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☆ Our family of 4 downsized to a small cabin in the Poconos we bought sight-unseen. It's made us closer than ever.
▼ + stars: | 2023-10-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

In 2019, their family packed up and headed to Pennsylvania but arrived to a cabin in disrepair. We really didn't want our kids living in that type of environment. Since our Poconos cabin was smaller, we decided to get rid of almost everything — we really didn't care about a lot of our possessions. We arrived to a cabin in a state of disrepairMy family and I drove down to the Poconos in a vintage camper that we bought in 2016. In December 2022, we moved from the first cabin into the third cabin we bought.

Persons: Danielle Elderkin, —, Kyle Elderkin, Rosenberg, we're, Kyle, They're Organizations: Service, eBay, inconveniences, Disney Locations: Temecula , California, Pennsylvania, Southern California, Temecula, San Diego, Orange County, California

☆ DOJ sues eBay for selling ‘rolling coal’ devices; fines could hit $2 billion
▼ + stars: | 2023-10-11 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +2 min

Ebay could be on the hook for as much as $2 billion in fines for allegedly allowing hundreds of thousands of "rolling coal" pollution devices and other products that violate environmental laws to be sold on its platform. The Department of Justice, on behalf of the Environmental Protection Agency, filed a lawsuit claiming that the e-commerce giant enabled the sale of more than 343,000 rolling coal devices. The DOJ's 61-page complaint included screenshots of emissions tampering devices that were listed on eBay's platform. Rolling coal devices are among several tools that can be used to disable or tamper with a vehicle's pre-installed emissions control systems, which the EPA requires of all vehicles. Under the Clean Air Act, tampering with a vehicle's emissions control systems and selling those tampering tools are illegal.

Organizations: Ebay, of Justice, Environmental Protection Agency, DOJ, eBay, Act Locations: New Jersey , Maryland, Maine

☆ Insider Today: Israel's next steps
▼ + stars: | 2023-10-11 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementIn today's big story, we're looking at the latest developments in Israel's war with Hamas, including Israel's devastating airstrikes and a potentially complicated ground invasion of Gaza. What's on deck:Markets: Market experts detail how to cash in on an ailing bond market. Market experts detail how to cash in on an ailing bond market. AdvertisementAdvertisementThe Israel war is also impacting another conflict: Russia's invasion of Ukraine. The Insider Today team: Dan DeFrancesco, senior editor and anchor, in New York City.

Persons: Jimmy Buffett's, margarita, Caroline Ellison, Sam Bankman, Faiz, NurPhoto, Insider's Kelsey Vlamis, Insider's Chris Panella, Amir Levy, Jake Epstein, Insider's Elias Chavez, David Donabedian, Insider's Bryan Metzger, Brendan McDermid, Jim Rogers, George Soros, Raphael Bostic, Lorie Logan, BRYAN R, SMITH Caroline Ellison, Ellison, Linda Yaccarino, X, Arantza Pena Popo, eBay's, they're, They'll, Steve Scalise, Jim Jordan, Rachael Brennan, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Tech, Getty, CNN, Hamas, CIBC Private Wealth, Ukraine, Washington Post, Republican, Elite, Quantum Fund, Soros Fund Management, Atlanta Fed, Dallas, Fed, Alameda Research, Street, Gaza, Boomers, Republicans, Ohio, The Chicago, Tata Consultancy Services, Sam's Club Locations: Florida, Gaza, Israel, Ukraine, Russia, homebuying, Louisiana, New York City, San Diego, London, New York

☆ We moved our family of 4 into a tiny, remote cabin we bought sight-unseen. Everything was a mess at first, but now we're closer than ever.
▼ + stars: | 2023-10-11 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +9 min

In 2019, their family packed up and headed to Pennsylvania but arrived to a cabin in disrepair. We really didn't want our kids living in that type of environment. We encountered a disaster in the moving processOur California home was large, so we had a lot of stuff. Since our Poconos cabin was smaller, we decided to get rid of almost everything — we really didn't care about a lot of our possessions. In December 2022, we moved from the first cabin into the third cabin we bought.

