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☆ A couple that built wealth from 'live-in flips' shares 4 strategies they use to flip homes for a profit, including: Find the 'dumpy house in the great neighborhood'
▼ + stars: | 2024-05-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

A live-in flip, unlike a traditional flip, is when you rehab the home to increase its market value while living there. Related stories"One thing that we have always focused on is finding that dumpy house in the great neighborhood," said Mindy. For example, the Jensens' current live-in flip has a pool. "So no one wanted this house, but it's in a great neighborhood, and it would be very easy to get rid of the pool." Do a 'live-in flip' to avoid capital gains taxThe Jensens prefer 'live-in flips' to traditional flips because it lowers their risk.

Persons: —, Carl, Mindy Jensen, they've, they're, Mindy, There's, Carl Jensen, We're, flipper Organizations: Service, Business, YouTube Locations: The Colorado, Colorado

☆ A financially independent couple that has built wealth doing 7 'live-in flips' has paid zero capital gains taxes on their property sales, thanks to an IRS rule
▼ + stars: | 2024-05-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

"One of our big strategies was 'live-in flip,'" Carl, who retired in his 40s and runs the financial independence blog "1500 Days to Freedom," told Business Insider. The Colorado-based couple is wrapping up their eighth live-in flip, in which they buy a house, rehab it while living there, and then resell it. While they haven't earned more than $500,000 on a flip yet, they could on the sale of their current live-in flip. To avoid paying capital gains taxes, "we're actually considering putting one of our daughters on the title," said Mindy. That way, they'd have three individuals on the title and could shield up to $750,000 from capital gains.

Persons: —, Carl, Mindy Jensen, Jensen, they're, it's, they've, Mindy, we're, they'd Organizations: Service, Business, IRS Locations: Colorado, New York City

☆ A real-estate investor who owns 110 units switched from residential to commercial properties because they make money faster. He shares his strategy for beefing up the cash flow they generate.
▼ + stars: | 2024-03-19 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Like most investors that use the method, he was initially fixing up residential properties and renting them out to tenants. Instead of buying homes to fix up, he started purchasing commercial properties like office buildings, warehouses, and retail spaces. Related storiesThe better a commercial property is, the more rent one can charge for it, which directly impacts its value. In seven of the commercial properties that Craig owns, he said he has a 100% occupancy rate. "I'm just grinding way harder than any commercial real estate broker would ever grind for me because they have 50 or 100 clients."

Persons: —, Adam Craig, it's, Craig, they're, he's Organizations: Service, Business Insider, Business Locations: San Francisco , New York City

☆ A real-estate investor with a 30-unit portfolio shares the exact numbers on a property he rehabbed and rented out near Cleveland — including his monthly expenses and cash flow
▼ + stars: | 2024-03-13 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Read previewThe BRRRR method — that's buy, rehab, rent, refinance, and repeat — has been Adam Craig's bread-and-butter strategy for real-estate investing over the last decade. From $42,500 to $148,000In 2020, Craig purchased a property on the outskirts of Cleveland, Ohio for $42,500, according to a settlement statement. By this point in his investing journey, Craig had excess cash flow coming in from many other properties, which could cover his costs. This also puts first-time investors more at risk, given that they may run into unforeseen repair costs, Craig told Business Insider. "In general, if you're getting a property that's way below market that's a BRRRR property, the risks should be less because you have a lot more wiggle room," he said.

Persons: —, Adam Craig's, He's, Craig, we've, that's, it's, doesn't Organizations: Service, Business Locations: Cleveland , Ohio

But borrowing money always comes with some risks, and home renovation loans can be particularly risky when used to purchase a fixer upper. Renovation loan eligibilityTo get a loan for a house renovation, you'll need to meet certain credit requirements. Cash-out refinances or renovation loans rolled into mortgages are typically the best renovation loan programs because they come with the lowest rates. Home renovation loans FAQsAre renovation loans a good idea? Renovation loans, or home improvement loans, can be a good idea for homeowners looking to make both essential and cosmetic changes to their homes.

