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Mynd’s Doug Brien on Single-Family Rentals and Remote Investing
Doug Brien of Mynd and The Real Deal’s Hiten Samtani “Do you have to live in Atlanta to invest in Coca-Cola?” Doug Brien is making a point about how provincial single-family rental investing is, with people tending to buy within driving distance of where they live. That’s because the market, unlike those for stocks and bonds, is messy and opaque. Things we take for granted in debt and equities — reliable data, smooth portfolio management — are hard to come by in single-family rentals. Brien speaks from experience: He first took on the sector as co-founder and CEO of Wall Street-backed Waypoint Homes, which he built into a $3 billion,…
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Crypto, remote work set to fuel luxury house boom: report
Remote work and a surge of wealth produced by cryptocurrency are fueling desire for luxury residences, in accordance to a report. The luxurious real estate growth is being made attainable many thanks to lower desire fees, report-substantial amounts of inflation, and unwanted fat bonuses, according to a report by Sotheby’s Worldwide Realty. This blend of factors “make investing in a concrete, fixed asset like true estate interesting to several as they balance their portfolios,” Bradley Nelson, Sotheby’s chief promoting officer, told Bloomberg. “The real estate market place is now getting pushed by hybrid get the job done vs. remote work,” Nelson mentioned. Just how incredibly hot is the real estate…
