Back in November, rumors began to emerge that the Trump administration was considering Pam Patenaude, who currently serves as the president of the J. Ronald Terwilliger Foundation for Housing America’s Families, to serve as the Secretary of the Department of Housing and Urban Development.
That position ended up going to Ben Carson, but as it turns out, the President Donald Trump had plans for Patenaude all along: installing her in the true position of power at HUD – deputy secretary.
Home » Events » PropertyShark's San Francisco Real Estate Networking Party
PropertyShark's San Francisco Real Estate Networking Party
PropertyShark's acclaimed Manhattan Networking Parties arrive in California!
After having thrown some of the best real estate networking parties in Manhattan, we've set out to replicate that success by bringing together the most influential real estate professionals in San Francisco under one roof!
Join us -- free of charge -- and connect with over 300 real estate experts from all branches of the industry, including investors, developers, lawyers, brokers, appraisers, and more!
Leave us your business card at the party and you have the chance to win a GoPro Hero3 White Edition video camera.
Free appetizers will be available.
Hosted Bar: 6:00 - 7:00 pm.
No entrance fee
Build to rent allows investors to buy newly built homes and rent them out instead of selling them. Because the homes are new, investors are able to charge higher rent prices and tenants often stay in the home for longer periods of time. But the question remains: Why would builders move into the rental market during a time when homes are selling quickly and at higher prices than any time in the past decade?
Today the average student debt resulting from a four-year degree stands at $30,000. According to a report released by American Student Assistance in 2015, 71% of non-homeowners surveyed who carry student debt say the burden of monthly payments has kept them from purchasing a home. More than half of those say their student debt loads will likely prevent home ownership for another five years.
Currently, institutional investors control approximately 170,000 properties (a relatively small portion of the overall SFR space, which is dominated by smaller investors, and estimated to include 11 to 13 million properties). KBRA reports that 105,000 properties have been included in the 26 single-borrower deals done to date, which suggests there are somewhere north of 60,000 properties that could still be securitized.