DIRS.INFO The most relevant business & tech news

☆ Home flipping and BRRRR are back: Interest rate cuts are set to fuel a resurgence in the real-estate investing strategies, says BiggerPockets' housing-market guru
▼ + stars: | 2024-08-04 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Read previewHome flipping and the BRRRR method have been in the doghouse among much of the real-estate investing community over the last couple of years. As the Federal Reserve jacked up interest rates and home prices cooled off, warnings about the viability of these strategies abounded. But now, the popular strategies are due for a resurgence, according to Dave Meyer, BiggerPockets' housing market expert. Related storiesOne piece of evidence for this is that home flipping profits have generally been on the rise since the start of 2023 and jumped significantly in Q1 2024, according to real-estate data firm ATTOM. Further, he argues, the housing market is not as volatile as the stock market, and it's rare to see forced selling on a grand scale, he said.

Persons: —, Dave Meyer, BiggerPockets, Meyer, he's bullish, there's, it's, Skylar Olsen, she's Organizations: Service, Federal Reserve, Business, ATTOM, Labor

☆ 'Forget about Florida' and 6 other key pieces of real estate advice from Barbara Corcoran
▼ + stars: | 2024-06-28 | by ( Celia Fernandez | ) www.cnbc.com time to read: +6 min

Barbara Corcoran has been in the real estate industry for over 40 years. Barbara Corcoran has made quite a name for herself with more than 50 years in the real estate business. Over the years, Corcoran has shared key pieces of real estate advice on various topics, including the best places to buy a home, why young people should invest in real estate early, and more. Finally, "you want to make sure you make the key improvements in your kitchen," Corcoran said. "Ask them if they have any special discounts for good customers who have been banking with them for a while," Corcoran recommends.

Persons: Barbara Corcoran, Corcoran, Elvis Duran, There's, there's, Young, it's Organizations: Sunshine State, CNBC Locations: Florida, U.S, …, New York

☆ Early retirees and financially independent investors share 3 IRS rules they've used to avoid taxes and improve their finances
▼ + stars: | 2024-05-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Business Insider has spoken to financially independent real estate investors and early retirees who have used IRS rules to improve their financial situation. AdvertisementThough there are a lot of restrictions, it made sense for Cooper, who was fully committed to early retirement. "The longer it's sitting in there, the more money it's going to generate, the more taxes you're going to pay down the road. Zeona McIntyre uses 1031 exchanges to sidestep capital-gains taxes indefinitelyBoulder-based real estate investor and author of "30-Day Stay," Zeona McIntyre. There are ways to reduce your capital-gains tax liability, like deducting your property's depreciation.

Persons: —, Mindy, Carl Jensen, Carl, Mindy Jensen, Mindy Jensen Colorado, they've, Eric Cooper, Eric Cooper Eric Cooper, Cooper, Zeona McIntyre, Zeona McIntyre Zeona McIntyre, you'll, McIntyre, There's Organizations: Service, Business, IRS, Independence Locations: Colorado, I'm, Boulder

☆ An early retiree describes the journey as a 'death march' and shares his top regrets: Working 80-hour weeks 'made us wealthy, but I wouldn't do it again'
▼ + stars: | 2024-05-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Carl spearheaded their financial independence journey after discovering blogs like "Get Rich Slowly" and "Mr. Money Mustache" around 2010. He likens his financial independence journey to "a death march" — and has regrets. Jensen, who has done seven 'live-in flips,' chose to do most of the renovations himself. Advertisement"The whole point of financial independence is to increase your happiness and live a better life," he said.

