Who needs a stand-up comedian when you can make $26 million in two years flipping houses? Ellen DeGeneres has sold her Carpinteria, California mansion to Singapore-based businessman Robert Friedland for $96 million.The property, which the 66-year-old former talk show host purchased in 2022 for $70 million, is located on Padaro Lane, one of the most expensive and exclusive locations in the area. “Ellen and [her wife] Portia [de Rossi, 51] “They used to live in the house,” a source told In Touch exclusively. “For them, flipping houses is like a hobby, and they collect them the way sports fans collect…
Author: Private Lending Agent
Kiabi has packaged more than $5.1 billion in “housing transition loans” for investors, and its most recent deal, the first to be rated by a credit-ratings agency, was oversubscribed and increased to $400 million. Whether you're looking to refine your business model, master new technologies or discover strategies to capitalize on the next market growth spurt, Inman Connect New York will prepare you to take a bold step. Your next chapter is about to begin. Join us and thousands of real estate industry leaders from January 22-24, 2025. A slowdown in home-buying has investors who fund most U.S. mortgages seeking…
Kiavi, a San Francisco-based lender to residential real estate investors, said Tuesday it has completed a $400 million rated residential transition loan (RTL) securitization in an “oversubscribed” transaction. The transaction marks Kiabi's 19th securitization, bringing total issuance to over $5 billion since the launch of its securitization program in 2019, with $1.4 billion in 2024 alone. The loans in the securitization were primarily investment real estate loans intended to be used to renovate and resell the properties. Like previous transactions, the transaction included a two-year revolving period during which principal payments could be reinvested into new loans. Kiavi CEO Arvind…
Home remodeler and interior designer Jeff Lewis rose to fame on the Bravo reality show Flipping Out. For 11 seasons, from 2007 to 2018, viewers followed Lewis and his staff as they worked on various projects for his consulting firm, Jeff Lewis Design. During the Emmy-nominated series' run, Lewis proved to be an undeniably tough boss, as evidenced by the quick firings of several employees from his team and the strained friendships he saw after Lewis unexpectedly split with a longtime assistant and collaborator. From employees who only lasted one episode to those who left after knowing Lewis for years,…
Real estate investor John Kralik is currently at the center of a federal criminal investigation after he is accused by the Securities and Exchange Commission of misusing funds designated for fix-and-flip transactions. According to court records, the U.S. Attorney's Office is conducting a federal criminal investigation related to the same conduct alleged by the SEC. “Mr. Kralik now faces both this civil lawsuit and the threat of looming criminal prosecution,” his lawyers said in a memo this week. The SEC last month accused Newport Beach-based Kralik and his company, JKV Capital, of lying to investors and misappropriating their funds. The…
summary Christina's multiple divorces have left fans confused, especially after her quickie marriage to Joshua following her split from Ant Anstead. Money issues seemed to play a big role in Christina and Joshua's divorce, with Joshua being accused of taking money from her. Christina publicly slammed Joshua's actions in the divorce, revealing his alleged behavior and criticizing his “big ego.” Flip or Flop star Christina Hall has been through a lot in her relationships over the last few years, but her recent divorce from Joshua Hall has been the most confusing for viewers. The former couple, who married Flip or…
The Federal Trade Commission will pay $12 million in refunds to people who were deceived by a Utah company with ties to several HGTV stars. Zurixx LLC, which lured students into attending overpriced home-flip seminars, agreed to a settlement in February 2022 after being accused of making false revenue claims to lure aspiring real estate entrepreneurs. Some participants paid tens of thousands of dollars to attend Zurixx seminars. According to the FTC, Zulix owners Christopher Cannon, James Carlson and Jeffrey Spangler partnered with home improvement television personalities, including Tarek El Moussa and Christina El Moussa, Hilary Farr, Peter Souleris and…
The Federal Trade Commission will pay $12 million in refunds to people who were deceived by a Utah company with ties to several HGTV stars.Zurixx LLC, which lured students into attending overpriced home-flip seminars, agreed to a settlement in February 2022 after being accused of making false revenue claims to lure aspiring real estate entrepreneurs.Further from the DeadlineSome participants paid tens of thousands of dollars to attend Zurixx seminars.According to the FTC, Zulix owners Christopher Cannon, James Carlson and Jeffrey Spangler partnered with home improvement television personalities, including Tarek El Moussa and Christina El Moussa, Hilary Farr, Peter Souleris and…
(NEXSTAR) The Federal Trade Commission is paying thousands of Americans $12 million after alleging that a Utah-based company with ties to several HGTV stars deceived people into paying expensive seminars with promises of success in “flipping” homes. A company called Zurixx LLC agreed to a settlement in February 2022 over allegations that it used false revenue claims to convince aspiring real estate entrepreneurs to pay, in some cases, tens of thousands of dollars to learn the Zurixx home flipping system. According to the FTC, Zulix owners Christopher Cannon, James Carlson and Jeffrey Spangler boosted sales from their coaching programs by…
Noah Furey (pictured above) of Insignia Capital told Mortgage Professional America that brokers in the fix-and-flip industry should make finding a lender with a proven track record a priority. “I think in any business, but especially the lending business, it's important to partner with someone who has experience,” he said. “So go to a lender that will work with you and teach you what it takes to be an effective broker and serve your clients.” Detailed up-front information is a key consideration for brokers and clients As a general rule of thumb, presenting as comprehensive a summary as possible of…