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☆ Former bookie embroiled in ex-Ohtani interpreter gambling scandal to plead guilty to running illegal sports betting business
▼ + stars: | 2024-08-01 | by ( Cindy Vonquednow | ) edition.cnn.com time to read: +4 min

Mizuhara was one of Bowyer’s clients, placing at least 19,000 bets with Bowyer’s illegal gambling business from September 2021 to January 2024, according to prosecutors. Bowyer would increase Mizuhara’s betting limits even as Mizuhara had total losing bets of at least $182,935,206, leaving the former interpreter owing about $40,678,436, the plea agreement states. Bowyer’s other clients include “Individual B,” a professional baseball player for a Southern California-based baseball team, and “Individual C,” a former minor-league baseball player, the plea agreement states. In his plea agreement, Bowyer admitted to falsely reporting his taxable income to the IRS on his tax return for 2022. That year, Bowyer reported $607,897 in total income, while his unreported income from his illegal gambling business was $4,030,938, officials said.

Persons: Shohei Ohtani’s, Ippei Mizuhara, Matthew Bowyer, Diane Bass, ” Bowyer, Ohtani, Mizuhara, Bowyer, “, Martin Estrada, ” Organizations: CNN, Dodgers, Justice Department, US, Office, Central, Central District of, Los Angeles Dodgers, ESPN, Los Angeles Times, Major League Baseball, Bowyer Locations: Central District, Central District of California, Los Angeles, Orange, Las Vegas, Ohtani, Costa Rica, Southern California

Jenny Hunnicutt poses in front of the Royal Caribbean Ultimate World Cruise, which she's been on for nearly nine months traveling the world. As a U.S. citizen or permanent resident, you incur U.S. income taxes on "worldwide income," whether you're making money from a ship or another country. Gifts can become 'taxable income'For some self-employed cruise passengers, income could come in different forms. Joe Martucci, another passenger on the ship, is a certified public accountant who lived abroad for 16 years. Retired CPA Joe Martucci poses for a photo in Montenegro, a stop on the Royal Caribbean Ultimate World Cruise.

Persons: Jenny Hunnicutt, she's, Hunnicutt, Jane Mepham, Mepham, Joe Martucci, He's, Martucci Organizations: Royal, Financial Locations: Florida, Bahamas, Austin , Texas, Montenegro, Australia

☆ Student loan forgiveness may be on the way for roughly 25 million borrowers. Here's what to know
▼ + stars: | 2024-08-01 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

Kevin Lamarque | ReutersThe Biden administration is sending emails to tens of millions of borrowers this week about its new plans to cancel student debt. The Department of Education estimates that at least 25 million borrowers could qualify. The same day the Supreme Court blocked President Joe Biden's first attempt at sweeping student loan forgiveness, Biden announced that the White House would try to deliver the relief another way. People who are already eligible for student loan forgiveness under one of the government's existing programs but just haven't yet applied. The Education Department is expected to publish its final rule on the debt relief sometime in October.

Persons: Joe Biden, Kevin Lamarque, Biden, Joe Biden's, IRAs, Luke Herrine, Herrine, Mark Kantrowitz, Kantrowitz, Will Organizations: Madison Area Technical, Truax, Reuters, U.S . Department of Education, CNBC, of Education, Education Department, Finance, University of Alabama Locations: Madison , Wisconsin, U.S

☆ The expanded child tax credit failed in the Senate. Here's what it means for families
▼ + stars: | 2024-08-01 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Senate Republicans on Thursday blocked legislation that would have expanded the child tax credit, a key tax break for millions of families. He said that Senate Republicans have concerns about the policy, but are willing to negotiate a "child tax credit solution that a majority of Republicans can support." If enacted, the bill would have improved access to the child tax credit and retroactively boosted the refundable portion for 2023, which could have triggered refund checks from the IRS. Eligible families could have seen an average tax cut of $680 for 2023 taxes, based on estimates from the Urban-Brookings Tax Policy Center. But expanding the child tax credit is still a "top priority for Democrats," particularly as the 2025 tax cliff approaches, he said.

