Kip Adkins holds a bachelor of science from Pepperdine University. Kip has been in Mortgage Banking since 1996. His career began at Wolf and Richards, a mortgage banking law firm, where he executed unlawful detainers for REO servicers. From 1998 to 2003, he served as an Asset Manager for GMAC/ Homecomings and worked a national portfolio of REO liquidations. In November of 2003, Kip sought new opportunities as an Asset Manager at AMC Mortgage Services (fka Ameriquest).
Recognized for his work ethic and knowledge, he was quickly promoted to the position of REO Manager in 2005. In late 2006, his experience and expertise allowed him to easily make the transition to AMC’S Loss Mitigation Department managing a special unit, dedicated to reducing the foreclosure rate. By 2007, Kip was ready to start his own brokerage firm selling REO properties in Southern California. In a short time, he has earned the respect of his peers and had gained brand recognition for his company, Aegis Realty. His experience in all facets of loan servicing offers a keen understanding of the industry’s needs.
Being an REO Broker allowed Kip to recognize the market trends and capitalize on real estate purchase opportunities for resale with profit. While limited in purchase to non-affiliated business partners’ REO inventory, there were plenty of real estate owned purchase opportunities and throughout the years, along with business partners, he helped facilitate and sell over $30,000,000 in real estate flips.
As the investment opportunities flourished so grew the number if new real estate investors in the market place, many of whom utilized hard money leverage as a “cheap partner”. These new investors had developed intricate processes, many with full time employees and contractors dedicated to shortening the process; with economies of scale they were making profits on large numbers of investments at a time. It became clear that the competition was fierce and to remain competitive in this evolving world of real estate investing Kip and his business partners would need to develop a more stream line process or be forced out of the investment world. Instead of competing with these investors Kip and his partners adapted to the market needs and developed a process to lend to the investment community, thus allowing for passive returns on capital without managing the purchase, rehab and resell process, passing the risks to the investors with a secured investment in real estate, with a comfortable protective equity position, as collateral.