Persons: —, Carl Jensen, Mindy, Carl, they've, Jensen, We've, It's Organizations: Service, Business

☆ 'The deals are going to come': A real-estate investor with over 40 years of experience shares the 2 financing strategies he used to build up his portfolio — and the best way new investors can start sc
▼ + stars: | 2024-05-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Preparation and being in the right place at the right time is how he said he's built up his real-estate portfolio in Erie County, Pennsylvania, over the last four decades. Throughout his real-estate investing journey, many of Miller's deals came about through seller financing and being at the right place at the right time. Another financing strategy Miller employed to build his portfolio was using a hard-money lender. "Hard-money lending is probably something that's going to help you grow your portfolio faster than any other thing," Miller said. "Most of these programs range anywhere from a hundred percent financing all the way up to 105% financing, depending on the state."

Persons: Joel Miller, he's, Miller, Miller —, —, Miller's, Jeff Welgan, Freddie Mac's, Welgan Organizations: Business, Facebook, Housing Act Locations: Erie County , Pennsylvania, New

☆ A financially independent couple that has built wealth doing 7 'live-in flips' has paid zero capital gains taxes on their property sales, thanks to an IRS rule
▼ + stars: | 2024-05-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

"One of our big strategies was 'live-in flip,'" Carl, who retired in his 40s and runs the financial independence blog "1500 Days to Freedom," told Business Insider. The Colorado-based couple is wrapping up their eighth live-in flip, in which they buy a house, rehab it while living there, and then resell it. While they haven't earned more than $500,000 on a flip yet, they could on the sale of their current live-in flip. To avoid paying capital gains taxes, "we're actually considering putting one of our daughters on the title," said Mindy. That way, they'd have three individuals on the title and could shield up to $750,000 from capital gains.

Persons: —, Carl, Mindy Jensen, Jensen, they're, it's, they've, Mindy, we're, they'd Organizations: Service, Business, IRS Locations: Colorado, New York City

☆ A mortgage advisor shares how to get the 3.5% down payment on an FHA loan fully covered — and the 3 best strategies real-estate investors can use to maximize leverage from government loans
▼ + stars: | 2024-05-02 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This was achieved by allowing first-time buyers to purchase a home with a smaller down payment — as low as 3.5%. The program is still around, and it's often a great way for real-estate investors to get started. Advertisement3 ways to make the most of government loan programsWelgan also shared two strategies that real-estate investors can use to maximize the leverage offered through government loans. Buyers can now purchase up to a four-unit property with a down payment of as little as 5%. "That's been a game changer for real-estate investors," Welgan said.

Persons: —, Jeff Welgan, Fannie Mae, Buyers, Welgan, Fannie Mae's, That's, ADUs, Dave Meyer, Fannie, I've Organizations: Service, Act, Business, Federal National Mortgage Association, Mortgage, Urban Locations: Los Angeles County , California, Michigan, California

☆ A financially independent couple that built wealth doing 'live-in flips' is pivoting to private lending. It's more passive and earns them 'about 12%' — but you need 2 things to get started.
▼ + stars: | 2024-04-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

When he was working full-time while also DIY home flipping, Carl recalls putting in 80 hours a week. Shifting to a more passive real-estate strategy: Private lendingThe Jensens started experimenting with private lending in 2016. "The private lending generates such a nice return that it's difficult to be like, 'No, we don't want to have the easy money. To get started in private lending, you need capital and a network. They're confident in the people that they're lending to, "and that is the most important part about lending out money: lending it to somebody that's going to pay you back."

Persons: —, Carl, Mindy Jensen, It's, they've, Mindy, We've, who's, I'm, Let's, we're Organizations: Service, Business Locations: Colorado, New York

☆ A couple that grew their portfolio by $4 million in 11 years explain how they invest their money, including the individual stocks they own
▼ + stars: | 2024-04-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

They'd been smart with their money, Carl had maxed out his 401(k) every year, and they'd made money flipping homes. With a specific early retirement goal in mind, however, they revamped their investment strategy — and they started seeing results. He and Mindy, who works part-time as a podcast host for BiggerPockets, have grown their investment portfolio from $586,000 in 2013 to $4.6 million in 2024. "Almost all of our new money goes to index funds at this point in our life." Courtesy of Carl and Mindy JensenAs for general investing advice, "If they want to be completely passive, they should do index funds," said Carl.

