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Search resuls for: "Stephen Yin"


9 mentions found


☆ 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
☆ Sam Bankman-Fried just explained what happened at FTX: Everything to know
  + stars: | 2022-12-01 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +6 min
While the world's most powerful finance official took the lunchtime billing, it was Sam Bankman-Fried who held the primetime slot. Sam Bankman-Fried, FTX CEO, at a digital assets hearing in 2021. Within minutes of starting, Sorkin asked Bankman-Fried directly if there was a commingling of funds between the two now-bankrupt companies he founded, FTX and Alameda Research. When Sorkin asked whether Bankman-Fried feels he has any criminal liability, Bankman-Fried said that's not what he's focused on right now. Earnings on deck: Toronto-Dominion Bank, Bank of Montreal, and Dollar General Corporation, all reporting.
☆ How do real estate investors 'do the numbers?' An investor with 9 properties shares the method — and spreadsheet — that helps him identify a good deal and avoid the bad ones.
  + stars: | 2022-11-29 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +13 min
It's also correlated with risk: Generally, a high cap rate points to a riskier investment, since a high cap rate means a lower property value. A "good cap rate" depends on your market and how much risk you're willing to tolerate. To calculate cap rate, you need to know your NOI, which is your estimated annual rent minus your annual operating expenses. To calculate NOI, you subtract annual operating expenses from annual rent, which is an assumption based on rent prices in the area. He's not the only investor who focuses on cash flow: Mike Zuber, who owns over 100 units in Fresno, California, says that cash flow should be a top priority when evaluating investment properties.
☆ A self-made millionaire who made his money investing in real estate isn't interested in taking out a mortgage right now: 'I'm not going pay more than 6% interest'
  + stars: | 2022-11-03 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +5 min
Property investor Todd Baldwin isn't interested in getting a mortgage right now due to high rates. The millionaire is in the unique situation where he can pay in cash if the right deal comes around. "If the deal is over 6%, I'm going to pay cash and hopefully get a discount." With the interest rates where they are now, "I can still make money," he explained, "but my margin of error is a lot thinner. Baldwin understands that not everyone can simply pay cash if they want to invest right now.
☆ A 27-year-old real estate investor who owns 9 rental properties shares what it's like to be a landlord, including the biggest challenges and hacks that save him time
  + stars: | 2022-10-30 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +6 min
Real estate investor Stephen Yin spoke to Insider about the realities of being a landlord. Yin is based in Los Angeles for his day job but buys real estate in Birmingham, Alabama, where he grew up. But when I'm not actively buying, I don't spend much time on real estate." Especially if you're investing out-of-state, having a good property manager on your team is completely worth the cost, he said. But, ultimately, "the stress is totally worth it," said Yin, who hopes to build generational wealth through real estate investing.
☆ A real estate investor who bought his first property at age 24 and now owns 11 rental units shares his top advice for new investors, including how to negotiate and where to buy: 'Look at the Sun Belt'
  + stars: | 2022-10-28 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +7 min
"Some of the greatest investors have focused on real estate, such as Sam Zell," he added, referring to the billionaire who has been called the "forefather of modern real estate investment trusts." It was a single-family home in Birmingham, Alabama that he purchased with a friend for $40,000. Focus on the Sun BeltChances are, you've heard the saying "location, location, location" from a real estate agent or investor. Interview multiple lendersUnless you're buying real estate with cash, you'll need to work with a mortgage lender. He took them to lunch and asked questions about how comfortable they are doing residential real estate and what markets they do most of their deals in.
☆ Wall Street is fed up with Meta - but Zuck’s full steam ahead with his massive metaverse bet.
  + stars: | 2022-10-28 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Since Meta reported earnings on Wednesday, its stock has shed more than 23%. Everyone on Wall Street is mad that Meta keeps spending so much. Investors and analysts took the day yesterday to digest the tech giant's latest earnings, and it's clear patience is wearing thin. Mega-cap tech stocks like Zucks' behemoth are facing a possible crisis, with other giants like Google parent Alphabet reporting slowdowns in digital advertising growth. Wall Street is grappling with the "revenge of the old economy" as tech and growth stocks crash.
☆ A 27-year-old real estate investor who owns 11 rental units isn't buying property right now: 'The rates are way too high. I can't make money in the way I want to make money.'
  + stars: | 2022-10-27 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +4 min
Interest rates are too high for his liking. Mortgage rates are more than double what they were a year ago. Yin is very price conscious and does a detailed analysis whenever he's evaluating a rental property. With the interest rates where they are now, "I can still make money," he explained, "but my margin of error is a lot thinner. The rates on the properties Yin has financed currently range between 3.6% and 4.1%, according to documents viewed by Insider.
☆ A 27-year-old real estate investor who owns 9 properties in Alabama says you shouldn't sleep on the Birmingham market. He shares his top reasons why it's a great investment opportunity.
  + stars: | 2022-10-26 | by ( Kathleen Elkins | ) www.businessinsider.com   time to read: +6 min
Real estate investor Stephen Yin says that Birmingham is an overlooked market. He admits to "kind of falling into real estate by accident," he told Insider. One of his friends from home reached out and asked if he'd ever considered investing in real estate. After doing some research, "I realized that Birmingham has one of the best real estate markets in the nation, from a returns perspective as well as from a barrier-to-entry perspective," he said. "I could still make money, but I can't make money in the way I want to make money."
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