Startup Allows Home Owners to Tap Equity Without Going Into Debt

Carolyn Said writes for the San Francisco Chronicle about San Francisco-based startup Rex & Co. - short for Real Estate and Equity Exchange. Rex allows home owners to sell a share of the future appreciation potential in their homes in exchange for an immediate cash payment to the home owner. According to the companay, "the REX Agreement is not a loan, but a real estate investment agreement in the form of a purchase option. It gives homeowners a portion of their home’s equity in cash today—in exchange for the right of REX & Co. to share in a specified percentage of the future increase or decrease in the home’s value."