Persons: Carl Jensen, —, weren't, They'd, Carl, maxed, they'd, Mindy, Carl Jensen They're, who's, I'm, Let's, we're, we've, Collins, Jensen, Mindy Jensen Organizations: Independence, Business, Google, Vanguard, Fund, Vanguard Information Technology Index Fund ETF, Fidelity, MLS Locations: Longmont , Colorado, It's, Colorado

☆ I profited $1.4 million last year as an Airbnb Superhost. Here's how I'm using real estate to achieve financial freedom.
▼ + stars: | 2024-04-05 | by ( Perri Ormont Blumberg | ) www.businessinsider.com time to read: +5 min

I wanted wealth, exotic cars, luxury vacations, time, and freedom, so I pivoted to real estate. I started my business in 2017, and in 2023, we made $11.5 million in revenue and $1.4 million in net profit. I started listening to the "BiggerPockets" podcast and read "Rich Dad, Poor Dad," which motivated me to pursue financial freedom. I expected it to take me 15 years to replace my salaried income through real estate, but I was determined. Here's my Airbnb adviceMy best advice to other aspiring Airbnb Superhosts is to learn from other hosts' experiences.

Persons: —, Syed Lateef, It's, Rich Dad, Dad, Gino Wickman's, you'll Organizations: Service, Business, Allstate, EOS, Facebook Locations: Chicago, Airbnbs

☆ Looking to sell your home? Here are 4 cheap or free things you can do boost its value and get a higher price, according to Zillow.
▼ + stars: | 2024-03-15 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

But there are still a few small things to consider before selling that could help you bump up your house's value even further. 4 things to boost your home's valueFirst, Pendleton said adding a fresh coat of interior paint can add value to your home. Dark gray outperformed white in every single room that we tested," Pendleton said. "So it is a really good option, even in the bedroom and the bathroom, if you feel like, 'Oh, dark gray is way too much for my kitchen.' She added: "I'm telling you, dark gray covers a lot of imperfections, and it feels modern.

Persons: You've, you've, it's, Amanda Pendleton, Pendleton, Zillow, Soapstone countertops, I'm Organizations: Business Locations: Zillow's, soapstone

☆ A certified financial planner shares 4 things new real-estate investors should do before they buy their first property — including 2 budgeting strategies for building up savings
▼ + stars: | 2024-02-28 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

Getting into real-estate investing for the first time can be a scary thing. But according to Kyle Mast, a certified financial planner, preparation can help mitigate fear when buying your first property. Establish a visionThe first is to develop a vision and a goal for where you want to go with real-estate investing and what you hope to achieve with it. The bigger this number is, the better position you are in to both secure a lower mortgage rate and weather any real-estate investing storms. "I would say one of the best things you can do is if you know somebody that does real-estate investing, buy them coffee, and just talk to them about it and see what they did."

Persons: Kyle Mast, Mast, you've, Dave Meyer, It's

☆ 3 ways real-estate investors can sidestep high mortgage rates when buying a new rental property, according to BiggerPockets' housing market expert
▼ + stars: | 2024-02-02 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

While 30-year mortgage rates have come down by more than a full percent to around 6.6%, they're still significantly more elevated than their 2021 low of less than 3%. Lower mortgage rates mean higher cash flows and a higher likelihood for appreciation, which is good for strategies like flipping. But there are ways for real-estate investors to get around higher rates, Meyer says. This means asking the seller if they can provide a cash payment that effectively lowers mortgage rates for the first few years of ownership. Given that rising mortgage rates have largely killed demand in the housing market, buyers have had more success recently getting deal-sweeteners like rate-buydowns, according to research from Redfin.