☆ Google continues move toward future without passwords
▼ + stars: | 2023-10-10 | by ( Jake Piazza | In Jakepiazza | ) www.cnbc.com time to read: +1 min

The company announced Tuesday in a blog post that it is making passkeys a default option for personal Google accounts after positive feedback from users. Passkeys, which Google started using in May, are a safer and faster alternative to passwords and make it so people do not have to remember numerous passwords, Google said. The passkeys run on facial recognition, fingerprint scan or a PIN number, making phishing attacks ineffective at swiping passwords. "We'll keep you updated on where else you can start using passkeys across other online accounts," Google said in the blog. "In the meantime, we'll continue encouraging the industry to make the pivot to passkeys — making passwords a rarity, and eventually obsolete."

Persons: Sundar Pichai, we'll Organizations: Google, Shoreline, YouTube, eBay Locations: Mountain View , California

☆ eBay's first chief AI officer is building AI tools to change how people shop online, saying the AI 'paradigm shift' will happen in three phases
▼ + stars: | 2023-10-10 | by ( Madeline Stone | ) www.businessinsider.com time to read: +6 min

E-commerce companies eBay and Shopify are both building tools that enable online sellers to use AI. eBay chief AI officer Nitzan Mekel-Bobrov said he sees AI bringing a "paradigm shift" to e-commerce. AdvertisementAdvertisementNitzan Mekel-Bobrov joined eBay as the company's first chief AI officer in 2021. Internally, eBay is also developing AI tools that are aimed at improving productivity and creativity for its engineers, analysts, and content creators. Jaffer told Insider that business owners often have specific needs that aren't easily solved by the AI tools that are widely accessible today.

Persons: Nitzan, Bobrov, —, We've, Miqdad, Jaffer, Shopify, They've Organizations: eBay, Service, Canadian, eBay's, Harvard Business School Locations: Shopify

☆ Passwordless passkeys will now be the default option for Google accounts
▼ + stars: | 2023-10-10 | by ( Jennifer Korn | ) edition.cnn.com time to read: +1 min

New York CNN —Google is looking to make passwords obsolete by prompting users to create passkeys to unlock accounts and devices with a fingerprint, face scan or pin number. Google said Tuesday that passcodes are easier to remember, quicker to use and offer more security. The company unveiled support for passkeys in May but announced in a blog post that the technology will now become the go-to option during password creation. “[W]e’ll continue encouraging the industry to make the pivot to passkeys — making passwords a rarity, and eventually obsolete,” Google wrote. Google will continue to support traditional passwords, and users can dodge passkeys altogether by disabling their account’s “skip password when possible” option.

Persons: Google Organizations: New, New York CNN, Google, passkeys, eBay, WhatsApp, Alliance, Microsoft, Apple Locations: New York

☆ Gold is losing its dazzle as bond yields and the dollar surge
▼ + stars: | 2023-10-06 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

Investors tend to prefer government bonds over gold when yields are high, because they offer regular coupon payments. Why nursing schools are turning away thousands of applicantsAt a time when registered nurses are going on strike to protest staffing shortages, thousands of applicants who want to enter or advance in the profession are being turned away from nursing schools, reports CNN’s Tami Luhby. Staffing shortages are the main reason why nursing schools are not able to accept more students who want to become registered nurses. The Girl Scouts are discontinuing a cult-favorite cookieThe Girl Scouts are discontinuing a popular cookie just a year after its debut sparked a frenzy, reports my colleague Jordan Valinsky. Raspberry Rally won’t be sold this upcoming cookie-sales season, which runs January to April 2024, Girl Scouts of the USA has announced.