Persons: —, It's, Fannie Mae's, Freddie Mac's, you'll, Douglas Boneparth Organizations: Service, Federal Housing Administration, Bone, reno, Chevron

Ken Griffey Jr. and Ozzie Smith have agreed to manage or coach at the May 25 Hall of Fame East-West Classic. The Negro Leagues East-West All-Star Game began at Chicago's Comiskey Park in September 1933, two months after MLB's first All-Star Game at the same ballpark, and was played annually through 1962. Major League Baseball has recognized seven Negro Leagues from 1920-48 as having big league status, but incorporating those numbers has not yet been completed. “As a kid growing up, I thought Negro League baseball was backyard, barnstorming baseball. “That was the first time I really, really, really thought about it, and I was like, damn, I really want to be in the Hall of Fame.

Persons: “, I'm, Ken Griffey Jr, Ozzie Smith, MLB's, Jerry, Scott Hairston, Sam, Ryan Howard, Prince Fielder, David Price, Justin Upton, Curtis Granderson, Dontrelle Willis, Adam Jones, Dexter Fowler, LaTroy Hawkins, Edwin Jackson, Buck O'Neil, Satchel Paige, Josh Gibson, Monte Irvin, Cool Papa Bell, hasn’t, Dave Stewart, ” Sabathia, LeBron James, ”, Jackie Robinson, Josh Rawitch, “ It’s, it’s, Carter, Sabathia Organizations: —, Negro Leagues, of Fame's Doubleday, of Fame East, Black Baseball, Negro Leagues East, Chicago's, Cincinnati, Indianapolis Clowns, Negro American League, Major League Baseball, Negro League baseball, American, of Fame, Cooperstown Locations: Tenn, Cooperstown , New York

Patrick Kane is joining the Detroit Red Wings for the rest of the season, choosing the championship-rich franchise over other suitors for the four-time All-Star's return to the NHL from hip surgery. After the Blackhawks and New York Rangers he joined after a pre-deadline trade, the Red Wings are set to become Kane’s third Original Six team. Kane had similar control as a free agent, letting the market and the first month of the season play out before talking to interested teams. The Red Wings and Blackhawks were longtime, bitter rivals until Detroit was shifted from the Western to the Eastern Conference in 2013 as part of realignment. Kane follows a similar path to the player he's chasing for the U.S. scoring record: Mike Modano, who played 20 seasons for the Minnesota North Stars/Dallas Stars before finishing his career with the Red Wings.

Persons: Patrick Kane, Kane, Ed Jovanovski, Nicklas Backstrom, Jovanovski, Backstrom, Andy Murray, Steve Yzerman’s, Conn Smythe, they've, Tage Thompson, Casey Mittelstadt, Rasmus Dahlin, Owen Power, Mike Modano, ___ Organizations: Detroit Red Wings, NHL, Associated Press, Stanley, Chicago, Detroit, hometown Buffalo Sabres, Toronto Maple Leafs, Eastern Conference, Florida Panthers, Blackhawks, New York Rangers, Wings, Washington Capitals, Atlantic Division, Red Wings, Rangers, U.S . National Team Development, Sabres, U.S, Minnesota North Stars, Dallas Stars Locations: U.S, New Jersey, Buffalo, Detroit, Farmington Hills , Michigan, Plymouth, New York

☆ More Americans can buy investments earmarked for the rich. Why doing so may be risky, say experts
▼ + stars: | 2023-11-25 | by ( Greg Iacurci | ) www.cnbc.com time to read: +7 min

Anyone can generally buy the stock of public companies on a stock exchange, or buy pools of stocks or bonds via publicly available mutual funds and exchange-traded funds. By comparison, private investments let people invest in companies that aren't listed on a public exchange. Julio Estela, 41, who lives in Wantagh, New York, made his largest private investment in 2021, in Green Coffee Company. Why private markets are 'two-tiered'Hxyume | E+ | Getty ImagesSome of the largest U.S. investors, such as pension funds, often have some exposure to private investments, proponents say. As with public stock, betting on one private investment instead of pooling risk in a fund of many private companies is an even riskier strategy, experts said.

