Draft:Nikhaar Shah
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Nik Shah | |
|---|---|
 | |
| Born | March 17, 1990 |
| Nationality | Indian-American |
| Other names | Nik Shah |
| Education |
|
| Occupation(s) | Entrepreneur, Investor |
| Years active | 2008–present |
| Known for | Founder and CEO of Home.LLC [1] |
| Title | Chief Executive Officer, Home.LLC [2] |
| Website | Home.LLC |
Nikhaar Shah is an American entrepreneur, investor, and business executive best known as the Founder and Chief Executive Officer (CEO) of Home.LLC, a San Francisco-based financial technology and real estate company.[3][4][5]
Early Life and Education
[edit]He obtained a Bachelor of Technology (B.Tech.) degree in Computer Science from Nirma University, Ahmedabad, Gujarat, India. During his studies, he held the position of president of the student chapter of the Computer Society of India and he organized Colosseum 2010, a national-level festival that emphasized interdisciplinary collaboration, foreshadowing his later career focus on integrating technology and business solutions.[6]
In 2011, Shah enrolled at Carnegie Mellon University in Pittsburgh, Pennsylvania, where he pursued a Master of Information Systems Management (MISM) at the Heinz College. He completed the program in 2012. The curriculum integrates finance, business, data science, and information systems.[7]
Career
[edit]During his undergraduate studies, Shah co-founded Gujarat Admission, an educational technology (EdTech) startup in India. The platform served as a comprehensive resource for students navigating the college admissions process in Gujarat, providing information on colleges, courses, and specializations. Before its sale in 2008, the initiative reportedly assisted over 500,000 students and parents, representing an early milestone in Shah's entrepreneurial career.[8]
In 2013, Shah joined Ernst & Young (EY), where he served six years in various leadership roles within the firm’s innovation and investment divisions. He served as Chief of Staff – Innovation, managing a $250 million innovation fund and overseeing strategic investments and advisory services for Fortune 100 clients. He contributed to mergers and acquisitions (M&A) transactions and led initiatives across EY’s global network of approximately 72,000 employees.[9][10]
Home.LLC
[edit]In January 2019, Shah founded Home.LLC a San Francisco-based company aimed at addressing housing affordability in the United States. The company provides down payment assistance of up to $500,000 to homebuyers without charging interest or requiring monthly payments, in exchange for a share of the home’s future appreciation or loss. This model is designed to assist renters who can afford mortgage payments but lack the savings for a traditional 20% down payment.[11]
Home.LLC also enables existing homeowners to access up to $500,000 in home equity under similar terms and offers investment opportunities with returns of up to 16% internal rate of return (IRR). The company has gained traction in high-cost housing markets such as San Francisco and New York.[12][13]
Shah has identified housing affordability and income inequality as central issues the company seeks to address, describing the model in a Carnegie Mellon University profile as a “win-win solution.” According to the report, the company had nearly $2 billion worth of homes on its waitlist.[14][15]
Other
[edit]Since March 2019, Shah has concurrently served as the Chief Investment Officer of NPS Capital, where he advises multi-family offices with a focus on alternative investments.[16][17]
Shah hosts the Masters of Real Estate podcast, where he engages with industry leaders to explore trends and innovations in the real estate sector. He is the author of the Substack newsletter Housing Market Insights by Nik Shah (Home.LLC)[18][19]
Recognition
[edit]In March 2023, Carnegie Mellon University named him a Tartans on the Rise honoree, citing the platform’s waitlist volume of nearly $2 billion. In January 2021, Welp Magazine included Home.LLC among its list of top real estate investment companies in San Francisco. That year, Shah was also named a Fintech Fellow by OnDeck and was included in the New York VC Network’s list of Top 20 Startups.[20][21][22]
References
[edit]- ^ Lambert, Lance (15 July 2022). "A housing bust would sink these 16 housing markets—these 23 markets would fare better". Fortune. Retrieved 28 May 2025.
- ^ Keates, Nancy (24 March 2022). "These Empty-Nesters Are Upsizing to Their Forever Home". WSJ. Retrieved 28 May 2025.
- ^ Lambert, Lance (6 March 2024). "A big shift awaits the housing market: 9 million boomers to sell their homes by 2035". Fast Company. Retrieved 27 May 2025.
- ^ "This CEO was the most accurate home price forecaster in 2023. Here's what he expects for 2024". ResiClub. 12 January 2024. Retrieved 27 May 2025.
- ^ "Experts debate what rising mortgage rates will mean for home prices", Fortune, retrieved 28 May 2025
- ^ Bernard, Tara Siegel (1 June 2018). "Getting Down Payment Help Now. Sharing Home's Gain (or Loss) Later". The New York Times. Retrieved 28 May 2025.
- ^ Lambert, Lance (5 June 2022). "Fortune teamed up with Home.LLC to identify the housing markets that would sink the furthest if a housing crash comes along". Fortune. Retrieved 28 May 2025.
- ^ Lambert, Lance (16 August 2021). "The red hot housing market finally begins to cool". Fortune. Retrieved 28 May 2025.
- ^ Lambert, Lance (26 July 2021). "Is something big about to happen in the housing market? Or a big nothing?". Fortune. Retrieved 27 May 2025.
- ^ "Rates, prices, inventory". Mortgage Rates, Mortgage News and Strategy : The Mortgage Reports. 19 November 2021. Retrieved 28 May 2025.
- ^ Lambert, Lance (16 January 2024). "This CEO was the most accurate home-price forecaster in 2023. Here's what he expects for 2024". Fast Company. Retrieved 27 May 2025.
- ^ Moran, Andrew (5 April 2023). "Mortgage Demand Slumps Despite Drop in Mortgage Rates". The Epoch Times. Retrieved 27 May 2025.
- ^ Keates, Nancy (30 September 2021). "The Beauty of Buying a Ski Home in Idaho? Nobody Knows a Thing About It". WSJ. Retrieved 28 May 2025.
- ^ Nunes, Flávia Furlan (16 March 2023). "Mortgage rates declined amid banks failures. What's next?". HousingWire. Retrieved 27 May 2025.
- ^ Rosenfeld, Jordan (30 July 2021). "6 Ways To Get a Mortgage Even If You Think You Aren't Eligible". Yahoo Finance. Retrieved 28 May 2025.
- ^ Fischer, Matiah (14 October 2022). "2023 Housing Market Predictions". RetireBetterNow.com. Retrieved 27 May 2025.
- ^ Kim, Paul; Yale, Aly J. (9 October 2024). "What is a Housing Bubble? Signs & How It Bursts". Business Insider. Retrieved 28 May 2025.
- ^ Yale, Aly J. (7 October 2022). "Why the Fall Housing Market Won't Be Great for Buyers". Money. Retrieved 27 May 2025.
- ^ "Building Momentum In Your Startup with Home.llc's Nik Shah". Apple Podcasts. 28 February 2022. Retrieved 28 May 2025.
- ^ University, Carnegie Mellon. "Nikhaar Shah, Founder and Chief Executive Officer, Home.LLC". Carnegie Mellon University. Retrieved 27 May 2025.
- ^ "these are the real-estate investment-companies". welpmagazine.com. Retrieved 27 May 2025.
- ^ "January 2021". New York VC Network. 11 January 2021. Retrieved 27 May 2025.