How To Get Rich In Real Estate Without Buying A Ton Of Property
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Patrick Zalupski took a big hit investing in condos just before the Great Recession. So he tried a new tactic designed to minimize his risk and weather economic downturns and now he s a billionaire.
Inside Bella Collina, a gated community near Orlando, Florida, three lots sit ready for their homes. The mock-ups are nearly identical: 3,076 square feet, five bedrooms and 3.5 baths, featuring quartz countertops, a tile roof and double vanities in the master bathroom. “It’s truly all the parts and pieces and components that you put in a house that make it appealing,” says Patrick Zalupski, founder and CEO of Dream Finders Homes, which owns the lots. An interested buyer could put money down tomorrow and move in as early as September.
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KB Home (NYSE: KBH) and
D.R. Horton, Inc. (NYSE: DHI).
Thumbs Up On KB Home: Deepa Raghavan, senior equity analyst, initiated coverage of KB Home with an Overweight rating and $55 price target.
“The company is a vastly improved version vs the past few years,” the analyst said.
“KBH now holds a top 5 market share position in more than two-thirds of its markets (vs. half in 2015).”
She praised KB Homes’ combination of revenue growth, a margin expansion potential that s “not dependent on macros” and strong return on equity expansion prospects.
The company addressed lingering issues that previously kept it from reaching a greater potential, Raghavan said.