Persons: Micah Hauptman, Charles Failla, Cassandra Borchers, Thompson Hine, Borchers, it's, Michael Cembalest, Mike Curtis, Shaka Tea, Julio Estela, he's, Curtis, Estela, Hauptman, Failla Organizations: SEC, Consumer Federation of America, Sovereign Financial Group, Sovereign Financial, Morgan, Wealth Management, Shaka, Green Coffee Company, rehabbing, American Investment Council, Pensions, Cambridge Associates Locations: Honolulu , Hawaii, Wantagh , New York, Hawaii

☆ Tiger Woods: How the battle for golf’s soul gave the US golfer new-found purpose – and human connection
▼ + stars: | 2023-10-25 | by ( Don Riddell | ) edition.cnn.com time to read: +22 min

CBS Archive/Getty Images Woods, 6, sizes up a putt in Los Alamitos, California, in 1982. Getty Images/Getty Images Woods hits a tee shot during the 1995 Walker Cup, an international team event. Alexander Hassenstein/Bongarts/Getty Images Woods plays a shot from the ninth fairway during the 2000 US Open in Pebble Beach, California. David Cannon/Getty Images Woods falls to the ground in pain after hitting a shot at The Barclays in August 2013. Jamie Squire/Getty Images Woods and his son, Charlie, warm up before the final round of the PNC Championship in December 2020.

Persons: Woods, Alan Shipnuck, LIV, ” Shipnuck, ” Bryson DeChambeau, Paul Casey, Crushers, Charles Howell III, Anirban Lahiri, Chris Trotman, “ Tiger’s, “ He’s, he’s, “, “ LIV, Greg Norman, Quentin Tarantino, Brooks Koepka, Koepka, David J, Phillip, Mike Douglas, Bob Hope, Jack D, Miller, AP Woods, Rick Dole, Bob Galbraith, David Cannon, Robert Beck, Patrick Murphy, Nike — Woods, Lennox McLendon, Stephen Munday, Earl, Dave Martin, Alexander Hassenstein, Jonathan Ferrey, He's, Andy Lyons, Allsport, Bob May, Fred Vuich, Jack Nicklaus, Nicklaus, Logan Mock, Bunting, Phil Mickelson, Mickelson, Matthew Stockman, Steve Williams, Harry, Williams, Sam, Damian Dovarganes, Rocco, Gary A, Vasquez, Barack Obama, Pete Souza, Stuart Franklin, Elin, Charlie, Ezra Shaw, Eric Gay, Jimmy Fallon, Lloyd Bishop, Arnold Palmer, Chris Condon, Jason Dufner, Lindsey Vonn, Marco Trovati, Lannis, John Amis, Donald Trump, Getty Images Woods, Warren Little, Jamie Squire, Ben Jared, Wally Skalij, Shutterstock Woods, Tiger, Sam Greenwood, Cliff Hawkins, Jonathan Ernst, they’re, Shipnuck, ‘ I’m, Justin Thomas, I’m, ”, they’ve, what’s, Rory McIlroy, Rory, “ Rory, Bryson DeChambeau, ’, he’d, DeChambeau, “ Patrick Reed, Sergio García, “ Phil Mickelson, HyFlyers, Suhaimi Abdullah, Jay Monahan, Yasir Al, Rumayyan, Phil Mickelson’s, Jamal Khashoggi, Prince Mohammed bin Salman, Prince, Mohammad Bin Salman, Reed, Garcia Organizations: CNN, CNN Sport, PGA Tour, LIV, Miami, PGA, Saudi, Public Investment Fund, CBS, AP, Tiger, US Junior Amateur, Getty, Los Angeles, Tour, Stanford University, NCAA, Nike —, Las Vegas, Green, Army, Tiger Woods Foundation, Ford, British, Woods Learning, USA, Office, Stanford, NBCU, Bank, Bay, Invitational, Barclays, Trump, Getty Images, PNC, Law, Los Angeles Times, PNC Championship, Hall of Fame, Reuters, HyFlyers GC, Sentosa Golf, European, MBS, Fox News, ” CNN Locations: Los Angeles, Saudi, Delaware, Tiger’s, Los Alamitos , California, Vietnamese, Vietnam, Orange, United States, France, Hamburg, Germany, Pebble Beach , California, St . Andrews, Scotland, Louisville , Kentucky, Fort Bragg , North Carolina, Hoylake, England, Anaheim , California, Woods, Dublin , Ohio, Beaver Creek , Colorado, Atlanta, Rancho Palos Verdes , California, Pacific Palisades , California, Singapore, London, McIroy