Persons: Chuck Schumer, Mike Crapo, Harris, Joe Manchin, Bernie Sanders, Chuck Marr Organizations: Republicans, Senate Finance, Finance, Fed, Budget, Urban, Brookings Tax, House Republicans, Center Locations: Idaho, Sens

☆ Check your email: U.S. government is sending notes to millions about eligibility for student loan forgiveness
▼ + stars: | 2024-07-31 | by ( Annie Nova | ) www.cnbc.com time to read: +2 min

Two federal judges in Kansas and Missouri on Monday at the urging of several Republican-led states blocked President Joe Biden's administration from further implementing a new student debt relief plan that lowers payments. The Biden administration is gearing up to try to forgive the student debt of tens of millions of Americans again, after the Supreme Court struck down its first effort last year. In the coming days, the U.S. Department of Education will begin emailing borrowers who may be eligible for the wide-scale loan cancellation, the department said on Wednesday. The same day the Supreme Court blocked President Joe Biden's first attempt at sweeping student loan forgiveness, he announced that the White House would try to deliver the relief another way. For his Plan B, he has directed the Education Department to pursue the regulatory process, which experts say should increase its chances of surviving the inevitable next round of legal challenges.

Persons: Joe Biden's, Biden, Harris, who've, Education Miguel Cardona, IRAs Organizations: Republican, U.S . Department, Education, Biden, Finance, Education Department Locations: Kansas, Missouri

☆ Here are 3 smart crypto tax moves to consider — whether prices go up or down
▼ + stars: | 2024-07-30 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

Weigh 'tax gain harvesting'Despite recent dips, many long-time crypto investors could have significant gains. Long-term capital gains rates apply to assets owned for more than one year. Of course, you'll need to weigh the tax consequences of boosting your adjusted gross income with crypto gains, which can impact other tax breaks. Consider the crypto wash sale 'loophole'If you're sitting on crypto losses, you could consider tax-loss harvesting, which allows you to offset other investing profits. Although tax-loss harvesting often happens at year-end, it's better to harvest crypto losses over time because "those losses may no longer exist" by year-end, Gordon explained.

Persons: bitcoin, Andrew Gordon, Adam Markowitz, Gordon Organizations: Getty, Gordon Law Group, Luminary, IRS Locations: Windermere , Florida

☆ 1 million people now owe more than $200,000 in federal student loans
▼ + stars: | 2024-07-29 | by ( Annie Nova | ) www.cnbc.com time to read: +1 min

The number of federal student loan borrowers with six-figure debts is on the rise. In the second quarter of 2024, 2.4 million borrowers carried a federal student loan balance between $100,000 and $200,000, up from 1.8 million people who owed that much during the same period in 2017, according to new data by the U.S. Department of Education. Meanwhile, 1 million people had a federal student loan balance of more than $200,000, up from 600,000 individuals. Wayne Johnson, who served as the chief operating officer of the Office of Federal Student Aid from 2017 until 2019, tells CNBC he saw some eye-popping balances during his time at the Education Department. "There are quite a number of people who owe the federal government over $2 million in federal student loans," Johnson said.

Persons: Wayne Johnson, Johnson, IRAs Organizations: U.S . Department of Education, Federal, Aid, CNBC, Education Department, Finance, Wall Street

☆ Bitcoin is up more than 50% this year — here are key crypto tax rules every investor should know
▼ + stars: | 2024-07-29 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

After holding crypto for more than one year, you'll qualify for long-term capital gains of 0%, 15% or 20%, depending on taxable income. Higher earners may also owe an extra 3.8% levy, known as net investment income tax. By comparison, short-term capital gains or regular income taxes apply to assets owned for one year or less. New crypto reporting rulesThe U.S. Department of the Treasury and IRS in June released final guidance for digital asset brokers, which phases in mandatory yearly reporting. With limited past reporting on basis, crypto investors can still establish a "reasonable allocation" before Jan. 1, 2025, according to an IRS revenue procedure released in June.

Persons: Donald Trump, Jon Cherry, Adam Markowitz, Andrew Gordon Organizations: Republican, Getty, IRS, Luminary, Internal Revenue Service, U.S . Department of, Treasury, Gordon Law Group Locations: Nashville , Tennessee, Windermere , Florida

☆ We rented our house on Airbnb for 15 years. It was so much work that we had to stop.
▼ + stars: | 2024-07-27 | by ( Dana Mcmahan | ) www.businessinsider.com time to read: +6 min

Renting your home to strangers for money wasn't even on the horizon when my husband and I bought our first house almost 20 years ago. I thought renting our house to race-goers would be an easy way to make a quick paycheck. We were early Airbnb adoptersIt didn't go well at first, though, with our first guests writing us a bad check. Courtesy of the auhorAlthough it's commonplace now, in those early days, friends thought we'd lost it when we let strangers stay in our house. A beautiful house that just needed some work, with a third floor guest suite and a carriage house, it had tons of potential as a short-term rental rental.

