Homie Scholarship recipients pose with Homie co-founder Mike Peregrina
Oct. 26, 2021
Mike Peregrina meets with inaugural recipients during homecoming weekend

 

Recipient of the 2021 Alumnus of the Year award from the Lee Business School at the University of Nevada, Las Vegas (UNLV) and Co-founder/President of the tech-based real estate company Homie, Mike Peregrina recently met with the inaugural recipients of the company’s scholarship fund for UNLV business students. He also announced that the fund will be extended for another year.

“It was a great honor to meet the students who are pursuing their education thanks in part to the Homie Scholarship Fund,” said Peregrina. “I have said it before…education is a great equalizer. With a good education, a useful skill set, and a dedicated work ethic, anyone can achieve their dreams. My UNLV business degree enabled me to start Homie to make homeownership easy, affordable, and accessible to all. I am very proud to extend the scholarship to continue to help the next generation of business leaders at UNLV.”

At a luncheon with the students, Peregrina heard the students’ individual stories and motivations, and he emphasized “do good and you will do well” relating to his experience that good things happen to those who do good. He also discussed the journey of building a business, including how it is hard and that is why a mission is so important to help “illuminate the path.”

“As a Pacific Islander who falls below the poverty level, I refuse the idea that a quality higher education is out of reach for me and others like me,” said John David Apatang Reyes, a scholarship recipient. “I am humbled to receive the Homie Scholarship because it gives me hope that others can chase their dreams like me.”

The Homie Scholarship Fund will again offer ten scholarships of $1,000 to be awarded by the Lee School of Business to full- or part-time students pursuing a major in the College of Business. To be eligible, students must be sophomores, juniors, or seniors with a GPA of 3.2 or higher and submit an essay by February 2022 outlining how funds will help them overcome barriers to graduation.

"Not only has Mike found a way to innovate in the real estate industry that is making it easier and more affordable to buy and sell a home, but he has also made it a priority to help the next generation of professionals get their degree at UNLV," said Gerry Sanders, dean of Lee Business School. "It's because of his example and generosity that our students will have more opportunities and for that we are grateful."

Peregrina graduated from Bonanza High School in Las Vegas and attended UNLV where he studied architecture and ultimately received his Bachelor of Science in Business Administration (BSBA) degree in Finance in 2012. While living in Las Vegas, Peregrina invested in an extensive portfolio of single-family homes. Unfortunately, due to market conditions and bad advice, he lost everything in the housing crash of 2008. A defining life experience, he saw first-hand that incentives in real estate were grossly misaligned and it was time for a fundamental change in how real estate is bought and sold. As a result, he started Homie to revolutionize real estate just as Lyft and Uber transformed transportation. Since launching in 2015, Homie has saved consumers more than $100 million in commissions, has grown to five states, and has over 400 employees.