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☆ I fell for a Facebook Marketplace scam and lost $300. Here are the red flags I wish I'd caught right off the bat.
▼ + stars: | 2022-12-28 | by ( Sam Silverman | ) www.businessinsider.com time to read: +9 min

That's right: I, an editor at a business publication that often warns our readers about the dangers of online scams, fell victim to an online scam. Screenshot courtesy of Sam SilvermanI turned to Facebook Marketplace, something I've done numerous times before. Data provider BeenVerified analyzed 165,000 scam complaints over the past three years and found that Facebook Marketplace scams grew 184.8% in the past year. In one instance, a Michigan woman lost her $15,000 life savings in a Facebook Marketplace car scam. Additionally, Zelle scams were listed as the second fastest-growing scams by BeenVerified, with Zelle scams up 86% this year, many of which were tied to Facebook Marketplace listings.

☆ Bitcoin miner Core Scientific is filing for Chapter 11 bankruptcy — but plans to keep mining
▼ + stars: | 2022-12-20 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., is filing for Chapter 11 bankruptcy protection in Texas early Wednesday morning, according to a person familiar with the company's finances. The move follows a year of plunging cryptocurrency prices and rising energy prices. Core Scientific mines for proof-of-work cryptocurrencies like bitcoin. The process requires expensive equipment, some technical know-how, and a lot of electricity. The company will not liquidate, but will continue to operate normally while reaching a deal with senior security noteholders, which hold the bulk of the company's debt, according to this person, who declined to be named discussing confidential company matters.

☆ Wall Street's biggest landlords thought they had a great hedge against inflation. But now these giant homebuyers are getting slammed by rising costs — just like the rest of us.
▼ + stars: | 2022-12-05 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Two Wall Street analysts are seeing warning signs for big landlords like Invitation Homes. Raymond James downgraded its rating of Invitation Homes for the first time ever. Single-family rental companies face new challengesHigh interest rates mean that it costs substantially more for single-family rental companies to buy up thousands of homes. In key markets like Texas, Florida, and Georgia, property taxes may increase by 20 to 30% year-over-year, according to Raymond James. According to Carl and Rosivach, Invitation Homes' rent collection rolls are 2% lower than they were pre-pandemic, while on-time payments are 5% lower than they were pre-pandemic.

☆ 'Easy to bully': A corporate landlord in Cincinnati is aggressive in trying to evict tenants, critics say
▼ + stars: | 2022-11-22 | by ( Gretchen Morgenson | Gretchen Morgenson Is The Senior Financial Reporter For The Nbc News Investigative Unit. A Former Stockbroker | She Won The Pulitzer Prize In For Her | ) www.nbcnews.com time to read: +13 min

“We had the exact same story and the exact same company — VineBrook Homes,” Allen told NBC News. VineBrook Homes Trust Inc., which owns over 3,000 single-family homes in the Cincinnati area, is one of the most aggressive landlords in bringing eviction proceedings against its residents, they say. A big institutional owner of over 24,000 single-family homes in mostly lower-income areas, VineBrook Homes is a real estate investment trust (REIT) with properties in 18 states, including Alabama, Indiana, Missouri and Mississippi. “I left in Dec. 2021,” Jenkins told NBC News. Vinebrook Homes owns over 3,000 single-family homes in the Cincinnati area, including many in suburbs like North College Hill.

☆ Bitcoin miner Core Scientific issues bankruptcy warning and the stock is down 97% for the year
▼ + stars: | 2022-10-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

Core Scientific, one of the largest publicly traded crypto mining companies in the U.S., raised the possibility of bankruptcy in a statement filed with the Securities and Exchange Commission. In the event of a bankruptcy, Core says that holders of its common stock could suffer "a total loss of their investment." Core Scientific mines for proof-of-work cryptocurrencies like bitcoin . Core, which primarily mints bitcoin, has seen the price of the token drop from an all-time high above $69,000 in Nov. 2021, to around $20,500. The Austin, Texas-based miner, which has operations in North Dakota, North Carolina, Georgia, and Kentucky, says that it may "seek alternative sources of equity or debt financing."

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The federal student loan payment pause was extended one last time to December 31, 2022, and capitalized interest will be paused until July 1, 2023. Until then, you can make three smart moves to lower your student loan balance. It's the reason you might find your student loan balance is higher now than when you took it out in the first place. Do not refinance your student loansIf you refinance your student loans with a private lender, you won't be eligible for Biden's student-loan forgiveness. Here's how $1,000 of unpaid interest, for example, can impact your student loans:After a forbearance or deferment period when you weren't making any payments, unpaid interest is capitalized, or added onto your principal student loan balance.

The faster you pay off a loan, the less in total interest you need to pay. Tap into equityUsing assets you already have to pay off your loan may help you both pay off your loan faster and negate the need to do things like pick up another job or cut down your budget. Among the two most popular strategies to pay down loan debt are the debt avalanche and the debt snowball. Once your highest interest rate debt is paid off, you move on to the next-highest interest rate, and so on down the line. This will increase your overall loan balance, and you'll later pay interest on that higher amount, upping the total cost of your loan.

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I've since bought other rentals, and in my 14 years as a landlord I've learned a few things. Also, it's important to stick to your written criteria when choosing a tenant and never rent to friends or family members. Over the past 14 years of being a landlord, I've learned a few things I wish I'd known when I was just starting out. How I got started as a landlordBefore I start, I thought I'd share a bit about how I became a landlord. Always stick to your (written) rental criteriaAnother thing that I have seen burn many landlords is the importance of sticking to written rental criteria when evaluating tenants.

You may be eligible for payment assistance toward your mortgage, car payment, credit card, personal loan, or private student loan. 34 banks helping customers impacted by the coronavirusAlly BankMortgagesYou can defer mortgage payments through Ally for up to 120 days. ChaseMortgagesChase is offering mortgage payment assistance. Car paymentsTo request payment assistance for a car loan or other type of consumer loan, visit Regions' loan assistance page or call 1 (866) 298-1113.Credit cardsTo request payment assistance for a credit card, visit Regions' loan assistance page or call 1 (866) 298-1113. Personal loansWebster is offering personal loan payment assistance on a case-by-case basis.

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