Persons: wasn't, Airbnb, we'd, Vertigo, COVID didn't, we're, aren't, it's, Diane Deaton, who's, It's, I've Organizations: Service, Kentucky Derby, Business, Realtors, House Locations: Louisville , Kentucky, Vertigo Louisville, Detroit, Louisville

☆ Student loan payments are on pause for millions. Here's what borrowers need to know
▼ + stars: | 2024-07-26 | by ( Annie Nova | ) www.cnbc.com time to read: +3 min

We Are | Digitalvision | Getty ImagesFederal student loan payments are on pause for millions of borrowers while the Biden administration defends its new relief program in court. The U.S. Department of Education is placing federal student loan borrowers enrolled in the Biden administration's new income-driven repayment plan, known as SAVE, into an administrative forbearance. The SAVE plan has been a magnet for controversy ever since the Biden administration rolled out the program in the summer of 2023, describing it as "the most affordable student loan plan ever." Borrowers can explore their other repayment plan options, "but that would lead to a higher monthly loan payment," Kantrowitz said. "By staying in the SAVE plan, the borrower doesn't lose anything other than time," he added.

Persons: They'll, IRAs, Biden, Mark Kantrowitz, Kantrowitz Organizations: Getty, Biden, U.S . Department of Education, Finance, White, SAVE, Education Department, Republican Locations: forbearance, Missouri

☆ Here are some money moves to make before the Fed starts cutting interest rates
▼ + stars: | 2024-07-25 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Meanwhile, many investors are sitting on hefty cash allocations, including trillions in money market funds, which are generally still paying above 5%. How to tellAfter a series of rate hikes, investors piled into money market funds, which typically invest in shorter-term, lower-credit-risk debt, such as Treasury bills. Total U.S. money market funds hovered near a record of $6.15 trillion as of July 17, with $2.48 trillion in funds for retail investors, according to Investment Company Institute data. However, money market fund yields will likely fall if the Fed starts cutting rates in September, explained Ken Tumin, founder and editor of DepositAccounts. "Most [money market funds] seem to closely follow the federal funds rate," he said.

Persons: Ken Tumin Organizations: Federal Reserve, Finance, Social, Total U.S, Investment Company Institute

Trump, the Republican nominee for president, has raised more than $4 million from a mix of digital tokens, a campaign aide told CNBC. At least 19 donors contributed more than $2.15 million bitcoin to the committee, the filing shows. Brian Hughes, a Trump campaign aide, said that of the more than $4 million in crypto raised, most of it arrived in bitcoin. "While the Biden-Harris Administration stifles innovation with more regulation and higher taxes, President Trump is ready to encourage American leadership in this and other emerging technologies." Thus far, it appears the Trump campaign is mostly converting these contributions immediately to USDC and then liquidating the donations.

Persons: Donald J, Trump, Bill Pugliano, Donald Trump, Tyler, Cameron Winklevoss, Mike Belshe, Tyler Winklevoss, Eva Marie Uzcategui, he's, Marc Andreessen, Ben Horowitz, Brian Hughes, Kamala Harris, Hughes, Harris, shiba inu, Jesse Powell, Stuart Alderoty, Alderoty, David Sacks, Ryan Selkis, Sen, Elizabeth Warren, Warren, Ohio Sen, JD Vance, Vance Organizations: Van, Getty, NASHVILLE, Republican, CNBC, U.S, Trump, Republican National Committee, State Department, Gemini Trust, Bloomberg, Solana, Bitcoin, Music City Center, Democratic, Biden, Harris Administration, IRS, Libertarian National Convention, Ohio, Biden White, SEC Locations: Grand Rapids , Michigan, Tennessee, bitcoin, Miami , Florida, U.S, Nashville, San Francisco, USDC, Washington, Lago, Florida

Your adjusted gross income, or AGI, is your total income minus specific deductions. Adjusted gross income FAQsHow do I determine my adjusted gross income (AGI)? What's the difference between gross income and adjusted gross income? Adjusted gross income is your gross income minus certain deductions and adjustments that you qualify for. Gross income is the total income from a company that includes all revenue and sources of income.

