{"id":2688,"date":"2021-12-13T18:47:08","date_gmt":"2021-12-13T18:47:08","guid":{"rendered":"https:\/\/frankbuysphilly.com\/realpha-partners-with-title-first-agency\/"},"modified":"2021-12-13T18:47:08","modified_gmt":"2021-12-13T18:47:08","slug":"realpha-partners-with-title-first-agency","status":"publish","type":"post","link":"https:\/\/frankbuysphilly.com\/realpha-partners-with-title-first-agency\/","title":{"rendered":"reAlpha partners with Title First Agency"},"content":{"rendered":"
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Fractional real estate investment firm reAlpha<\/strong> announced<\/a> late last week that it is partnering with Title First Agency<\/strong> to provide title and closing services on all of the firm\u2019s property acquisitions. The company hopes that this partnership will allow reAlpha to simplify and streamline its purchase procedures.<\/p>\n Unlike other fractional investment companies, such as Arrived Homes<\/a><\/strong>, reAlpha specializes in short term rentals<\/a>, touting its product as \u201cAirbnb<\/strong> ownership without the hassle\u201d and promising investors that they will never be responsible for cleaning after guests or conducting home repairs. As a perk to investors, they are allowed to vacation at the short term rentals they have invested in.<\/p>\n When a potential investor shows interest in a particular property, reAlpha pairs the investor with other individuals who are interested in the property to form a syndicate and raise the necessary 10% down payment. reAlpha is a 51% investor in each of the syndicates. The minimum investment starts at $2,500 per property.<\/p>\n Potential investment properties are identified using algorithms and artificial intelligence, and are then vetted by the reAlpha team.<\/p>\n reAlpha believes that this partnership will give it the ability to scale with one vendor under a customized process that will improve efficiencies, enabling reAlpha to achieve its national and global growth goals.<\/p>\n \u201cAs we start purchasing a large number of properties, their vast expertise in the title space provides a valuable consultancy and their vast network provides a seamless service to all transactions,\u201d Mike Logozzo, the CFO of reAlpha said of Title First Agency in a statement. \u201cThey are a trusted partner and considered as an extension of our team.\u201d<\/p>\n Title First Agency has a footprint in all 50 U.S., as well as 20 other countries. The title and closing services provider was acquired<\/a> by Stewart Title<\/strong> in late July and helped Stewart obtain 8.2% of the title insurance market share<\/a> during the third quarter of 2021, according to the latest statistics from the American Land Title Association<\/strong>. <\/p>\n The post reAlpha partners with Title First Agency<\/a> appeared first on HousingWire<\/a>.<\/p>\n