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Ramsey's listeners call in and, after describing how they paid off their debt by following Ramsey's advice, scream, "WE'RE DEBT-FREE." With a non-existent credit score, I couldn't even get approved for a normal credit card. One family member mentioned that Ramsey's advice is to save longer and pay for a house in cash. Meanwhile, he stigmatizes legitimate paths forward, such as having a credit score built on years of responsible credit use. In my own journey to buy a home, I saw clearly that Ramsey's advice is not given with my circumstances — or my success — in mind.

☆ 5 real estate investors who started with low credit scores or zero credit at all share 4 strategies they used to boost their credit and buy their first homes
▼ + stars: | 2023-04-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Insider has spoken to successful real estate investors who started with terrible credit, or no credit at all, and still managed to buy investment properties. Like many young students, they didn't fully understand how credit worked and ended up racking up credit card debt. Apply for a secured credit card and pay your bills on timeWithout any credit history, Afzal couldn't open a regular credit card. Instead, he had to start by getting a secured credit card, which is a starter card that doesn't require a credit history or credit score. The credit card company will hold that money as collateral if you end up defaulting your card.

☆ A real-estate investor who estimates his properties have appreciated over 60% in value explains exactly what he's looking for in a property — and how he finds great deals
▼ + stars: | 2023-04-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Part-time real estate investor Atif Afzal says his properties have gone up in value by more than 60%. He invests in Monroe, New York, which is about 50 miles north of New York City. Atif Afzal bought his first property in Monroe, New York in 2019. What he's looking for in an investment propertyAfzal has a few specific requirements when he's looking at investment opportunities. It helps that he's worked with the same realtor since day one, he said, since she's aware of exactly what types of properties he's looking for.

☆ I moved from New York to Arizona after falling in love with the state on vacation. The drivers are worse, but I was actually able to buy a home.
▼ + stars: | 2023-04-18 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +5 min

John Saverino moved from Long Island, New York, to Glendale, Arizona, in April 2022. I lived in Long Island, Nassau County — two miles from the beach. My commute to work now actually ends up being about the same mileage as in New York, but sometimes the traffic is actually worse here. Saverino was tired of the constant traffic on Long Island. fotog/Getty ImagesIn Long Island, the drive was more highway.

☆ A part-time real estate investor who is financially independent thanks to his rental income shares 3 strategies he's used to maximize cash flow
▼ + stars: | 2023-04-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Part-time real estate investor Atif Afzal is financially independent, thanks to his rental income. To maximize his cash flow, he manages his properties himself, rather than paying a property manager. When Atif Afzal set out to invest in real estate, his goal was to create cash flow. He shared three strategies that have helped him maximize cash flow and create financial independence. There are other advantages to buying in cash besides the cash flow component: "The biggest advantage is you are in the driver's seat and in a better position to negotiate with the seller.

☆ A 37-year-old immigrant who started with 'zero credit' and couldn't get a mortgage when he moved to New York explains how he built a 4-property portfolio that's helped him achieve financial independen
▼ + stars: | 2023-04-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Atif Afzal moved to the US in 2018, he didn't have a credit score and had to start from scratch. His lack of credit became a problem when he wanted to buy a home, so he saved up to buy it in cash. When Atif Afzal moved from India to upstate New York in 2018, he didn't have a credit score. Unable to secure a mortgage, he decided to buy his first property with cash. When he first decided to buy property, "my priority was selecting an awesome location," he said.

☆ Top 10 places in the U.S. to buy a beach house based on vacation rental performance, home value and more
▼ + stars: | 2023-04-09 | by ( Celia Fernandez | ) www.cnbc.com time to read: +1 min

Buying a second home, whether it's a lake house or a house on the beach, is a pretty significant investment for most. But it's one that can come with many benefits like a side hustle or extra income if you use the space as a rental property. In April, vacation rental management platform Vacasa released its annual ranking of the top 10 best places to buy a beach house in the U.S. based on the highest cap rates or yearly rate of return on investment. To determine the ranking, Vacasa did the following:Analyzed home sales and vacation rental performance data from the last 12 monthsUsed actual performance data for the market as a whole, where available, to determine average gross rental incomeConsidered the averages of the following in each market: property taxes, utilities, HOA fees, insurance, and property management fees to calculate the average cap rateIt's important to note that Vacasa suggests buyers check current local regulations before deciding to buy a beach house because different areas have different rules about renting out a property.

☆ Inside Nike: Sources share claims of sexism, cheating, abuse at the world's wokest brand
▼ + stars: | 2023-04-05 | by ( Joshua Hunt | ) www.businessinsider.com time to read: +51 min

The conservative blowback came as no surprise to Parker, who told Nike's board of directors to expect some short-term backlash. In late 2014, the BBC sent a film crew to Portland to interview several former Oregon Project employees. "He would be at the side of the track calling out runners' splits but wouldn't call Kara's out," Adam Goucher told me. When people asked why she left the Oregon Project, she said it was a "personal decision." "I don't think it has anything to do with who the CEO is," Goucher told me.

