REI INK

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John Beacham of Toorak Capital Partners Named an Entrepreneur of the Year® 2022 New Jersey Award Winner by EY

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Toorak Capital Partners, Inc. (“Toorak”), a leading capital provider to the residential real estate lending industry, announced that John Beacham, its Founder and CEO, has been named an Entrepreneur Of The Year® 2022 New Jersey Award winner by  Ernst & Young LLP (EY US). Entrepreneur Of The Year is one of the preeminent competitive business awards recognizing leaders of high-growth companies who think big to succeed. An independent panel of

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WORD OF THE DAY: Deontology

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[dee-on-TALL-oh-jee] Part of speech: noun Origin: Greek, early 19th century Definition: A theory of ethics that establishes rules of right and wrong actions; the study of determining the right way to live life, based on duty and moral obligation Examples of Deontology in a sentence “After studying deontology in her Intro to Philosophy class she became obsessed with creating rules for her roommates to follow.” “The Golden Rule is one of the most basic

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What are the Most Popular Real Estate Listing Photos? New HomeJab Study Reveals the Answers

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A new study of real estate photography data from HomeJab finds that the most popular real estate listing photo is not the home’s front exterior. Instead, bedroom photos were ranked first, barely nudging out kitchen photos. Front exterior shots placed a distant fifth. HomeJab, which provides real estate agents on-demand professional real estate photography and other visual production services in all 50 states, partnered with Artificial Intelligence firm Restb.ai to study more than 14,000 photos of homes for

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HOME FLIPPING SPIKES ACROSS U.S. IN FIRST QUARTER OF 2022 BUT PROFITS DROP TO 13-YEAR LOW

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Nationwide Home-Flipping Rate Jumps to Highest Level This Century;Raw Profits on Home Flips Increase for First Time Since 2020;But Typical Profit Margins on Flips Decline Again, to Lowest Point Since 2009 ATTOM, a leading curator of real estate data nationwide for land and property data, released its first-quarter 2022 U.S. Home Flipping Report showing that 114,706 single-family houses and condominiums in the United States were flipped in the first quarter. Those transactions represented 9.6

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REI INK and RCN CAPITAL LAUNCH PODCAST SERIES

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REI INK Magazine, a business publication for real estate investors, and RCN Capital, a leading nationwide private lender specializing in financing for real estate investors, have announced the official launch of their collaborative podcast, Uncontested Investing, with the first episode airing on Tuesday, June 21st, 2022. The Uncontested Investing Podcast, presented by REI INK and sponsored by RCN Capital, will be hosted by RCN’s Executive Director, Tim Herriage and feature

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WORD OF THE DAY: Monopsony

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[mə-NAHP-sə-nee] Part of speech: noun Origin: Greek, 1930s Definition: (Economics) A market situation in which there is only one buyer. Examples of Monopsony in a sentence “The conglomerate used questionable tactics to create this monopsony.” “Is Amazon a monopsony in the goods market?” About Monopsony This word stems from the Greek suffix “mono-” meaning “one” and the Greek “opsōnein,” meaning “buy provisions.” Did you Know? “Monopsony” can be easily mistaken with “monopoly,” but they have

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