Persons: Richard Galanti, they’re restocked, Matt Dmytryszyn, “ There’s, ”, CNN’s Tami Luhby, preceptors, Preceptors, Judith Jarosinski, Read, Jordan Valinsky Organizations: CNN Business, Bell, CNN, Federal Reserve, Barrick Gold, Kinross Gold, Northam, Costco, American Association of Colleges of Nursing, Salisbury University’s School of Nursing, Girl Scouts, Scouts, USA, Girl Scouts ’, eBay Locations: Salisbury, Maryland

☆ Wildfires are getting worse. Check out the pitch deck that landed climate startup Vibrant Planet $15 million from backers like Microsoft to use AI to manage the risk.
▼ + stars: | 2023-10-05 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +4 min

A California-based startup using artificial intelligence and machine learning for land management and climate-risk analysis has raised $15 million in Series A funding. Vibrant Planet, which was founded in 2020, offers a data platform to help landowners figure out how to restore ecosystems and manage against the risk of wildfires. Along with rising temperatures, poor land planning and risk mitigation strategies are also to blame for raging wildfires, according to Vibrant Planet CEO Allison Wolff. The land management platform includes real-time scenario planning. Microsoft's Climate Innovation Fund, Citi Ventures, Day One Ventures, SIG Climate, and Globivest also participated in the round.

Persons: Allison Wolff, Wolff, Scott Conway, Netflix's, Neil Hunt, Guy Bayes, Globivest Organizations: Netflix, eBay, Google, Integrity, Innovation Fund, Citi Ventures, One Ventures, SIG, NASA, USDA Smart Commodities Locations: California, Europe, Canada, Chile, Lahaina, Maui

☆ Raspberry Rally Girl Scouts cookie is discontinued
▼ + stars: | 2023-10-05 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —The Girl Scouts are discontinuing a popular cookie just a year after its debut sparked a frenzy. Raspberry Rally won’t be sold this upcoming cookie-sales season, which runs January to April 2024, Girl Scouts of the USA has announced. “While Raspberry Rally was extremely popular last year, we are taking a pause this season to prioritize supplying our classic varieties,” the Girl Scouts of the USA said in a statement to CNN. But Girl Scouts learned last year that there is a market for higher-priced cookies, thanks to the Raspberry Rally debacle. The Rallies changed hands several times higher than their listed price, to the likely frustration of the Girl Scouts leadership.

Organizations: New, New York CNN, The, Scouts, Girl Scouts, USA, Girl Scouts ’, eBay, CNN, Troops, Girl Scouts Heart, Hudson, ” Locations: New York

☆ UK’s Motorway takes eBay approach for consumers to sell cars to dealers
▼ + stars: | 2023-10-05 | by ( Nick Carey | ) www.reuters.com time to read: +4 min

EBay also sells cars in the UK, though its own marketplace consists of consumers or dealers selling to consumers. The pandemic "acted as a massive accelerant" for Motorway because physical auctions were closed for months and dealers needed access to cars, Leathes said. In 2022, its auctions doubled to 1.7 billion pounds ($2.06 billion). That should double again this year, giving Motorway around a 5% share in a UK used-car market worth 80 billion pounds, Leathes said. Dealers can now use "wallets" for multiple transactions and Motorway now picks up around 30% of the cars it sells and delivers them to dealers.

Persons: Tom Leathes, Leathes, Nick Templeton, Templeton, Lewis Jent, Nick Carey, Nick Zieminski Organizations: eBay, Reuters, EBay, Index Ventures, Growth, BMW I Ventures, BMW, Dealers, Tesla, Thomson Locations: Britain, U.S, Leathes, CarShop

Taylor Swift fans forked out an average $2,183 for a resold ticket to a concert on the superstar's Eras Tour, according to resale research site TicketIQ. Now, ticket resellers may owe taxes on profits made during what may turn to be — for them, at least — a rather "Cruel Summer." Ticket profits have always been taxable, but the new IRS reporting threshold for business transactions on third-party platforms, such as TicketMaster or eBay , is now a single payment of $600, down from 200 transactions worth an aggregate of over $20,000. Taxpayers will have to prepare as the law takes effect this coming season. "Starting at the beginning of next year, you want to make sure you know how to report this income," said certified financial planner and enrolled agent Tommy Lucas of Florida-based Moisand Fitzgerald Tamayo.