☆ 90% of homeowners didn't realize how expensive it would be—here's what surprised them the most
▼ + stars: | 2023-03-17 | by ( Mike Winters | ) www.cnbc.com time to read: +2 min

Additionally, 73% of those surveyed said they had regrets about buying their home, with expensive maintenance and hidden costs cited as the most common reasons. Only 35% of homeowners say they had no feelings of buyer's remorse after buying their home. Rapidly rising home prices may also explain why nearly a third of homeowners say they overpaid for their home. Of those with regrets, homeowners say they've been surprised by the cost of the following items. With the benefit of hindsight, 57% of homeowners say they would have approached buying a house differently had they realized the true cost of homeownership.

Financial planner Nicole Morong says buying a house isn't the best decision for six types of people. But financial planner Nicole Morong at Peterkin Financial says buying a house isn't the best financial move for everyone, and most people who feel pressured to do so can't actually afford it. See Insider's picks for the best mortgage lenders for first-time buyers >>"Affordability is more than whether or not you can pay the monthly mortgage," Morong says. If you do, Morong says you're probably better off renting than owning a home. You don't have an emergency savings fundAn emergency savings fund is three to six months worth of living expenses, typically kept in a high-yield savings account so that it's easily accessible in case of an emergency.

During the pandemic, mortgage rates plummeted below 3%, flooding the real estate market with homebuyers trying to snag a good rate. "Mortgage rates have trended down in the past couple of months," he says. So... [for] someone waiting for a 3% or 4% mortgage rate, it's not going to happen." For example, Rocket Mortgage is currently offering a mortgage rate buydown program called Inflation Buster. Evaluate whether you're buying for the right reasons and determine if you and your budget are ready for this important milestone.

This story is part of CNBC Make It's Millennial Money series, which profiles people around the world and details how they earn, spend and save their money. Lucas and Yana Bononi in New York City. CNBC Make It"I always was very ambitious and saw this as the place for me," Yana tells CNBC Make It. Lucas and Yana Bononi at an art exhibition. Yana Bononi filming a fashion shoot.

☆ Three Friends Pooled Their Finances and Bought a Queens House Together. Which One Did They Choose?
▼ + stars: | 2023-01-26 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

“We were thinking, what can we find within our budget?” said Mr. del Castillo, 40. Mr. Loy, 42, was eager to move out of his cramped one-bedroom rental on the East Side of Manhattan. “Suddenly I was like, ‘Well, this is tenable,’” said Mr. del Castillo, a retail logistics manager. If, say, Mr. Loy brought a partner into his home, he would continue to pay his full portion of the mortgage. If Ms. Russo and Mr. del Castillo had a baby, Mr. Loy said he would be eager to babysit.

☆ Floridians can blame vacation homes and 'oppressive' homeowners associations for their high rents, economist says
▼ + stars: | 2023-01-13 | by ( Robert Davis | ) www.businessinsider.com time to read: +5 min

Too many vacation rentals and strict homeowners associations are pushing up housing costs, a study said. According to Johnson, there are too many vacation rentals in the Sunshine State. It's this particular combination of strict HOA rules and the sheer number of vacation rentals is a mixture that is affecting housing affordability negatively, he said. According to Johnson's study, Florida is now home to 9 of the 21 most overpriced rental markets in the US. The number of vacation rentals in the state is only making it harder for people to find affordable places to rent, the study suggests.

☆ A Seattle-based real estate investor who has 'never lost money on a deal' explains exactly what he's looking for when buying property. 'I say no to 99.5% of deals.'
▼ + stars: | 2022-11-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Seattle-based real estate investor Todd Baldwin is picky when it comes to selecting properties to buy. "It's not because I'm afraid of the market or because I'm bearish on real estate," he emphasized. It's worth noting that multi-family properties aren't prevalent everywhere. That's what Baldwin did with most of the single-family properties he's owned over the years. If it's a house I'm renting out by the bedroom, I want one parking spot for every rentable bedroom.

But rental real estate isn't a part of their long-term plan. The couple also bought a move-in-ready condo in Marietta, Georgia, in 2014 for additional rental income. Below, the six reasons the Saunderses sold their properties, and why they're relieved they weren't landlords at the height of the pandemic. The couple soon started to notice that their creator income surpassed their income from rental properties. Seeing how much they could earn as creators, it just didn't make sense to keep pouring their energy into managing rental properties.

My wife and I had about $20,000 of student loans and car debt when we got married. We decided to use the debt snowball method to pay it all off but realized we needed to earn more. 15% of our take-home pay was going to student loans and car payments, and we were just paying the bare minimum. Our student loan debt was a collective $12,000 and the rest was car debt. Having seen the debt snowball and debt avalanche methods laid out, we opted for a snowball approach to take advantage of the early wins for motivation.