Persons: It's, MAGI Organizations: IRS Locations: Chevron

☆ US Army worker who stole nearly $109 million to buy mansions and luxury cars is sentenced
▼ + stars: | 2024-07-24 | by ( Associated Press | ) edition.cnn.com time to read: +3 min

Mello was a financial manager who handled funding for a youth program at the military base and determined whether grant money was available. Prosecutors said Mello used the fake organization she created to apply for grants through the military program. Mello used the money to buy millions of dollars of real estate, clothing, high-end jewelry and 82 vehicles that included a Maserati, a Mercedes, a 1954 Corvette and a Ferrari Fratelli motorcycle. “Janet Mello is a good, kind, caring and loving person that would do no harm to anyone,” Faison wrote. Please allow her to repay her debt to society by returning what she has taken but not be behind prison bars.”

Persons: Janet Yamanaka Mello, Xavier Rodriguez, Mello, Fort Sam Houston, “ Janet Mello, ”, Jaime Esparza, “, selfishly, ” Esparza, Albert Flores, ” Flores, Flores, Prosecutors, Justin Simmons, Mercedes, Simmons, Lucy Tan, Mello’s, Denise Faison, ” Faison, “ Janet Organizations: US District, Prosecutors, Fort, Child Health, Lifelong Development, Western, Western District of, Defense Locations: Texas, Fort Sam, San Antonio, Western District, Western District of Texas, Houston

☆ Boomer Loves Retirement, Living in DC, Gets Government Benefits
▼ + stars: | 2024-07-24 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +7 min

Cole is an example of what retirement can look like with a good savings plan and a variety of government assistance programs. Her prior government role left her with a hefty retirement benefit; she still gets healthcare. She's taken advantage of a few water aerobics classes in DC and was swimming up at a pool near Capitol Hill. "The last season," what she calls the "senior season" of life, is the best, Cole said. "I know people think they're in a good season now, but live long enough to get that Medicaid card," she said, adding: "I don't have nobody to tell me what to do.

Persons: —, Carol Cole, she's, Fred —, Cole, scot, didn't, Carol, Harris Teeter, Ross, She's, It's Organizations: Service, Fiat, Business, Produce, Kennedy Center, DC, Amtrak Locations: Washington, Charlottesville , Virginia, bam, It's, San Francisco, Chicago, Denver, Reno, Vegas

☆ IRS issues final rules for inherited IRAs — but many are 'missing the boat' on taxes, pro says
▼ + stars: | 2024-07-23 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

The IRS has finalized rules on required withdrawals for certain inherited individual retirement accounts and other plans. In final regulations last week, the agency confirmed most non-spouse beneficiaries have 10 years after the original owner's death to deplete inherited retirement accounts. These heirs also must take yearly required minimum distributions, or RMDs, which had been a lingering question among tax professionals for years. Before the Secure Act of 2019, heirs could "stretch" retirement account withdrawals over their lifetime, which reduced yearly taxes. Regardless, heirs are "missing the boat" because they should consider withdrawing more from inherited accounts now while tax rates are lower, said IRA expert and certified public accountant Ed Slott.

Persons: Ed Slott, Kamala Harris, Slott Organizations: IRS, Finance Locations: U.S

Major purchases and loansLenders often require between one month and a year's worth of bank statements for loan applications. If you're short on computer storage, consider storing your digital bank statements in an encrypted manner on Google Drive or iCloud. Keeping bank statements FAQsWhy is it important to keep bank statements? You should keep bank statements for at least seven years, in case the IRS needs to verify transactions during an audit. Keeping digital copies of your bank statements is increasingly preferred to keeping physical copies.