Persons: Taylor Swift, Tommy Lucas of, Moisand Fitzgerald Tamayo Organizations: TicketMaster, eBay, Taxpayers Locations: Tommy Lucas of Florida

☆ Residents alarmed as shoplifting incidents trigger store departures: ‘As a community we can’t allow this to continue’
▼ + stars: | 2023-09-30 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +10 min

“Having Target here helped revitalize East Harlem with hundreds of new jobs, customers and more services to our area. Courtesy Lou MartinsThe retail industry said it is grappling with a particular type of store theft that is more dangerous than petty shoplifting, called “organized retail crime” or ORC. The East River Plaza shopping center in New York City's East Harlem neighborhood. “The East Harlem store could have been doing very high volume in sales but still losing money because of theft,” Cohen said. The Target store in NYC's East Harlem is set to close in October.

Persons: Lou Martins, “ I’ve, ”, Martins, Maria Gonzalez Arrieta, “ We’ve, ” Lou Martins, Alex Abreu, Abreu, “, ” Abreu, it’s, We’ve, Tom Wickman, ” Wickman, “ Abuelitas, ” Xavier Santiago, Santiago Xavier, Santiago, I’ve, Mark Cohen, ” Cohen, Venkatesh Shankar, ” Shankar, Fatih Aktas, Ted Wheeler, ” – CNN’s Matt Egan Organizations: New, New York CNN, Costco, 118th, Target, eBay, Facebook, ”, East Harlem, Blumfeld, The New York Times, New York Police, Walgreens, Business, US Chamber of Commerce, “, Commerce, Community Board, East, Community, Columbia, Texas, Mays Business School, Anadolu Agency, Blumenfeld, CNN, Portland Police Bureau Locations: New York, Manhattan —, New York City, San Francisco, Seattle, Target, Plaza, Harlem, Aldi, Burlington, Pleasant Avenue, East Harlem, NYC's East Harlem, River, Portland

☆ Girl Scout cookies are getting more expensive
▼ + stars: | 2023-09-28 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +2 min

New York CNN —Girl Scout cookies are getting more expensive. But now the higher price will apply to other cookies that the troops sell, including the more classic varieties. Girl Scout cookie prices have been rising from $5 to $6. “Each of our 111 Girl Scout councils sets local Girl Scout Cookie prices based on several factors,” a spokesperson for Girl Scouts of the USA told CNN. But Girl Scouts learned last year that there is a market for higher-priced cookies, thanks to the Raspberry Rally debacle.

Persons: Hudson, John Moore, ” Organizations: New, New York CNN, Girl Scouts Heart, Girl Scouts, Girl Scouts of, USA, CNN, “, ” Troops, Consumers, Thin Mint, eBay Locations: New York, Louisiana, Girl Scouts of Northern California

☆ Five takeaways from the FTC's 172-page antitrust lawsuit against Amazon
▼ + stars: | 2023-09-28 | by ( Brian Fung | ) edition.cnn.com time to read: +10 min

Washington CNN —An antitrust lawsuit from 17 states and the Federal Trade Commission this week against Amazon represents the US government’s biggest regulatory challenge yet against the e-commerce juggernaut. The landmark case targets Amazon’s retail platform, alleging that it’s harmed shoppers and sellers alike on a massive scale. Here are five of the biggest highlights and takeaways from the plaintiffs’ 172-page lawsuit. Just this month, the FTC added three Amazon officials to a separate consumer protection case dealing with Amazon Prime. Instead, the plaintiffs have to show that Amazon is part of a well-defined geographic and economic market that it dominates.

Persons: Lina Khan, Amazon, David Zapolsky, ” Khan, Khan, Douglas Farrar, ” Farrar, superstores, ” What’s, Jeff Bezos, “, ” Organizations: Washington CNN, Federal Trade Commission, Amazon, US, Walmart, Target, eBay, Amazon Music, Bloomberg News, CNN, Amazon Prime, FTC Locations: Seattle, United States

The eBay app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsCompanies eBay Inc FollowNEW YORK, Sept 27 (Reuters) - The U.S. government on Wednesday sued eBay (EBAY.O), accusing the online platform of violating the Clean Air Act and other environmental laws by allowing the sale of several harmful products, including devices that defeat automobile pollution controls. EBay was also accused of allowing the sale of at least 23,000 unregistered, misbranded or restricted-use pesticides, violating a 2020 "stop sale" order from the U.S. Environmental Protection Agency. "EBay has the power, the authority, and the resources to stop the sale of these illegal, harmful products on its website," the complaint said. "Indeed, eBay is blocking and removing more than 99.9% of the listings for the products cited by the DOJ, including millions of listings each year."

