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☆ Gen Z couple left the U.S. and relocated to a houseboat in London: 'We feel like we're living in a children's picture book'
▼ + stars: | 2024-07-07 | by ( Celia Fernandez | ) www.cnbc.com time to read: +5 min

Dewey and Kent lived in a townhouse with a third roommate and paid $966 each in rent. Before relocating to London, the couple lived in a townhouse in Philadelphia that they shared with a roommate. "We feel like we're living in a children's picture book," Dewey says. Dewey says she loves to explore London Kent and their dog, Kipper. "I hope that people who watch my videos, get a realistic view about what it's like to move abroad, and specifically live in London," Dewey says.

Persons: Dewey, Kent, Maisy Dewey, Harrison Kent, they'd, I'm, Kipper, Maisy Dewey Dewey, Harry Organizations: Savannah College of Art, Dewey, CNBC, Kingston University, of, Kent, London Kent Locations: New Jersey, United Kingdom, London, Hong Kong, France, Philadelphia, America

☆ 4 investors share the strategies they're using to earn passive income and build wealth while they sleep
▼ + stars: | 2024-06-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Whereas, with passive income, the idea is you do upfront work and then the gig pays you while you sleep. Insider has spoken with individuals and couples who have built passive income streams that are helping them build wealth without having to put in a ton of hours. "I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise. That comes out to about $40,000 a month in just subscription revenue. "Everyone talks about passive income, but they keep growing.

Persons: —, Erika, Kareem Hall, Kareem, Erika Hall, Rachael Victoria, They've, , Kent, Liz Wilcox, Wilcox, I'm Organizations: Service, Business, Soccer Shots, Emory, Soccer, he's, LAX Locations: Georgia, Scottsdale , Arizona, Scottsdale

☆ A seasoned real estate investor who's shifting his investment philosophy to be more mission-based explains how any investor can give back while still profiting: 'It doesn't have to be a zero-sum game'
▼ + stars: | 2024-06-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

With the newfound time, "I've thrown myself back into the real estate company," the early retiree told Business Insider. He understands the importance of cash flow but is also convinced that investors at earlier stages in their careers can give back to their communities while also turning a profit. "It's all just percentages: You don't have to give out 90% of your units for affordable housing, but you can do one. He purchased his first affordable housing unit — a single-family home in Fairfield, Alabama that he'll rent on a long-term basis to a Section 8 tenant — in 2023. AdvertisementIt won't cash flow as much as his Airbnb properties, he said, but it allows him to diversify his portfolio.

Persons: Matt, I've, wasn't, Kent, —, That's, haven't Organizations: Service, Business, Government Locations: New Hampshire, Diego, Fairfield , Alabama

☆ Real-estate investors share 2 creative financing strategies that can help you lock in a low mortgage rate even in today's environment
▼ + stars: | 2023-09-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

As of September 2023, the average 30-year fixed mortgage rate sits just above 7%. San Diego-based real estate investor Kent He, for example, owns three investment properties and financed his latest one with a 2.5% interest rate. Here are the creative financing strategies He and other investors are using to get lower rates and, consequently, lower mortgage payments. Courtesy of Zeona McIntyreThe big benefit for the buyer, especially in today's high-interest-rate environment, is that they could inherit a low interest rate. "I have sold some homes that went $50,000 to $100,000 over what the market rate would be because they're able to give this low interest rate and low down payment," she said.

Persons: Kent, Zeona McIntyre, McIntyre, She's Locations: San Diego, Boulder

☆ 3 investors share the strategies they're using to earn passive income and build wealth while they sleep
▼ + stars: | 2023-09-17 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

Building a side hustle or working a part-time job is a great way to increase your income — but it can be time consuming. Whereas, with passive income, the idea is you do upfront work and then the gig pays you while you sleep. Insider has spoken with individuals and couples who have built passive income streams that are helping them build wealth without having to put in a ton of hours. "I 100% think that it can be a lucrative passive income stream," Erika said of investing in a franchise. Today, he's a full-time real estate investor but spends just two to three hours a week on short-term rental business.