Persons: Patrina Dixon, Dixon Organizations: Google

Fidelity Rewards Visa Signature OverviewIf you're new to investing and want a hands-off way to earn (and invest) rewards from your everyday spending, the Fidelity® Rewards Visa Signature® Card is an easy starting point. Fidelity Rewards Visa Credit Card RewardsWith the Fidelity® Rewards Visa Signature® Card, you'll earn 2 points per dollar you spend on every purchase. Fidelity Rewards Visa Signature Card Benefits and FeaturesNearly all of the Fidelity Visa card's benefits come as a function of being a Visa Signature card, which includes travel benefits, extended warranty, and lost luggage reimbursement. Fidelity Rewards Visa Credit Card Annual Fee and Other CostsThe Fidelity® Rewards Visa Signature® Card has a $0 annual fee, so you won't pay anything to keep it long-term. Why You Should Trust Us: How We Reviewed the Fidelity Rewards Visa Signature CardTo review the Fidelity® Rewards Visa Signature® Card, we followed our credit card rating methodology.

Persons: you'll, Roth, —, I've, Schwab Organizations: Business Insider, Citi, Fidelity, Roth IRA, Fidelity Visa, Fidelity Cash Management, Elan Bank, Wells, Cash Locations: Sonoma County, New York

The U.S. Small Business Administration recommends opening a business bank account once you're ready to spend money or begin collecting income. Whether you're a freelancer, small business owner, or full-scale corporation executive, a business bank account is an important stepping stone to becoming a fully-fledged business. Once you've developed a formal business plan and received the necessary certificates and licenses for your business, opening a business bank account will be the next step. These are the most common business bank accounts available at most banks:Business checking account : You can manage everyday business operations with a business checking account. Additional business documentationEvery business owner needs to provide basic business information to open a bank account, including the business name and address.

Persons: you've, Merchant, EIN, hasn't Organizations: U.S, Small Business Administration Locations: Chevron

☆ How Project 2025 could impact your tax bracket and capital gains under a second Trump term
▼ + stars: | 2024-07-20 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +2 min

More from Personal Finance:Lower capital gains tax, SNAP cuts: What Project 2025 could mean for your walletMany Americans think they're insulated from climate change. On a website dedicated to Project 2025, the Biden campaign describes the plan as a "blueprint for Trump." However, several former Trump officials have been directly affiliated with Project 2025 and Trump praised the Heritage Foundation in April 2022 in a recently resurfaced video. "As President Trump said, he has nothing to do with Project 2025," said Steven Cheung, a spokesman for the Trump campaign. Earlier this month, the group told CNBC: "As we've been saying for more than two years now, Project 2025 does not speak for any candidate or campaign.

Persons: Donald Trump applauds, Donald Trump, Joe Biden, Biden, Trump, Steven Cheung, we've Organizations: Republican National Convention, Heritage Foundation, Finance, Lower, SNAP, Federal, Trump, GOP, CNBC Locations: Milwaukee , Wisconsin, U.S

Introduction to Business Credit Cards with No Annual FeeYou don't need to worry about paying a high annual fee to open one of the best small business credit cards. Best Business Credit Cards with No Annual Fees of June 2024The Blue Business® Plus Credit Card from American Express: Best for earning travel pointsThe American Express Blue Business Cash™ Card: Best for earning cash backInk Business Unlimited® Credit Card: Best for maximizing Chase pointsInk Business Cash® Credit Card: Best for business expenses like office supplies and internetU.S. Bank Business Triple Cash Rewards World Elite Mastercard® : Best for generous welcome bonus with 0% intro APR: Best for generous welcome bonus with 0% intro APR U.S. Bank Business Platinum Card: Best ultra-long introductory APR offerBank of America® Business Advantage Customized Cash Rewards Mastercard® credit card : Best for customizing rewards: Best for customizing rewards Bank of America® Business Advantage Travel Rewards World Mastercard® credit card : Best for travel purchases: Best for travel purchases Capital One Spark 1% Classic† : Best for Building CreditNo-Annual-Fee Business Card ReviewsPremium credit cards can offer hundreds of dollars in value, but many business owners balk at the idea of paying an annual fee on a credit card. This list highlights many of the best no-annual-fee business credit cards available in 2024, according to Business Insider's team of credit card experts. No-Annual-Fee Business Card Frequently Asked QuestionsHow do I choose the best no-annual-fee business card for me? Why You Should Trust Us: How We Chose the Best Business Credit Cards with No Annual FeesThere are lots of no-annual-fee business credit cards on the market.