Persons: Dado Ruvic, Jonathan Stempel, Sharon Singleton, Bill Berkro Organizations: eBay, REUTERS, U.S, Wednesday, EBay, The, Justice, U.S . Environmental Protection Agency, DOJ, Thomson Locations: Brooklyn , New York, U.S, San Jose , California, New York

☆ Target citing crime for closing stores shows retailers are fighting an uphill battle
▼ + stars: | 2023-09-27 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +7 min

Industry experts say even a small increase in crime can have massive, cascading effects that cause retailers to close stores. And stolen items can have an outsized impact on store profitability, considering the razor thin profit margins many large retailers typically operate at. “Increasing store crime is another variable in play right now for retailers,” said Zak Stambor, senior retail & ecommerce analyst with Insider Intelligence. Organized retail crimeAt issue is a particular type of store theft that loss prevention experts classify as “organized retail crime” or ORC. Last month, Dick’s Sporting Goods warned that retail theft was damaging its business and would lead to lower annual profits.

Persons: New York CNN —, ”, Burt Flickinger, Zak Stambor, Jane Roh, Shawn Kelly, TJ, they’re, Read Hayes, criminologist, ” Stambor, Hayes, “ Organizations: New, New York CNN, Strategic Resource, Insider Intelligence, eBay, Facebook, Pennsylvania Liquor Control, Police, CNN, Philadelphia, Attorney’s Office, “, GS, Cheltenham Plaza, Pennsylvania Liquor Control Board, Dick’s Sporting Goods, TJX Companies, TJ Maxx, Goods, Nordstrom, Foods, University of Florida, Prevention Research Council, Walmart, Target, National Retail Federation, ”, Walgreens Locations: New York, Los Angeles, Chicago, Philadelphia, Cheltenham, Wyncote, Montgomery County, San Francisco

☆ The Mystery of My Mother’s Prayer Book
▼ + stars: | 2023-09-23 | by ( Ken Schlager | ) www.nytimes.com time to read: +2 min

I could now surmise that my mother was given the book at some point before 1930, when she was perhaps 10 or 12. Below her address, she had written a poem:I pity the riverI pity the brookI pity the oneThat steals this book! Most likely this was something my mother had seen in an autograph book upon graduating elementary school. This was the home of my mother’s older brother, Dr. George Kanner, and his family. Rather than travel some circuitous route through multiple owners before landing on eBay, the prayer book had been in my family all along, in a house where I had spent many childhood sleepovers with my cousin David.

Persons: ” Eager, Tallis, Dr, George Kanner, David Organizations: Hewes Street, Jos, Schlesinger Library, Departed, eBay Locations: Brooklyn, Lafayette, Vienna, Garden City

☆ Permira will have to work to exit classified hole
▼ + stars: | 2023-09-22 | by ( Karen Kwok | ) www.reuters.com time to read: +3 min

LONDON, Sept 22 (Reuters Breakingviews) - Permira is trying to salvage its bet on classified ads. But buying more may be the best way for Permira to make a healthy return, provided the business can be turbocharged. On Thursday, Adevinta said it had received a non-binding offer from Blackstone and Permira. Norwegian media group Schibsted, a 28% Adevinta shareholder, and eBay, which owns a 33% stake, expressed their support for the proposal and will retain part of their current stake, Adevinta said. In 2021 eBay sold 10% of its stake in Adevinta to Permira for $2.25 billion.

