Real estate investor and finance platform Connected Investors has created America ’ s largest iBuyer .
Destined to become the most significant acquirer of residential real estate in the US , CiBuyers is poised to become the goto buyer of homes and mortgage notes for banks , lenders and funds . Moreover , it ' s becoming the number one source for discounted real estate assets for those looking to feed their own funds , income portfolios , and house flipping businesses with inventory .
We caught up with Connected Investors ’ founder Ross Hamilton for the scoop on their new iBuyer division which is being headed up by Kevin Hearst .
The Evolution Of Big iBuyers
iBuyers have been popping up on the market for the past couple of years . Most of the smaller internet buyer attempts have gone unnoticed or remained very small scale . Then there have been very big attempts by the likes of Zillow , which seemed to grind to a halt on its staple of real estate data reporting and threw everything it had at buying and flipping houses online .
Startup iBuyer OpenDoor has announced that it plans to go public , with a recent valuation just shy of $ 5B . This is despite OpenDoor being the subject of a FTC investigation into its advertising practices , reporting over $ 100M in losses in
early 2020 , and partner Redfin being the subject of fair housing lawsuits . At last count , OpenDoor had still only managed to open in 21 markets out of the 100 US markets it hopes to eventually grow into .
Unfortunately , while the industry is certainly evolving toward a much more technologydriven and far fastermoving transaction , up until now iBuyers don ’ t seem to have brought enough buying power , geographical coverage , and handson industry expertise and investment knowledge to the table to be able to reach tipping point or achieve any sizable market share .
Connected Investors could be exactly what the world has been waiting for . Ross Hamilton , who says he started out in real estate as a wholesaler and made his first million by building his buyers list many years ago , has since built one of the largest and most active real estate investment platforms on the web . Today , Connected Investors already facilitates $ 5B a month in real estate financing requests , as well as providing a variety of software solutions , and other mobilefirst features , plus the booming social network for investors .
In our exclusive interview , Ross told us that the CiBuyer program had already blown through its milestone goal of amasssing $ 1B in buying power months ahead of schedule and is still growing fast .
His big vision is not just buying and facilitating the sale of billions of dollars in property and real estate debt , but to effectively decentralize this system , change the playing field for both sides of the equation , and through swiftly going nationwide , even in small property markets , to create more liquidity in this asset class . It is creating the ability for sellers to immediately liquidate these assets , or acquire them , just as easy as stocks . Also , it brings back confidence and security to the real estate industry , with verified qualified buyers .
Destined to become the most significant acquirer of residential real estate in the US , CiBuyers is poised to become the goto buyer of homes and mortgage notes for banks , lenders and funds .
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