Bonus Homes Lands in Phoenix, reveals the option for Home Equity Release
“While Bonus Homes is launching its activities in Greater Phoenix, the entrepreneurial spirit of the company and the drive to help the community match the composition of the technical ecosystem of the region,” said Mark Paratore, vice -president of business development for the Greater Phoenix Economic Council (GPEC).
“The growing start-up ecosystem of the Phoenix remains a fast-growing companies-supported companies, and we are delighted to welcome this innovative technology platform and tool for building wealth in the valley.”
In each other, Bonus Homes announced the rollout of her home appreciation partnership (HAP), a financial model aimed at homeowners with mortgages of Sub-4% who want to move. The program enables the participants to cash in their equity as if they were sold while they also share in future appreciation.
Bonus homes will manage the property as a rent until the homeowner ultimately sells.
“Your house is your most valuable property and the best way to build richness in the long term,” said Kyle Kamroz, founder and CEO of Bonushuizen. “But today most homeowners have to sell their house every time they have to move. They are forced to give up their most valuable possession, which means that they completely miss the inevitable wealth that can create their house for them if they just had a way to hold it.”
Bonus Homes has already built up a $ 20 million portfolio since last year came from a pilot. In the following decade, it is planning to scale up to 10,000 houses under management. The company focuses on real estate in the range from $ 300,000 to $ 500,000, with Arizona, Tennessee and other selected markets in Focus.