☆ Home Depot's famous giant skeletons keep getting stolen from front yards
▼ + stars: | 2022-10-28 | by ( Mary Meisenzahl | ) www.businessinsider.com time to read: +3 min

A skeleton Halloween decoration was reported stolen from a Chicago front lawn on October 13, The Chicago Tribune reported, amounting to $600 in losses. Home Depot's skeletons have been popular since they first launched, leading to record Halloween sales for the home improvement chain in 2020. The $300 skeletons sold out by the end of September, ahead of Halloween. In October of 2022, the skeletons remain sold out at Home Depot and getting one isn't easy. "We encourage all our customers that experience this to reach out to local law enforcement," Home Depot told Insider in a statement.

☆ My family's 10 savings accounts may seem like a lot, but they've helped us buy a car in cash, pay for emergency expenses, and easily cover holiday expenses
▼ + stars: | 2022-10-24 | by ( Rob Phelan | Read More | Read Less | ) www.businessinsider.com time to read: +7 min

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To determine how much house you can afford, think about your monthly payments and upfront costs. When buying a house, the general rule of thumb is that you should spend 28% or less of your gross monthly income on housing expenses. To calculate 28% of your monthly income, multiply your gross monthly income (that's your income before taxes) by 0.28. If you abide by the 28% rule, you can afford to spend up to $1,400 per month on your house, including your mortgage, interest, property taxes, homeowners insurance, and homeowner's association dues. Ways to boost your buying powerYour interest rate can make a big difference in how much house you can afford.

"The government wants to fix what it sees as the 'news-lisation' of social media," said one source familiar with the talks. "News-lisation", or báo hoá, is a term used by the authorities to describe the misleading of users into thinking that social media accounts are authorised news outlets. Authorities would be able to order social media companies to ban accounts that break those rules, they said. YouTube has 60 million users in Vietnam and TikTok has 20 million, according to 2021 government estimates, although Twitter remains a relatively small player. Sources told Reuters in April that the new rules, which were originally planned for July, reflected the government's dissatisfaction with social media platforms' take-down rates.

☆ I struggled to pay my mortgage during a personal financial crisis. Here's how I cut back on expenses and dug my way out of hardship.
▼ + stars: | 2022-09-27 | by ( Dustin Siggins | ) www.businessinsider.com time to read: +7 min

2018 was a tough year for Dustin Siggins and his family as they dealt with some financial strain. The US took home 23 medals from the Winter Olympics, unemployment was low, and global progress against poverty was accelerating. We'd also purchased our first home eight months earlier without a down payment, so we were technically under water on our loan. Second, my wife took on multiple part-time jobs while she was looking for a full-time job. But our personal financial crisis prepared us for navigating any time — good or bad.

Your HOA's master policy will cover some water damages, but you may be responsible for other water damages depending on the situation. Does condo insurance cover water damages? So you'll need condo insurance if you live in a condo or co-op, also known as HO-6. Flooding: Like a homeowners insurance policy, condo insurance does not cover water damages due to flooding. Like a homeowners insurance policy, condo insurance does not cover water damages due to flooding.

☆ This 29-year-old makes $400,000 per year and owns 3 properties: '5 things I refuse to spend money on'
▼ + stars: | 2022-04-19 | by ( Alexandra Fasulo | ) www.cnbc.com time to read: +2 min

Now, at 29, I have six streams of income — from freelance writing, influencer sponsorships, eBook sales, course sales, ad revenue and affiliate revenue. Like any member of the gig economy, I know I can't count on making this much money forever. So while I sometimes splurge on food, entertainment and travel, I otherwise save and invest aggressively to boost my net worth. To live my dream life and still save most of what I earn, here are five things I refuse to spend money on:1. Not only do I save money this way, but I'm also helping the environment by donating all of my unused clothes to Goodwill.

☆ Cel puţin cinci morţi şi o persoană dispărută, după inundaţiile din Vietnam
▼ + stars: | 2020-12-01 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Printre victime se numără un bărbat şi cele două fiice ale sale, în vârstă de 8, respectiv 11 ani. Ei au fost luaţi de ape luni seara, în timp ce traversau un pârâu, a anunţat comitetul naţional pentru operaţiuni de căutare şi salvare. Corpurile lor au fost găsite la aproximativ un kilometru distanţă, scrie agerpres.ro Autorităţile din provincia Lam Dong au găsit trupul uneia dintre două turiste date dispărute după ce au fost surprinse de o viitură în timp ce traversau duminică un pod suspendat. Echipele de intervenţie o caută în continuare pe cealaltă femeie dispărută.În altă regiune, o femeie a murit electrocutată după ce casa în care se afla a fost inundată în urma ploilor, în provincia Khanh Hoa, au declarat autorităţile locale.Zonele din centrul Vietnam au fost afectate de ploi torenţiale începând de sâmbătă. În unele regiuni au fost înregistrate cantităţi de precipitaţii de 190 milimetri în ultimele trei zile, a indicat Centrul Naţional de Prognoză Hidrometeorologică.Inundaţiile şi alunecările de teren au provocat decesul a 372 de persoane din ianuarie până în decembrie şi pagube în valoare de 1,65 miliarde de dolari, potrivit Biroului General de Statistică din Vietnam.

Organizations: Statistică Locations: Lam Dong, Khanh Hoa, Vietnam

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