this article appears to have a close connection with its subject . it may require cleanup to comply with wikipedia s content policies particularly neutral point of view . please discuss further on the talk page . october 2016 learn how and when to remove this template message homevestors of america type franchise industry real estate headquarters dallas key people ken channell and david hicks website http www.homevestors.com homevestors franchise wfi properties of houston wins award at 2009 homevestors annual convention . homevestors of america inc. is a privately owned u.s. real estate franchise company that sells franchises to investors 1 who provide real estate services by buying homes in need of repair and homes that owners need to sell more quickly and easily than typically can be done via a realtor . homevestors franchisees then typically renovate and sell them or rent them . 2 founded in 1989 and franchising since 1996 3 the company consists of more than 600 independently owned 4 and operated franchises located in 49 states . 5 acting on approximately 160 000 leads franchisees buy an average of 8 000 homes within a year holding them about six months on average . 6 headquartered in dallas texas homevestors is the largest homebuyer in the united states . 7 homevestors was ranked on entrepreneur magazine s franchise 500 8 for five consecutive years ; ranked on entrepreneur magazine s fastest growing franchises 9 list for four consecutive years ; and ranked on the smu cox school of business dallas 100 10 fastest growing private companies based in dallas for four consecutive years . additionally homevestors was named to the franchise business review top 50 franchises 11 for the fifth consecutive year in 2010 and has received eight consecutive top 50 franchise satisfaction award s by franchisebusiness review . contents 1 history 2 best markets to invest in rental property 3 mortgage crisis 4 corporate sponsorships 5 references 6 external links history edit real estate agent ken d angelo founded homevestors of america and began franchising in 1996 . based in dallas the company buys houses in need of repairs or updates then repairs and sells them for profit . some home sellers will sell their houses at a wholesale price if they get a cash offer can close quickly and can sell the house without any repair or updating expenses . the current management consists of ken channell and david hicks who are co presidents of homevestors . 12 best markets to invest in rental property edit homevestors maintains a set of best markets to invest in rental property rankings launched in july 2011 to forecast the expected performance of rental real estate particularly single family homes . the intention is to allow real estate investors to accurately gauge local markets and how they relate to the national and international ones . 13 mortgage crisis edit with the slowdown in housing sales which homevestors has helped the real estate market by buying homes from distressed owners who are facing foreclosures . 14 according to the economist one in four american borrowers are under water . over 4m households owe at least twice as much as their home is worth . the resulting foreclosures cause a lot of damage . when homes are foreclosed upon and sold by lenders the discount rises to 35 % largely because the property is not being maintained . the steep drop in price harms other homeowners . the values of neighboring houses are pushed down forcing other borrowers deeper under water . 15 additionally some 5m homes have entered foreclosure in the past three years . credit suisse estimates that over 9m more will enter in the process in the next four years . in normal times new foreclosures run at fewer than 1m a year . 16 with the recent mortgage crisis a lot of homeowners have to get out of real estate quickly as prices and equity go down . 17 many of the sellers are looking for a quick sale . homevestors franchisees attempt the understand the specific situation facing each seller and offer a price that will address the seller s needs and leave room for the cost of needed repairs and a profit . this service benefits people who lack the time or inclination to fix up and sell a home themselves as well as the surrounding homes and community . 18 corporate sponsorships edit homevestors is the corporate sponsor of rebuilding together a washington d.c. based non profit group that preserves affordable homeownership and revitalizes communities by providing critical home repair and modification services to those in need at no cost to homeowners . 19 references edit palmeri chris january 25 2006 . who buys those ugly houses . bloomberg businessweek . gibson richard . companies offer innovative incentives to lure franchisees as competition grows wall street journal august 26 2008 straub anne . ugly house guys buy fixer uppers usa today september 29 2003 http www.homevestors.com about us june 02 2015 http www.homevestors.com about us steiner christopher . diamonds in the rough forbes october 3 2005 bernstein fred a. pretty profits from ugly houses new york times february 19 2006 entrepreneur magazine 2001 2008 entrepreneur magazine 2004 2008 smu cox school of business 2006 2009 franchise business review 2006 2010 http www.entrepreneur.com franchises homevestorsofamericainc 282436 0.html timiraos nick . the top markets for rental home investors wall street journal july 11 2011 hagerty james r. slower home sales open up a market for some investors wall street journal may 30 2006 drowning or waiving the economist october 21 2010 can t pay or won t pay the economist february 19 2009 steiner christopher . diamonds in the rough forbes october 3 2005 haas joseph . for sale by investor realtor january 1 2004 franchising world february 1 2006 external links edit official company website the top markets for rental home investors the wall street journal july 11 2011 retrieved from https en.wikipedia.org w index.php title homevestors of america & oldid 744039860 categories franchisesreal estate services companies of the united statescompanies based in dallasamerican companies established in 1989hidden categories wikipedia articles with possible conflicts of interest from october 2016all articles with specifically marked weasel worded phrasesarticles with specifically marked weasel worded phrases from october 2016 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 12 october 2016 at 19 01 . text is available 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