Persons: You've, you'll, APRs, Cash, you've, Hilton, You'll, it's, Chase, Read, Cardholders, cardholders, EIN Organizations: Business Insider, U.S . Bank Business, Cash, Mastercard, Bank of America, Express, American Express, Chase, Ink, FDIC, . Bank Business, Rewards, EV, U.S, Bank, U.S . Bank, of America, Business, Capital, Best, Bank Business, . Bank, American, Air Canada Aeroplan, British Airways Executive Club, Marriott Bonvoy, Global, Amex, Card, Sapphire, Elite Mastercard, Merrill, Travel, Bank of America Travel Center, Credit Locations: U.S, Chevron

Benefits of passive income strategiesWhat makes passive income strategies so appealing are the benefits, such as:Requires less ongoing effort: Compared to working full-time, passive income requires significantly less time and effort. Drawbacks of passive income strategiesWhile the concept of earning passive income sounds attractive, it's crucial that you understand all the risks involved and that you manage your expectations accordingly. Some of the major drawbacks of passive income strategies are:Unpredictability: The success of passive income strategies can be unpredictable and are generally out of your hands. Passive income — Frequently asked questions (FAQs)How much money do I need to start generating passive income? While some passive income streams require consistent minimal effort after the initial setup, other passive income strategies may require more extensive hands-on maintenance or monitoring.

Persons: Tiffany Grant, there's, wouldn't, Bonds, Melissa Jean, Baptiste, Grant, You'll, you'll Organizations: Coca, US Treasury, Federal Reserve, IRS

Introduction to Paying Taxes with a Credit CardYou can pay your annual taxes with a credit card. Benefits of paying taxes with a credit cardEarning rewards or cash backIt makes sense to pay your taxes with a credit card if you're trying to earn a rewards credit card welcome bonus, as long as the rewards are worth more than the cost of the credit card transaction fee and if you pay off your balance before you begin accruing interest. Quick Tip: When you pay taxes with a credit card, the transaction is processed as a purchase, not a cash advance — so you'll still earn credit card rewards. Review: Chase Ink Business Preferred card reviewPaying Taxes By Credit Card Frequently Asked QuestionsCan I pay any type of tax with a credit card? Paying taxes with a credit card impacts your credit score if the payment significantly increases your credit utilization ratio.

Persons: Paul Rosa, you'll, Read, that's, You'll, Chase, It's Organizations: Business Insider, Citi, Turbo, Finance, IRS, ACT, ACI, Chase, Sapphire Reserve, Capital

These are the general business structures eligible for business credit cards:Sole proprietorships and freelancersLimited Liability CorporationsCorporationsPartnershipsNonprofitsWhat credit score do you need to qualify for a business credit card? Business credit card eligibility requirements vary from card to card, but most credit card companies look for at least a good credit score. Compare credit cardsThe process of choosing the right business credit card is similar to the process of choosing a personal credit card. Business credit card vs. consumer credit cardBusiness credit cards often have very sweet incentives to sign up, but they can also be harder to get than personal credit cards. Business Credit Card Qualifications Frequently Asked QuestionsWhat do you need to get a credit card for your business?

Persons: Uber, Banks, You'll, you've Organizations: Business, Business †, U.S . Bank Business, Cash, Mastercard, Costco, Citi, CitiBusiness, eBay, IRS, Social, Facebook Locations: U.S, Chevron

☆ Real estate pros agree that rental income isn't 'passive' and are turning to more hands-off strategies
▼ + stars: | 2024-07-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

It sounds simple enough — rent comes in and, ideally, it's greater than the rental expenses, resulting in positive cash flow — but real estate investors agree that rental income shouldn't be categorized as passive. "You hear that real estate investing is passive, and that's certainly not been my experience," New England-based investor Tess Waresmith, who owns five units, told Business Insider. But when I'm not actively buying, I don't spend much time on real estate." Real estate syndicationWith real estate syndication deals, a group of investors pool together their capital to purchase a single property managed by the syndicator. He recommends starting with an online search for "real estate syndicates" or "commercial real estate syndicates" if you're specifically interested in commercial deals.

Persons: —, that's, Tess Waresmith, Stephen Yin, I'm, Carl, Mindy Jensen, we've, Mindy, Erik Smolinski, Smolinski, hasn't Organizations: Service, Business Locations: New England, Los Angeles, Birmingham, Colorado

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