Our Story
Byron got his start in real estate working for his father cleaning his paint brushes in 1975. By the time he was 14 years old he had his own crew. Byron’s first “flip” was in 1983 with him working as the contractor for some investors who knew his father and saw the entrepreneurial spirit in Byron. They had purchased a 100 year old house in downtown Omaha that had all sorts of problems, each of which were addressed in due time. The first Applegate Homes flip was technically in Orem Utah in 1991 while Byron was a full-time student and newly married man. The property was a HUD home and Byron worked and lived in it for 18 months.
Licensure
In 1996, Byron Applegate became a licensed contractor in Arizona. He worked on foreclosures and bought his first three short sales in 1998 and continued working in construction. In 2011, Byron saw an opportunity to capitalize on the recovering economy and Arizona’s growing popularity so he became a licensed realtor and started buying houses as an investor who could represent himself in transactions. He was one of 5 agents who helped start a market experiment for Blackstone to see if institutions could buy up residential houses and keep them as rentals to create a whole new asset class for Wall Street. That project (Invitation Homes) now owns over 80,000 houses and is the largest owner of single family homes in America. Byron helped them get over 1000 in the very beginning.
Building a Family Business
Byron and his team have purchased, fixed up, and sold hundreds of houses in the Phoenix area and another 100+ in other cities across the country. Applegate Homes Realty has sold over 1,000 houses to other investors in the Phoenix area. Byron’s brother Spencer is the CEO and co-founder of K10 Companies who does all of Applegate Homes Realty‘ construction as well as the work for every large hedge fund operation in AZ. Byron’s son Hunter is a superintendent for Spencer and manages each of Applegate Homes Realty‘ jobs. Byron’s other son Ryker oversees operations and heads up the acquisitions for Applegate Homes.
Contact Us
Ready to take the next step? Reach out to Applegate Homes Realty today at (480) 637-3157 or submit your information online and let us show you how selling your home can be a smooth and profitable experience. We look forward to assisting you in achieving your real estate goals and continuing to serve the wonderful community of greater Phoenix.
Thank you for considering Applegate Homes Realty as your trusted cash homebuyer. We’re here to make your home-selling journey a success!