Persons: Erika, Kareem Hall, They've, , Kareem, —, Erika Hall, Rachael Victoria, Kent Organizations: Soccer Shots, Emory, Soccer, he's Locations: Georgia, Scottsdale , Arizona, Scottsdale

☆ Full-time Airbnb hosts who work between 2 and 15 hours a week on their portfolios share 5 tools that help them improve efficiency and free up more time
▼ + stars: | 2023-07-02 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Full-time Airbnb hosts Kent He and Nathan Turner are efficient with their time. He spends 2-3 hours a week managing his properties, while Turner spends no more than 15 hours. "We probably only work 10 to 15 hours a week," said Nathan, who used to deliver for FedEx. The Turners and He shared five tools they use that help them work efficiently on their Airbnb businesses and free up more time. You may have the most unique Airbnb property, but if you don't properly market it, guests might never see.

Persons: Nathan Turner, Turner, Rankbreeze, doesn't, Nathan, Taniera Turner, Taniera, —, Monday.com Turner, Airbnb, I'm, It's, they'll Organizations: Kent, FedEx, Marriott, Google Locations: San Diego, Scottsdale , Arizona, Houston, Scottsdale, PriceLabs

☆ A 34-year-old created 2 bachelorette-themed Airbnbs that have brought in a combined $243,000 this year. Take a look inside the successful listings that he spent months and hundreds of thousands of dol
▼ + stars: | 2023-06-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Kent He bought his first investment property in 2021 and turned it into a bachelorette-themed Airbnb. He and his wife bought their first investment property in August 2021 and spent three months converting it into a bachelorette-themed Airbnb. He owns three investment properties, two of which are bachelorette-themed Airbnb properties in Scottsdale. The bachelorette-themed Airbnb includes a beauty bar. Courtesy of Kent HeWhen Airbnb users have so many options to choose from, you want your property to stand out.

Persons: Kent, Scottsdale , Arizona —, PriceLabs, He, Kent He, — Locations: Scottsdale , Arizona, Scottsdale, niching

☆ A 34-year-old financially independent real-estate investor who used a home equity loan to afford his first Airbnb property explains how any homeowner can use this strategy to buy investment properties
▼ + stars: | 2023-06-11 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

A home equity loan lets you access the equity you've built up in your home. When Kent He and his wife bought their primary residence in 2019, they looked at it as a long-term investment. How home equity loans workA home equity loan lets you access the equity you've built up in your home. That means you have $150,000 of "equity" — and you may be able to borrow against some of that with a home equity loan. Don't confuse a home equity loan with a home equity line of credit (HELOC).

Persons: Kent He, Kent, they'd Locations: Boston, San Diego, Scottsdale , Arizona, Virginia

☆ A 34-year-old real-estate investor explains his 'recession-proof' investing strategy that helped him achieve financial independence and quit his day job
▼ + stars: | 2023-06-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +4 min

By mid-2022, the cash flow from his two short-term rental units was enough to cover his family's expenses, allowing him to quit his day job. He is passionate about providing affordable housing, having seen first-hand how it can change a family's outcome. Long story short, she finally got her affordable housing unit and she was in tears." He expects his affordable housing unit, which he's currently renovating, to profit $200 a month minimum. "I think it's the perfect diversification strategy," said He, whose long-term goal is to acquire 1,000 affordable housing units.

Persons: Kent, PwC, there's Organizations: Bentley University, PricewaterhouseCoopers Locations: America, San Diego, Scottsdale , Arizona, Covid, Fairfield , Alabama, China, Boston, Chinatown

☆ A financially independent real-estate investor who financed his latest property with a 2.5% interest rate explains the financing strategy he prefers to score low rates in today's market
▼ + stars: | 2023-05-31 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

One investor recently locked in a 2.5% interest rate on his latest deal, thanks to seller financing. He is passionate about providing affordable housing, having seen first-hand how it can change a family's outcome. He said after moving to Boston from China with about $1,000 to their name, his parents raised him in an affordable housing unit. While He has a personal motivation for improving the affordable housing crisis, it can also make sense to invest in affordable housing to diversify your portfolio, he said: "I never like putting all my eggs in one basket. In today's market, that was only possible to lock in thanks to seller financing.

Persons: Kent, isn't, there's, we'll Locations: San Diego, Scottsdale , Arizona, Boston, China

☆ A 34-year-old who achieved financial independence and quit his day job after setting up 2 bachelorette-themed Airbnbs in Scottsdale explains how he uses data to find 'outsized opportunities'
▼ + stars: | 2023-05-28 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Kent He decided to invest in short-term rentals, he started looking at data. To find a market to invest in, he looked at rental demand using AirDNA. It took about six months from the time he started looking at markets to when he closed on his first property. In this particular example, the rental demand score is 81. In 2021, when he first started looking at markets, "the demand was right around 66 to 68," he noted.

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