☆ A 35-year-old real estate investor who bought more than 200 properties using none of his own money shares 5 adjustments investors can make to keep thriving amid the highest mortgage rates in decades
▼ + stars: | 2023-10-07 | by ( Laila Maidan | ) www.businessinsider.com time to read: +7 min

In the past, he recommended investors aim for a positive cash flow of $300 to $500 a month. The new normal could be a monthly cash flow of $100 to $200. Depending on a local bank's risk tolerance, growth strategy, and strength of their books, they can offer competitive rates, Primm said. A few units reserved for mid-terms that are furnished are renting for $2,250 a month: that's a 125% increase in cash flow, he noted. "But if there's enough people and there's enough concentration, there's going to be a fire, there's going to be a tornado, there's going to be something happening all the time."

Persons: it's, Sam Primm, who's, there's, Primm, Lucas Walls, Lucas, arbitrageurs Organizations: Primm, Faster Locations: refinance, St, Louis , Missouri, Primm

☆ The arrival of migrants in big cities is forcing Democrats to change their immigration politics
▼ + stars: | 2023-10-05 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

“The border wall – the money was appropriated for the border wall,” Biden told reporters in the Oval Office on Thursday. JB Pritzker sent a letter to the White House demanding federal coordination to deal with people crossing the border. Pritzker and Johnson both gave White House officials an earful in a hastily arranged conference call late Sunday, according to CNN’s report. CNN reported back in September on the breakdown in the relationship between the White House and New York’s mayor. Earlier this month, CNN spent the night in the Roosevelt Hotel, which closed as a commercial enterprise during the pandemic and now is used to temporarily house migrants.

Persons: Joe Biden, he’s, Donald, Eric Adams –, Biden, Priscilla Alvarez, Biden’s, Alvarez, Read, ” Biden, “, Trump, ”, Brandon Johnson, JB Pritzker, Pritzker, Johnson, Adams, Greg Abbott, Kathy Hochul, they’ve, CNN’s David Culver, ” Read Organizations: CNN, Democratic, – New York, CNN White, Act, Congress, White, Illinois Gov, White House, New York’s, Gallup, Gov, New York Gov Locations: Donald Trump’s, Big, –, Latin America, South Texas, Mexico, Rio Grande, It’s, Alvarez, Eagle Pass , Texas, Chicago, Ecuador, Colombia, New York City, Darien, Panama, New York, Texas . New York, Roosevelt, Venezuela, Haiti, United States, Ciudad Hidalgo, Central

☆ An ex-mortgage underwriter who owns 129 rental units worth over $28 million lists the 3 strategies he used to maximize cash from real estate and grow his portfolio, including the property types he cho
▼ + stars: | 2023-10-01 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

If you're considering short-term rentals, Gerbig recommends doing some market research. He also advised making sure the area has rental-friendly laws that don't restrict short-term rentals. But for the short-term rentals, he pays 20-30% of his gross revenue. Plus, the short-term rentals were requiring more time and work than he wanted to give. Investors have 45 days to identify the next purchase property and six months to close to qualify for the deferral, Gerbig said.