Persons: they're, Dave Meyer —, —, Molly Grace, Meyer, Welborn Organizations: Business

☆ A real-estate investing expert shares 5 affordable cities where rental properties deliver excellent cash flow — including 3 with median prices under $180,000
▼ + stars: | 2024-01-31 | by ( William Edwards | ) www.businessinsider.com time to read: +1 min

BiggerPockets' Dave Meyer recently shared 5 cities great for generating cash flow through real-estate investing. Meyer said their affordable home prices and low price-to-rent ratios make them attractive. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Amid one of the least affordable environments in decades — thanks to eye-popping home price appreciation over the last few years and surging mortgage rates — buyers are increasingly looking for more affordable markets, Meyer said.

Persons: BiggerPockets, Dave Meyer, Meyer, — Organizations: Service, Midwest, Business Locations: Toledo , Milwaukee, Cleveland, Cincinnati, Indianapolis, New York, Miami, Los Angeles, San Francisco, Seattle

☆ BiggerPockets' housing guru shares his top 4 real-estate investing strategies for today's market — including why investors should seriously consider building a new property
▼ + stars: | 2024-01-25 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Home-price appreciation has also slowed — and in many cities turned negative — making strategies like flipping much less viable. 4 ways to build wealth in today's marketIn an interview with Business Insider on Wednesday, Meyer listed four strategies real-estate investors should consider at the moment. With rates high and deals harder to find in the market, investors could find returns by lending out their own money to other investors. "There's very little supply on the market right for existing homes. Rates on 30-year fixed-rate mortgages are around 7% right now, and Meyer expects rates to stay between 6-7% in the near-future.

Persons: Dave Meyer, Meyer, Redfin Organizations: Business, Rocket Mortgage, Builders, Federal Locations: BiggerPockets

☆ How to buy your first rental property: 5 crucial things to look for and how to make sure it will cash flow, according to BiggerPockets' CEO
▼ + stars: | 2023-11-15 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

This means the property will probably be in a fairly affordable range, and won't be too much to manage. This can mean the economic and population trends in the state or city you're looking to invest in are positive. Making sure a deal cash flowsConsidering the above criteria, Trench said to make a "buy box," or a specific outline of the exact type of property you're looking for. The "buy box" should include specific neighborhoods you're looking to buy in, and a specific price range you're looking to buy in. After all of these expenses, the landlord would still pocket $390 a month, Trench said.

Persons: Scott Trench, Trench Organizations: Business Locations: Troy , New York

☆ The average monthly mortgage on a new home is 52% higher than the average rent on an apartment: report
▼ + stars: | 2023-10-23 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +2 min

High home prices and mortgage rates are locking a lot of first-time homebuyers out of the market. A monthly mortgage on a new home is now 52% higher than rent on an apartment, per WSJ. Mortgage and rent used to roughly cost the same, according to CBRE. AdvertisementAdvertisementThe average monthly mortgage on a new home is 52% higher than the average rent on an apartment as housing prices and interest rates continue to climb. In the past, a monthly mortgage could cost the same or less as the monthly rent on an apartment, according to an April report from CBRE.

Persons: —, Goldman Sachs, Daryl Fairweather, Redfin's, Insider's Jacob Zinkula, there's, David Meyer Organizations: Mortgage, Service, Street Journal Locations: CBRE

☆ 3 reasons it could be the right time to buy a home, despite high interest rates
▼ + stars: | 2023-10-22 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +7 min

Despite high prices and mortgage rates, they said homeownership will pay off for many people in the long-run. Many Americans have been left wondering when — if ever — the time will be right for them to enter the housing market. "Many homeowners first bought their home when interest rates were high — the 50-year average rate on a mortgage is 7.8%," he said. Even if cuts to interest rates cause mortgage rates to fall, they're unlikely to return to the near-zero levels they were in 2022. If and when mortgage rates fall, Yun said that some homeowners who have been eager to move — but have been reluctant to give up their low interest rates — will likely decide to sell.