Persons: Adevinta, Permira, Blackstone, Aimee Donnellan, Streisand Neto Organizations: Reuters, Blackstone, eBay, Reuters Graphics Reuters, EBay, Permira, Thomson Locations: Norwegian, Adevinta, Oslo, Permira

☆ Three-Stock Lunch: Pfizer, Alibaba, and eBay
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThree-Stock Lunch: Pfizer, Alibaba, and eBayMalcolm Ethridge, executive vice president at CIC Wealth Management, joins 'Power Lunch' to discuss his investing take on three stocks: Pfizer, Alibaba, and eBay.

Persons: eBay Malcolm Ethridge Organizations: Pfizer, Alibaba, eBay, Wealth Management

☆ I made $124,000 last year answering people's questions about their antiques. Here's how I turned my passion into a remote job that gave me financial freedom.
▼ + stars: | 2023-09-22 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +6 min

I moved to New York, where I landed a job with a fine-art gallery and auction house. I left the art scene in New York and worried how I'd be able to make a living from art and antiques there. For a while, I sold antiques I'd bought on eBay and Etsy and did freelance work for clients in New York. I wanted to work in antiques remotelyI wanted to be able to work from home helping people around the world identify the value of art, antiques, and collectibles. This job gave me financial freedom, and I was able to buy a houseI was especially busy during the COVID-19 pandemic.

Persons: Nora Curl, Rookwood, Nelson Shanks, Ronald Reagan, Bill Clinton, I'd, — there's, I'm, There's, I've, Samuel Clemens, Samual Clemens, Mark Twain Organizations: Art, Art Basel, eBay, Mayflower Locations: Pennsylvania, Los Angeles, New York, London, Miami, Christie's, England, JustAnswer

☆ Adevinta confirms acquisition proposal from Blackstone-Permira consortium
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

Sept 21 (Reuters) - EBay-backed online classifieds group Adevinta (ADEA.OL) said on Thursday it has received a proposal from a consortium led by Permira and Blackstone (BX.N) regarding a potential offer to acquire the company. Bloomberg News, which had earlier reported on the potential acquisition, said the consortium was studying a possible deal to take Adevinta private. Norwegian media group Schibsted (SCHA.OL), a major Adevinta shareholder, and eBay (EBAY.O) expressed their support for the proposal and will retain part of their current stake, Adevinta said. EBay in 2021 sold part of its stake in Adevinta to Permira for $2.25 billion. Reporting by Rishabh Jaiswal in Bengaluru; Editing by Shweta Agarwal and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

Persons: Adevinta, Blackstone, Permira, Rishabh, Shweta Agarwal, Shounak Organizations: EBay, Permira, Blackstone, Bloomberg, eBay, Thomson Locations: Oslo, Norwegian, Adevinta, Permira, Bengaluru

☆ I've conducted hundreds of interviews at Amazon and other tech companies. The hiring process may seem lengthy, but it's necessary.
▼ + stars: | 2023-09-19 | by ( Brandon Southern | ) www.businessinsider.com time to read: +9 min

He writes that hiring managers have to be cautious when hiring because their reputations are on the line. While there are some interviews that do feel excessive, many are not, and they are a normal part of a hiring manager's desire to be cautious when hiring a new employee. Dealing with situations like these certainly cause hiring managers to be extra cautious when interviewing and hiring candidates. AdvertisementAdvertisementWith only two or three interviewers, one interviewer will be the hiring manager and the other interviewers likely report to the hiring manager. I've been contacted by companies for jobs that I haven't applied for, and they asked me to write multiple strategy documents before scheduling a call with the hiring team.

Persons: Brandon Southern, I've, they're, isn't, we've Organizations: Amazon, eBay, GameStop, Service, LinkedIn Locations: Southern, Wall, Silicon

You can use an eBay gift card to pay for all or some of your purchases on the site. To use your eBay gift card, you can enter its code at checkout, and the balance will be applied to your purchase. You can even check your gift card balance at any time using eBay's online tool. On the payment screen, scroll down until you find the "Gift cards, coupons, and eBay bucks" field and enter the 13-digit card on the back of your eBay gift card. This will happen even if your eBay gift card covers the entirety of your purchase.

Persons: you've, Jennifer Still Organizations: eBay, Service, PayPal Locations: Wall, Silicon

☆ 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

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