Flipping

Flip Secures Second Close of Series B, Bringing the Total Series B Round to Over $100 Million

Retrieved on: 
Tuesday, June 14, 2022
Small and medium-sized enterprises, Small, Trust, Science and technology in Asia, IPO, Knowledge, COO, Coinbase, Bank, Software, CEO, Founder CEO, Workforce, Investment, Multimedia, University, IOS, Growth, Stock exchange, Insight, Android, Technology, Insight Partners, Philippine Council of Evangelical Churches, Forbes, Twitter, Motherboard, University of Indonesia, Bank Indonesia, Heel, Scale, Entrepreneurship, Engineering, Family, SME, Flipping, Financial technology, DoorDash, View, Communication, QQ, Renewable energy, Cryptocurrency, Online shopping, Tencent, Venmo, Pinterest

This new funding brings Flip's total Series B to more than $100 million and follows on the heels of Flip's first Series B round in December 2021 which was co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners.

Key Points: 
  • This new funding brings Flip's total Series B to more than $100 million and follows on the heels of Flip's first Series B round in December 2021 which was co-led by Sequoia Capital India, Insight Partners, and Insignia Ventures Partners.
  • Flip was founded by University of Indonesia alumni Rafi Putra Arriyan, Luqman Sungkar, and Ginanjar Ibnu Solikhin who started building the company while studying.
  • Gita Prihanto, Chief Operating Officer (COO) of Flip, said: "We are humbled to receive trust and continuous support from our investors.
  • In the first half of 2022, Flip increased the size of its team size by 30% to over 400 employees.

Home Flipping Rate And Gross Profits Decline Across U.S. In First Quarter Of 2021

Retrieved on: 
Thursday, June 17, 2021
Finance, Money, Economy, Investment, Flipping, United States housing bubble, Quarter, Rate of return

That amount was down from $71,000 in the fourth quarter of 2020, although still up slightly from $62,000 in the first quarter of last year.

Key Points: 
  • That amount was down from $71,000 in the fourth quarter of 2020, although still up slightly from $62,000 in the first quarter of last year.
  • Homes flipped in the first quarter of 2021 were sold for a median price of $231,500, down 3.9 percent from $241,000 in the fourth quarter of 2020.
  • That marked the first quarterly decrease in typical resale prices since the fourth quarter of 2018 and the largest quarterly decline since the first quarter 2011.
  • Gross flipping return on investment was calculated by dividing the gross flipping profit by the first sale (purchase) price.

Real Estate Innovator Flyhomes Raises $150M in Series C Financing to Accelerate Expansion and Level the Playing Field for Homebuyers Amidst Record-Setting Housing Market

Retrieved on: 
Thursday, June 10, 2021
Other Professional Services, Architecture, Construction & Property, Banking, Professional services, REIT, Other Construction & Property, Residential Building & Real Estate, Cash offer, Open Listings, Flipping

Flyhomes announced its $150 million Series C financing to fuel its growth and build upon its record-setting quarters.

Key Points: 
  • Flyhomes announced its $150 million Series C financing to fuel its growth and build upon its record-setting quarters.
  • The Flyhomes Cash Offer turns buyers into all-cash buyers to give them a competitive edge to win when buying a home.
  • If a Flyhomes Cash Offer buyer has to back out of a transaction, Flyhomes will purchase the home, eliminating uncertainty for the seller.
  • Flyhomes has helped homebuyers close on $2.6 billion worth of homes since launching operations in 2016.

Home Flipping Sales And Profit Margins Both Decline Across U.S. In 2020

Retrieved on: 
Thursday, March 18, 2021
Finance, Money, Economy, Investment, Flipping, United States housing bubble, Rate of return

Homes flipped in 2020 were sold for a median price nationwide of $230,000, with a gross flipping profit of $66,300 above the median original purchase price paid by investors of $163,700.

Key Points: 
  • Homes flipped in 2020 were sold for a median price nationwide of $230,000, with a gross flipping profit of $66,300 above the median original purchase price paid by investors of $163,700.
  • The typical 2020 ROI was off more than 10 percentage points from peaks during the past decade of 51 percent in 2016 and 2017.
  • High-level takeaways from fourth-quarter 2020 data:
    The 51,993 home flips in the fourth quarter of 2020 were completed by 43,929 investors, a ratio of 1.18 flips per investor.
  • Gross flipping return on investment was calculated by dividing the gross flipping profit by the first sale (purchase) price.

Real Estate Mogul Cesar Piña Explores the Wild Side of Success Through New Book; Flipping Keys Shows One Man's Struggle to Becoming Multimillionaire Property Owner

Retrieved on: 
Wednesday, March 3, 2021
Flipping, Investment, United States housing bubble, DJ Envy, WWPR-FM

He, instead, "flipped" his life script away from committing crimes to becoming a multimillionaire real estate mogul and helping others reach financial freedom in his new book "Flipping Keys: Self-Made Real Estate King."