Persons: Chris Gerbig, Gerbig, it's, Gerbig's Locations: Nashville , Tennessee, Nashville

CINCINNATI (AP) — Bengals quarterback Joe Burrow is still day to day with lingering pain from a calf injury, coach Zac Taylor said Thursday. "So giving him some time is best.”Burrow strained his right calf muscle on the second day of on-field workouts in training camp on July 27. Burrow said he “tweaked” the calf injury on the Bengals’ final drive of Sunday's 3-point loss to the Ravens. Just before the start of training camp in 2022, Burrow had an emergency appendectomy. They won the next eight games to finish the regular season and capture the AFC North title for the second straight season.

Persons: Joe Burrow, Zac Taylor, It's, “, ” Taylor, ” Burrow, Burrow, Tee Higgins, Higgins, Jake Browning, Taylor, that’s, you’ve, Jake, ___ Organizations: CINCINNATI, — Bengals, Pro, Los Angeles Rams, Bengals, Ravens, Browns, NFL, Super, Halloween, AFC, Baltimore, Kansas City Chiefs, ___ AP Locations: Cleveland, Cincinnati, Buffalo

☆ A Fashion Show at Anna Delvey’s House? Is That What It Takes?
▼ + stars: | 2023-09-12 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com time to read: +1 min

And she didn’t just lend her (fake) name to the invitation: She lent her address too, co-hosting the event at her East Village walk-up. (Well, until her immigration case is resolved, Ms. Sorokin can’t leave the building.) Actually, it was on the silver-painted tar-papered roof of her East Village walk-up. The show was the brainchild of Kelly Cutrone, a fashion publicist who was the subject of the 2010 Bravo reality show “Kell on Earth.” Ms. Cutrone had invited Ms. Sorokin to team up on a “pop-up P.R. Ms. Sorokin does, after all, have a history in understanding the way fashion could be used to manipulate those around her.

Persons: Anna Delvey, Julia Garner, Shao, Shao Yang, Sorokin can’t, Kelly Cutrone, “ Kell, Ms, Cutrone, Sorokin, ”, “, LaCroix seltzers, Delvey, “ We’re Organizations: Netflix, Bravo Locations: New York, Germany

☆ 3 pivots real-estate investors are making to maximize their cash flows in a tight, high-interest rate market, according to a loan manager
▼ + stars: | 2023-08-16 | by ( Laila Maidan | ) www.businessinsider.com time to read: +6 min

The 30-year fixed mortgage rate was at a whopping 7.07%, and the refinance rate for the same term was at 7.16% as of Tuesday. The pivotLuther said that one alternative property owners are increasingly turning to is midterm rentals, or terms longer than two weeks or 30 days. Luther added that one of the most significant advantages of midterm rentals is having a month-to-month lease with tenants. Investors can also secure the loan under an LLC instead of their names, unlike a 30-year fixed conventional loan, she said. So you should plan on keeping the property for the loan term.

Persons: Suzanne Luther, It's, Luther, we've, they're, Barnes, Louis Children's, there's, aren't, it's Organizations: FasterFunds, Newsweek, Jewish, St, Louis Children's Hospital, Dominion Financial Locations: St, Louis , Missouri

☆ Kim Kardashian reveals she broke her shoulder
▼ + stars: | 2023-08-08 | by ( Marianne Garvey | ) edition.cnn.com time to read: +1 min

CNN —Kim Kardashian is on the mend. The SKIMS creator revealed this week that she had broken her shoulder, but that she is doing better now. “I broke my shoulder and tore the tendon so I’ve been out of the gym for a few weeks but I’m back!” she said in a recent Instagram Story on her verified account. In the story Kardashian was with her trainer, Melissa Alcantara, who was helping her with a recovery workout. In May, Kardashian appeared on the “On Purpose with Jay Shetty” podcast, where she stressed the importance of her workouts.

