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Chris Gerbig - 4 Matthew Tortoriello - 2 Tortoriello - 2 Gerbig - 2 he's - 2 They've - 1 who's - 1 they'll - 1
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Search resuls for: "Gerbig"


8 mentions found


☆ A real-estate investor who owns over 700 rental units shares the secret to getting a 5% interest rate, and says most people don't realize this option exists
  + stars: | 2023-11-08 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +8 min
Luckily, there are ways around the bank, one of which is seller financing, a process that makes the seller also the lender. But if he had to turn to the bank, it would have decreased the property's net profit because of high interest rates. Seller financing isn't common, though it is a more alluring choice when interest rates rise. "People don't think of the strategy because so many people have been used to the low interest rates. When offering an interest rate, start low because it's likely the seller will counter but not low enough that it insults them.
Persons: Matthew Tortoriello, Tortoriello, They've, Chris Gerbig, who's, they'll, Shmuel Shayowitz, Shayowitz Organizations: Public Locations: Holyoke , Massachusetts, Chicopee , Massachusetts
☆ 5 tips on how to buy property in a high-interest-rate environment from 5 real-estate investors who started with little or no money down
  + stars: | 2023-10-17 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +8 min
The average 30-year fixed mortgage rate hit a whopping 7.43% on Monday, a level unseen in the US in almost two decades. That same setup would cost $2,222 a month with today's mortgage rate. Regardless of which direction the pendulum swings, investors can still navigate their way through the housing market with a few tips. If a buyer were to purchase it today, with a 20% down payment, monthly mortgage costs would be $3,350, according to Insider's mortgage calculator. He then secured the remainder of $910,000 from a bank at an interest rate of 6.5%.
Persons: Sam Primm, Lucas Walls, Primm, there's, Sharon Tseung, Tseung, Chris Gerbig, couldn't, Gerbig, he's, Matthew Tortoriello, Tortoriello, Ana Snider Organizations: Primm, San Francisco Bay Area, MLS, Federal Housing Administration, Department of Veteran Affairs, Department of Agriculture Locations: Primm, San Francisco Bay, Jacksonville , Florida, Lemoore , California
☆ 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
☆ An ex-mortgage underwriter who owns 129 rental units worth over $28 million shares 3 ways to buy property with little or no money down. — Plus 3 calculations he uses to find a cash-flowing property.
  + stars: | 2023-09-16 | by ( Laila Maidan | ) www.businessinsider.com   time to read: +7 min
To date, he has amassed 28 single- and multi-family homes that were worth over $28 million at their time of purchase. This is when the seller provides the loan, allowing the buyer to skip the bank and instead give the monthly payment with interest to the seller. In this instance, the lender will provide the down payment in exchange for either equity in the deal or monthly payments over time. If he has an $8,000 return, he must deduct $5,000 on mortgage payments. He determines this by dividing the total monthly operating costs, including utilities, maintenance, property taxes, home insurance, and property management fees (not including mortgage payments) by the total monthly income.
Persons: Chris Gerbig, Tori Gerbig, Pink Lily, Chris, Chris didn't, he's, you'll, they've Organizations: eBay, Bank of America, Housing Administration, National Association of Realtors, Loan Locations: Wells Fargo, Kentucky
☆ How an eBay side hustle became a multi-million dollar business
  + stars: | 2023-05-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow an eBay side hustle became a multi-million dollar businessHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC. Tori Gerbig, Pink Lily founder, joins the show to discuss her eBay side hustle.
☆ How to start an online fashion store, from a Kentucky couple whose e-commerce business earned $65 million brand
  + stars: | 2023-01-11 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com   time to read: +9 min
Tori and Chris Gerbig launched Pink Lily, an online women's fashion store, in 2014 as a side hustle. In May 2021, the $65 million brand averaged 11,000 products sold on its site a day. "The easiest way that we've built up the brand is because I am a customer of the brand," Tori said. More recently, Pink Lily has benefitted from viral moments on TikTok with styling tips and influencer content. Buying out a style makes it a Pink Lily exclusiveIn May 2021, Pink Lily averaged 11,000 products sold on its site a day, which Insider confirmed through documentation.
☆ Leaving the U.S. for Bali, why NYC rent is out of control, and more: The 5 most popular videos of 2022
  + stars: | 2022-12-15 | by ( Jessica Leibowitz | ) www.cnbc.com   time to read: +2 min
Why Rent In NYC Is Out of Control Right Nowhttps://www.youtube.com/watch?v=c7tgsUv3UlU Rent in New York City is at an all-time high. The median asking rent in Manhattan reached $4,100 in June 2022. CNBC Make It spoke to three New Yorkers whose rent increased by up to $2,100 a month. With the median asking rent in Manhattan at around $4,000, the minimum income to qualify for an apartment at that price is $160,000. Today, she is her own boss and is on track to make $1 million in 2022.
☆ This 35-year-old turned her eBay side hustle into a $141 million company: 'Here's the business plan I used'
  + stars: | 2022-05-04 | by ( Tori Gerbig | ) www.cnbc.com   time to read: +5 min
Today, we run our online fashion retail business, Pink Lily, full-time. Value proposition and key competitorsIt is so essential to identify and strengthen your value proposition — or the reason customers will want to buy from you versus another company. Here's what to consider when defining your value proposition: Define the product you're trying to sell. Ideal customersNext, you need to define and step into the shoes of your ideal customer. For Pink Lily, what made us different from other e-commerce brands was that many of our items were under $50.
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