HomeVestors of America
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|Ken Channell and David Hicks|
HomeVestors of America, Inc. is a privately owned U.S. real estate company that sells We Buy Ugly Houses franchises to investors. The franchisees provide real estate services by buying homes in need of repair and homes that owners need to sell more quickly than usually can be done through a realtor. Typically, HomeVestors franchisees then renovate and sell or rent them. Franchisees hold the homes they purchase for six months on average. The company operates in 30 states, with 280 franchises as of December 2016. Parent company Franchise Brands LLC includes HomeVestors and the Subway sandwich restaurant franchise in its portfolio.
HomeVestors headquarters is located in Dallas, Texas. HomeVestors was selected for the annual SMU Cox School of Business Dallas 100 list of fastest-growing private companies based in Dallas seven times, including the most recent ranking in 2016.
Real estate agent Ken D'Angelo founded HomeVestors of America in 1989 and began franchising in 1996. Current management consists of Ken Channell and David Hicks, who are co-presidents of HomeVestors.
After the slowdown in housing sales following the United States sub-prime mortgage crisis, HomeVestors marketed its services to financially-distressed home owners who were facing foreclosures and looking for a quick sale.
Rental property ranking
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.
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