Persons: CNN — Kim Kardashian, “, I’ve, Kardashian, Melissa Alcantara, ” Kardashian, “ Nothing’s, Jay Shetty, Kanye West Organizations: CNN Locations: Miami, Saint, Chicago

☆ A 55-year-old retired police officer explains how she rebuilt her credit after filing for bankruptcy — and has done over 20 real estate deals, from flips to long-term rentals
▼ + stars: | 2023-07-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +13 min

Still, she's managed to do more than 20 real estate deals, from flips to long-term rentals. Dipping her toe into investing and learning from the 2007 housing market crashStroud's introduction to real estate investing wasn't a smooth one. "My very first real estate interaction was a failed one," she said. "During the 2007 real estate crash, values dipped everywhere but our property didn't dip as low as others did. Courtesy of Brenda StroudLater that year, around December 2020, Stroud took an online real estate investing course for $17 offered by the Women's Real Estate Investors Network (WREIN) after seeing an advertisement on Facebook.

Persons: Brenda Stroud, she's, Stroud, Brandon, She's, she'd, that's, hadn't Organizations: Prince, United, Tuskegee University, Tuskegee, Stroud, Estate Investors, Facebook Locations: Prince George's County, Maryland, Georgia, Stroud, Tuskegee , Alabama, Washington , DC, Fort Washington , Maryland, Baltimore, Snellville , Georgia, Tuskegee, United States, WREIN

☆ Monica Puig: How marathon running stopped former tennis player from descending into a 'big black hole of depression and sadness'
▼ + stars: | 2023-06-13 | by ( George Ramsay | ) edition.cnn.com time to read: +7 min

With tennis, the stakes felt higher when rankings points, global recognition, and prize money were on the line. Puig has swapped tennis rackets for running shoes over the past year. Johnny PaceBut the sense of personal satisfaction she gets from running has endured, helping to ease the lingering pain of her retirement from tennis. As a tennis player, Puig always saw running as a form of punishment – never enjoyment. Now, Puig has also set her sights on competing in triathlons, as well as running the remaining marathon majors in Chicago, Berlin, and Tokyo.

Persons: CNN — Monica Puig, Puig, She’s, I’ve, ” Puig, “ I’ve, Johnny Pace, it’s, ”, I’m, It’s, Lintao Zhang, “, Clive Brunskill Organizations: CNN, CNN Sport, Olympic, Rio – Puerto Rico’s, York City Marathon, Madrid, Games Locations: New York City, Boston, London, “, Rio –, Chicago, Berlin, Tokyo, Augusta , Georgia, Puerto Rico, York, Beijing

☆ A real-estate investor who started with 2 single-family houses and leveraged their debt to scale to over 2,400 rental units shares 4 tips he and his partner used to maximize cash-out refinances to pur
▼ + stars: | 2023-05-18 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

The cash was then used to purchase then next set of investment properties. Whitmore and his now business partner, Joel Thompson, saw a newspaper ad for two run-down single-family houses in Tulsa, Oklahoma. Whitmore scraped the cash from two tax refunds, buying and selling used watches, and an $8,000 loan from his parents. The rental income is used to pay back the loan or mortgage, while the cash is put towards purchasing the next property. But for a $50,000 house, Whitmore says you can spot structural issues just by looking for cracks in the interior walls or in the exterior brick.

☆ A real estate investor with a $36,000 salary scaled to 2,400 rental units after buying 2 run-down, single-family homes with a partner. He shares his top 5 tips for getting started with little cash.
▼ + stars: | 2023-05-14 | by ( Laila Maidan | ) www.businessinsider.com time to read: +9 min

They used this process multiple times until they scaled into multi-family properties. Over the years, he took a light interest in real estate after reading Robert Kiyosaki's "Rich Dad Poor Dad." In May 2003, he came across a newspaper ad for two local single-family houses in Tulsa, Oklahoma. Of those units, 20 were single-family homes and 2,403 were within multi-family complexes, according to property records viewed by Insider. He has since sold most of his properties for profit but still owns three multi-family units that hold 471 rental units.

