Kris’ Auto-Pilot Real Estate Systems(TM) for Buying and Selling real estate set the standard when we were growing our flipping business. Kris is a systems guy all the way, and his real estate systems are used across the country to really automate so much of our business.

    My greatest takeaway from Kris was his approach to “self-serve” showings. Putting a lockbox on the house, giving the code to people to view, then offering a self-serve kiosk in the kitchen with brochures and applications was pure genius, and I can’t imagine that we ever showed properties in the “olden days.” Flipping real estate is definitely best self-serve.

  6. Dan Doran – Dan is the truly the master of the sales process for real estate investment, though that barely scratches the surface of what I’ve learned from him. Dan’s ‘Sales Mastery’ course has made a bigger impact on our real estate business than any other system we’ve implemented.

    If I have to pick just one greatest lesson learned it’s this… “If there’s equity, GO!” Dan was the first to coin this sales strategy, which was contrary to what EVERYBODY else was teaching about flipping (they all said you needed to be looking for motivation, and skip right past the unmotivated sellers). Dan is also a master of the inner game, business building, and the pre-foreclosure niche.

  7. Richard Roop – Richard is Dan’s partner, and together they teach real estate marketing, systems, and have a fantastic coaching program, which I’ve been in for years now. Richard is a killer copywriter, and his slogan “Sell your house as-is, for a fair price, on the date of your choice” is probably the most copied real estate headline in our business.

    Pressed for the top lesson, I’d have to say it’s the importance of marketing in our flipping business. The first time I implemented one of Richard’s messages on a long-running campaign, I was literally overwhelmed with phone calls by people who had been receiving my messages previously, but never responded.

Source by Brian Dickerson