Key Points: 
  • He, instead, "flipped" his life script away from committing crimes to becoming a multimillionaire real estate mogul and helping others reach financial freedom in his new book "Flipping Keys: Self-Made Real Estate King."
  • With a wife and young daughter to support, he had to change his life for the better.
  • Pia partnered with DJ Envy (Power 105.1) in 2018 and started touring creating seminars for people who want to learn the real estate business.
  • He has been featured on The Breakfast Club where he spoke about himself educating others on real estate development, investing & flipping houses.

Buying Is Cheaper Than Renting in a Growing Number of Cities, New Realtor.com® Analysis Finds

Retrieved on: 
Tuesday, March 2, 2021
United States housing bubble, Flipping, Investment, Buying in

Moreover, nine other markets were within 5% of flipping in favor of buying -- Atlanta; Orlando, Fla.; Birmingham, Ala.; Phoenix; Buffalo, N.Y.; Memphis, Tenn.; Washington, D.C.; Las Vegas and Milwaukee.

Key Points: 
  • Moreover, nine other markets were within 5% of flipping in favor of buying -- Atlanta; Orlando, Fla.; Birmingham, Ala.; Phoenix; Buffalo, N.Y.; Memphis, Tenn.; Washington, D.C.; Las Vegas and Milwaukee.
  • "There isn't a one-size-fits-all answer to the question of whether it makes more sense to buy than rent.
  • The monthly cost of buying in these metros dropped 0.2% compared to last year, while rents have risen 4.9% during that same period.
  • The end result is that those who buy in these metros are able to save an average of 11% of their monthly costs compared to renters.

Home Flipping Continues To Decline Across U.S. In Third Quarter Of 2020 But Profits Reach New High

Retrieved on: 
Thursday, December 17, 2020
Finance, Money, Economy, Investment, Flipping, Rate of return

Those transactions represented 5.1 percent of all home sales in the third quarter of 2020, or one in 20 transactions.

Key Points: 
  • Those transactions represented 5.1 percent of all home sales in the third quarter of 2020, or one in 20 transactions.
  • That amount was up from $69,000 in the second quarter of 2020 and from $61,800 in the third quarter of last year.
  • The gross flipping ROI was up from 42.9 percent in the second quarter of 2020 and 40.3 percent a year ago.
  • Gross flipping return on investment was calculated by dividing the gross flipping profit by the first sale (purchase) price.

Phytest and PRTCL Engage Trevelino/Keller to Launch New Lines of Business

Retrieved on: 
Monday, November 30, 2020
Medical Supplies, Public relations, Investor relations, General Health, Health, Marketing, Communications, Fitness & Nutrition, Other Health, Trevelino/Keller, Flipping, Phytest, PRTCL, Trevelino/Keller

Trevelino/Keller , a full-service, digital public relations and marketing firm, announces today two new Atlanta-based client partnerships, with Phytest and PRTCL respectively.

Key Points: 
  • Trevelino/Keller , a full-service, digital public relations and marketing firm, announces today two new Atlanta-based client partnerships, with Phytest and PRTCL respectively.
  • The companys RCM technology is designed to maximize revenue and profitability, streamline billing, and provide visibility into financial performance.
  • For PRTCL, Trevelino/Keller will partner to launch the nations first collection of sports nutrition supplements specifically formulated for women.
  • PRTCL is flipping that model on its head, says Donna Burke, PRTCL brand manager.

Full Time Twitch Streamer and Army Veteran Emery Pan Gives Back to the Community by Sending Troops Home for the Holidays

Retrieved on: 
Wednesday, November 25, 2020
Twitch, Video hosting, Video on demand services, Finance, Money, Flipping, 82nd Airborne Division, Raleigh, North Carolina, 82nd Division, Economy

RALEIGH, N.C., Nov. 25, 2020 /PRNewswire/ -- Army Veteran, Emery Pan, started flipping real estate while on active duty serving in the 82nd Airborne.

Key Points: 
  • RALEIGH, N.C., Nov. 25, 2020 /PRNewswire/ -- Army Veteran, Emery Pan, started flipping real estate while on active duty serving in the 82nd Airborne.
  • Now a civilian, she continues to invest in real estate and expanding her business while supporting her veteran community.
  • Now a full-time Twitch Partner, her community is largely veteran based, finding humor and camaraderie by gaming and battling online demons to distract from internal demons.
  • In the first year, she gave away 8 round trip tickets, with the help of local business sponsorships.

Home Flipping Declines But Profits Rebound Across U.S. In Second Quarter Of 2020

Retrieved on: 
Thursday, September 17, 2020
Investment, Flipping, United States housing bubble

Those transactions represented 6.7 percent of all home sales in the second quarter of 2020, or one in 15 transactions.

Key Points: 
  • Those transactions represented 6.7 percent of all home sales in the second quarter of 2020, or one in 15 transactions.
  • While the home-flipping rate dropped from the first to the second quarter, both profits and profit margins rose.
  • That was up from $63,000 in the first quarter of 2020 and from $61,900 in the second quarter of last year.
  • The gross flipping ROI was up from 38.9 percent in the first quarter of 2020 and 40.4 percent a year earlier.