☆ The CEO of BiggerPockets explains why real-estate investors should have a 'healthy fear' of the market right now — and why they should avoid the once-popular BRRR method entirely
▼ + stars: | 2023-05-02 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Scott Trench is the CEO of real estate investing platform BiggerPockets. BRRR is a way to make quick profits and build up a sizable real estate portfolio, and until recently, market conditions were very favorable for the approach. Interest rates have risen quickly by historic standards, but the fact that rates were going to go up significantly was clear in advance. How to handle today's housing marketWhile the last decade or so was great for renovators and flippers, Trench says real estate investors need to be cautious now. But now that it's much more expensive to borrow money, Trench said that listeners and forum members are looking for other ways to finance their purchases.

☆ 29-year-old quit the NFL to sell Pokémon cards—his business brought in $5 million in just 7 months
▼ + stars: | 2023-02-24 | by ( Megan Sauer | ) www.cnbc.com time to read: +1 min

Before he left football to sell Pokémon cards, ex-NFL linebacker Blake Martinez made millions tackling people. Over the course of his six-year professional career, Martinez amassed more than $28 million in earnings, even co-leading the league in tackles in 2017. He chose the cards, launching his company Blake's Breaks in July 2022 and committing to it full-time in November. Over the past seven months, it's brought in more than $5 million in revenue on collectible reselling platform Whatnot, according to documents reviewed by CNBC Make It. "I think there's more to my success than [my name]," Martinez tells CNBC Make It.

☆ A real-estate investor says a 'perfect storm' of problems put him $27,000 in the hole on a BRRRR project. He shares what spoiled his strategy — and how he's going to adjust when looking for future dea
▼ + stars: | 2023-02-20 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Going forward, he said he's going to give himself more of a time cushion and focus on lighter projects. After getting the certificate of occupancy up-to-date, Suazo had to find a contractor to complete the rehab of the property. Contractors were getting super busy and essentially everything almost doubled in price," Suazo told Insider. He said going forward, he's going to invest in properties that will only require light rehab in order to minimize the risk of the project getting strung out longer than expected. "If the contractor tells you it's going to take three months, you should be prepared for it to take 4-6 months.

☆ The biggest regrets recent homebuyers have, including locations, property types, and unforeseen expenses — and how to avoid them, according to an insurance company.
▼ + stars: | 2023-02-03 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

According to the survey, the two biggest expenses homeowners faced were broken appliances and water damage. To be exact, water damage accounted for 45% of the issues. The average home insurance claim for water damage and freezing is about $11,650, according to iii.org. This is a task you can learn to do yourself by getting familiar with what the early signs of water damage may look like. Another big issue is water heater damage, which can set a homeowner back by $1,000 to $1,500, according to Hippo Home Care.

☆ Matt Gaetz tried playing kingmaker during the House speaker vote after spending 2 years as a political pariah. Republicans say the grandstanding is unlikely to stop.
▼ + stars: | 2023-01-23 | by ( Warren Rojas | ) www.businessinsider.com time to read: +9 min

Republican Rep. Matt Gaetz was a key player in the House speaker vote fight. "I don't think this guy's looking to be a policymaker," the GOP strategist told Insider. Doug Heye, a former House leadership aide turned GOP strategist, said the jury's still very much out on Gaetz's motivations and his endgame. Or, it could be as easy as believing that guy who donned a gas mask to ridicule a House vote on COVID-19 relief is committed to troublemaking. Not a workaholicA former House GOP leadership aide said Gaetz's reputation precedes him on Capitol HIll.

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