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Search resuls for: "Anne Curry"


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So when she heard about a particular tax strategy on a podcast about two years ago, it surprised her that she'd never come across it. Cost segregation. According to Rocket Mortgage, a cost segregation study takes about a month or two to complete. AdvertisementIt's also worth keeping in mind the rules around cost segregation from the Tax Cuts and Jobs Act of 2017. AdvertisementThen there's the cost of a cost segregation study.
Persons: Anne Curry, she's, hasn't, she'd, Curry, Bernard Reisz, you've, Reisz, It's, it's, , there's, I'm, who's Organizations: Service, Rocket Mortgage, Internal Revenue Service, Business, CPA Locations: New York City
So when she heard about a particular tax strategy on a podcast two years ago, it surprised her that she'd never come across it. Cost segregation. According to Rocket Mortgage, a cost segregation study takes about a month or two to complete. It's also worth keeping in mind the rules around cost segregation from the Tax Cuts and Jobs Act of 2017. Then there's the cost of a cost segregation study.
Persons: Anne Curry, she's, hasn't, she'd, Curry, Bernard Reisz, you've, Reisz, It's, it's, , there's, I'm, who's Organizations: Rocket Mortgage, Internal Revenue Service, CPA Locations: New York City
He's still bullish on real-estate investing as a strategy to build wealth. But he's taking a buy-and-hold approach right now, and not taking out risky loans. It's hard to imagine anyone who hails the virtues of real-estate investing more than Brandon Turner. He again sang the praises of real-estate investing as a method for building generational wealth, and brushed off calls for a housing market crash that have grown louder since last year. But that's not to say Turner is particularly bullish on every investing approach right now.
Persons: Brandon Turner, He's, Turner, David Greene, that's, Skylar Olsen, Anne Curry, Morgan Stanley's Ellen Zentner, Ray Farris, Ian Shepherdson Organizations: Credit
Dave Wieland's wealth-management firm Realized works primarily with older real-estate investors who are ready to cash out of the properties they've owned for decades. The portfolio values of his clients differ — some are worth a couple million, while some total $15 million, Wieland said. But the common thread between all of them is that they're mom-and-pop, individual investors who work normal jobs: plumbers, used car salesmen, lawyers. Many of them have also used the same strategy over the years to scale up their portfolios, Wieland said. Work, work, work.
Today we're talking energy — and I'm sharing a conversation with a leading expert on Russian diesel flows. Phil Rosen: You shared some data on how Brazil is seeing a dramatic uptick in Russian diesel imports, and a decrease in diesel imports from other sources, including the US. It really does appear that Russian diesel is muscling in on US market share in Brazil. How does this data on Brazil's diesel imports fit into the broader picture with China and India? Russian diesel is displacing traditional suppliers to these countries, while trade flows are changing to backfill the loss of Russian diesel into Europe.
Anne Curry has a sizable real-estate portfolio of 311 units, much of it consisting of multifamily properties. But there's a recession-proof route that Curry and other landlords take: rent to low-income tenants with a voucher for rent, also known as Section 8 recipients. "If you were going to rent a unit out for, let's say $1,800, just market rate, to anyone...to get highest market rent, sometimes you need to do more on the remodel," she said. "Section 8 pays around market regardless of whether everything is completely rehabbed like you would if you were going to try to get highest market rent." Curry also recently discovered that there are grants for affordable housing landlords to update properties that are below living standards.
A much better strategy to scale up in today's market is house hacking, Curry said. When Anne Curry started to build her 311-unit portfolio in the late 1990s, she turned to hard money lenders. Curry also said it offers investors to maximize cash flow and the chance to scale up. "Buy something that your mortgage payment is such where you could rent it out for that much, or maybe a little more," she said. The total mortgage payment for the property is about $3,000 per month she said, and he's able to charge $1,800 for the one unit and $900 for the bedroom.
That brings us to today's main story — economists say the official data coming out of Russia isn't painting an accurate picture of Putin's wartime economy. "These are the things that businesses deliver and consumers purchase in an economy, and they have been absorbing the impact. Our tracker shows a contraction of the Russian economy ahead of the official figures release precisely because we use high-frequency indicators from the private economy." Vehicle sales, imports, credit growth, home prices, and other measures all point to a much less robust regime since Vladimir Putin's war on Ukraine began. These four charts tell the story of how war has reshaped Russia over the last year.
Anne Curry started her real-estate investing journey in 1997. She laid out for Insider in detail the method she used to scale up, starting with hard-money lenders. By the time they were ready to move out, the property had just about doubled in value to $124,000, Curry said. According to property tax documents viewed by Insider, she now owns a 59-unit property, a 30-unit property, an 14-unit property, and two 12-unit properties, as well as several smaller multifamily properties. Curry said the property was a good deal because big commercial real-estate investing firms weren't interested because it was considered affordable housing.
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