Persons: homeownership, —, Andy Walden, homebuyers, Jerome Powell, Alex Wong, Daryl Fairweather, Redfin's, Lawrence Yun, Yun, Selma Hepp, Connolly, Mott aren’t, David Meyer, Redfin's Fairweather, Fairweather, There's, there's, Jenna Stauffer, Hepp, Meyer Organizations: Service, National Association of Realtors, ICE Mortgage Technology, CNBC, Federal Reserve, Reserve, CoreLogic, Brigade, Homeowners, International Realty Locations: Washington , DC

☆ A real-estate investor who's written multiple books shares 2 ways to build wealth through rentals — including one that can deliver financial independence in 15 years
▼ + stars: | 2023-09-27 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

Sort of like in the '90s, the trend was to sell workout equipment that was easy to use," said Greene, who says he owns rental properties in several states. Last week, Greene shared with Insider two tips from his book that new investors can follow build wealth. 2 'incredibly simple' strategiesThe first is house hacking, or renting out part of the property you live on to a tenant. When the second property is paid off, you can then pull equity out of that one, and so on. "You'd just live off of the money that pull out of your properties if you work really hard for 15 years."

Persons: David Greene doesn't, Greene, aren't

☆ 3 cities with opportunities 'hiding in plain sight': A housing expert says it's probably a good time to buy the dip in these markets as prices plummet while populations and wages surge
▼ + stars: | 2023-09-13 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

In a recent video, he highlighted three cities where prices are still a decent way off their highs despite favorable fundamentals like wage growth and population growth. When it comes to population growth, Austin grew by 2.7% between 2021 and 2022, according to Census Bureau data. The list incorporates cities seeing economic and population growth. Both wage and population growth are theoretically supportive of home prices as they support demand. "This means all three markets SHOULD be primed for home prices to increase, BUT sellers are still dropping prices.

Persons: Dave Meyer, Shutterstock, Meyer, there's, Austin, Phoenix, bode Organizations: National Association of Realtors Locations: Phoenix , Arizona, Austin , Texas, Provo , Utah, Austin, Provo, West, Phoenix, Utah County

☆ The ultimate real-estate guide: Where homes are most affordable, prices have the most upside, taxes and closing costs are lowest, and rents are falling the fastest
▼ + stars: | 2023-08-30 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

Below, we've compiled stories with tips for prospective homeowners, investors, and renters. And for those opting to continue renting since this path is increasingly cheaper than taking on a new mortgage payment, one piece shows where rents are falling the fastest. Sean Pavone/ShutterstockThis list from Scholaroo shows where prospective homeowners can find the cheapest combo of prices and property taxes relative to local incomes. John M Lund Photography Inc/Getty ImagesThis piece on an analysis by CoreLogic shows where investors are betting on most right now. Earlier in August, Goldman Sachs said they expect home prices on a national basis to grow another 1.8% this year.

Persons: we've, Goldman Sachs, hasn't, Sean Pavone, El Paso , Texas Denis Tangney Jr, Alan Diaz, Doug Ressler, John M, David Greene Organizations: CoreLogic, Service, AP, Kansas, John M Lund Locations: Wall, Silicon, El Paso , Texas, Kansas City , Missouri, Scholaroo

☆ TikTok influencers want to rent you a very cool home. Just don't call them landlords.
▼ + stars: | 2023-08-16 | by ( James Rodriguez | ) www.businessinsider.com time to read: +15 min

While live-in landlords are far from a novel concept, the pandemic-era fever around passive income and real-estate investing has sparked a rise in the popularity of house hacking. While Turner's initial strategy emphasized small multifamily buildings, some house hackers applied the concept to single-family homes. In 2019, he published a book called "The House Hacking Strategy: How to Use Your Home to Achieve Financial Freedom." And I think house hacking is one obvious way to eliminate, or at least drastically reduce, what likely is your largest expense." "Yeah, it's called 'house hacking," the owner and roommate, also played by Jarman, who has 4 million followers, replies.

Persons: Kelly Clark, Clark, scoffed, TikTok, Zers, Brandon Turner, Turner, Ryan Lehman, Lehman, Brandon, I'm, Craig Curelop, BiggerPockets who's, Curelop, influencer Addison Jarman, renter, it's, Jarman, Jay Parsons, John Liang, TikToker, Liang, —, It's, doesn't, Insider's Daniel Geiger, she'd, James Rodriguez Organizations: Federal Housing Administration, BiggerPockets, Census, YouTube, RealPage Locations: Spokane , Washington, Silicon, millennials, Seattle, Spokane

☆ These are the 3 best markets for long-distance real-estate investors to capitalize on both strong cash flows and property value appreciation, according to an expert who's written multiple books on inv
▼ + stars: | 2023-07-14 | by ( William Edwards | ) www.businessinsider.com time to read: +3 min

David Greene says Alabama, Southern Georgia, and Northern Florida are ripe markets for appreciation. I do think appreciation is likely to be experienced later because of the increasing population that's moving there," Greene said on the podcast. According to Census Bureau data compiled by the National Association of Realtors, Florida's population grew the most in absolute terms out of any US state in 2022, while Georgia grew the sixth-most and Alabama grew the ninth-most. Cities they found where the population grew above 6% last year include Ocala, Florida; Tallahassee, Florida; Savannah, Georgia; and Deltona, Florida. National Association of RealtorsData also shows that median home prices in Alabama, Georgia, and Florida are cheaper than the national median of $436,800.

Persons: David Greene, bullish, Greene, Southern Georgia Daniela Duncan, Austin Organizations: Alabama, Florida Bown Media, Getty, National Association of Realtors, NAR, US Postal Service, National Association of Realtors Data, Rocket Mortgage Locations: Alabama, Southern Georgia, Northern Florida, Phoenix, Nashville, Austin, Alabama Montgomery , Alabama, Northern Florida Pensacola, Florida, New York, New Jersey, Birmingham, Bentonville , Arkansas, Florida's, Georgia, Ocala , Florida, Tallahassee , Florida, Savannah , Georgia, Deltona , Florida, Alabama , Georgia

☆ I make up to $1,500 a month cohosting Airbnb units. It only takes me about 3 hours a week and I can do it from anywhere.
▼ + stars: | 2023-07-12 | by ( Elle Hardy | ) www.businessinsider.com time to read: +7 min

He says he spends about three hours a week managing admin for the five properties they cohost. He says they make about $1,000 a month during the year and peak at about $1,500 in the summer. I'm an ICU nurse in Reykjavík, Iceland, but I'm originally from Chattanooga, Tennessee. I spend about 3 hours a week working as a cohostCohosting is integrated into the Airbnb platform, so it makes it really easy. Using the systems I have right now, and while working full time, I'd say I could add another 10 units to our portfolio.

Persons: Seth Sutherland, cohost, Airbnb, Agnes, I'd, I'm, couldn't, Rafael Loza, Sean Rakidzich Organizations: Service, YouTube Locations: Wall, Silicon, Reykjavík, Iceland, Chattanooga , Tennessee, United States, Italy, Tennessee, Orlando, Florida, East Coast

☆ Real-estate guru Brandon Turner shares the low-risk investing approach his company is now taking amid housing market uncertainty — and which strategies he's avoiding
▼ + stars: | 2023-07-12 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

He's still bullish on real-estate investing as a strategy to build wealth. But he's taking a buy-and-hold approach right now, and not taking out risky loans. It's hard to imagine anyone who hails the virtues of real-estate investing more than Brandon Turner. He again sang the praises of real-estate investing as a method for building generational wealth, and brushed off calls for a housing market crash that have grown louder since last year. But that's not to say Turner is particularly bullish on every investing approach right now.

Persons: Brandon Turner, He's, Turner, David Greene, that's, Skylar Olsen, Anne Curry, Morgan Stanley's Ellen Zentner, Ray Farris, Ian Shepherdson Organizations: Credit

Search resuls for: "BiggerPockets"

25 mentions found