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☆ Real-estate investors agree: Short-term rentals bring in more money but cause headaches. Here's the 'sweet spot' some are shifting to.
▼ + stars: | 2024-10-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

Investors agree: Short-term rentals are more lucrative but require more time than long-term rentals. Grant puts up with the occasional blow-up because her Airbnb units bring in a lot more money than her long-term rentals. Especially with higher interest rates, which increase your monthly mortgage payment, "long-term rentals are just hard," said seasoned real-estate investor Zeona McIntyre. Courtesy of Amberly GrantFull-time real-estate investor Avery Heilbron categorizes short-term and long-term rentals as "two completely different things." AdvertisementThe 'sweet spot' of real-estate investing: Mid-term rentalsShort- and long-term rentals aren't the only options for real-estate investors.

Persons: —, Amberly Grant, Grant, Zeona McIntyre, Avery Heilbron, There's, McIntyre, Covid, Airbnb, she'd, Heilbron, Peter Keane, Rivera, he's, Keane Organizations: Service Locations: Colorado, Boulder, Seattle

☆ 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

☆ A financially independent real-estate investor explains the strategy she used to 'exchange' investment properties and sidestep capital gains taxes indefinitely
▼ + stars: | 2024-02-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

The real-estate investor, consultant, and author of "30-Day Stay" explained how and why she did a 1031 exchange. How a 1031 exchange worksWith a 1031 exchange, you're essentially selling one property, purchasing another, and avoiding capital gains taxes in the process. There are ways to reduce your capital gains tax liability, like deducting your property's depreciation. But, with a 1031 exchange, you can sidestep your capital gains taxes indefinitely and continue reinvesting in more profitable properties and growing your wealth. However, real property in the United States is not like-kind to real property outside the United States."

Persons: —, Zeona McIntyre, McIntyre, St . Louis, Louis —, you'll, There's Organizations: Service, Business, IRS Locations: Boulder, St ., St, Florida, United States

☆ Real-estate investors on tight budgets are using a creative strategy to buy homes with zero money down and lock in low interest rates in high-rate environments
▼ + stars: | 2024-01-30 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

One strategy, known as buying "subject-to," allowed her to bypass a down payment and inherit a relatively low interest rate for her second property. According to Casey, subject-to deals aren't all that common, mostly because of a lack of understanding about how they work, even among real estate professionals. He can take that money from the escrow if she misses a mortgage payment. "I don't necessarily care about the purchase price; I care about your interest rate. I care about not having to put down a down payment, Casey continued.

Persons: Casey, —, She's, that's, you've, Nyasia Casey, he's, Zeona McIntyre, Zeona McIntyre McIntyre, she's Organizations: Business Locations: New York City, Baltimore, Boulder

☆ 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

☆ How to get into real estate on a small salary or little to no savings, according to 6 successful investors who used creative financing strategies to get started
▼ + stars: | 2023-09-02 | by ( Business Insider | ) www.businessinsider.com time to read: +7 min

It's possible to get into real estate with little-to-no savings. Investors who started with very little share the strategies they used to get their first properties. 20-year-old friends and college dropouts Caleb Hommel and Chuck Sotelo raised capital and structured a seller financing dealAdvertisementAdvertisementChuck Sotelo (L) and Caleb Hommel started investing in real estate in their teens. Hommel and Sotelo, who met on the first day of high school, were teenagers when they decided they wanted to invest in real estate. They were still in junior college at the time and delivering food to pay for an online real estate mentorship program.

Persons: Caleb Hommel, Chuck Sotelo, Sotelo, they'd, Zeona McIntyre, McIntyre, Hommel, she'd, Sean Allen, Sean Allen Sean Allen, Allen, Seegars, Jim Resonable, Jervais Organizations: Service, DoorDash Locations: Wall, Silicon, Texas, Boulder , Colorado, Sotelo, Boulder, North Carolina, California, Greensboro , North Carolina, Greensboro, North Carolina , California, Georgia

☆ 5 real-estate investors explain how they created cash flow by leveraging other people's properties through a strategy called 'rental arbitrage'
▼ + stars: | 2023-08-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Rental arbitrage is a strategy in which you rent a property and sublet it on platforms like Airbnb. There are plenty of creative ways to break in, including rental arbitrage. The goal is to make enough in short-term rental income to not only cover rent, but pocket extra cash each month. Insider spoke with five investors about how they created cash flow with relatively low start-up costs by leveraging other people's properties. Courtesy of Zeona McIntyreZeona McIntyre did a slightly different version of rental arbitrage back in 2012.

Persons: who've, Nathan, Taniera Turner, Nathan Turner Houston, Turner, Zeona McIntyre, Zeona McIntyre Zeona McIntyre, McIntyre, That's, It's, she'd, there's, Jim Resonable, Seegars, Jervais Locations: Houston, Des Moines, Louisville, Boulder, Airbnb, North Carolina , California, Georgia, Savannah , Georgia

☆ A financially independent real-estate investor who had to get creative to afford her first property shares 3 strategies rookie investors can use to get started on a tight budget
▼ + stars: | 2023-08-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Look into private lending, which is how she started, and subject-to financing, she advises. Private lendingThis is exactly how McIntyre financed her first property: She obtained a private loan, rather than going through a traditional mortgage lender. We worked out a private loan and he didn't need to verify my income or anything. Subject-to financingWith subject-to financing, the buyer takes over the existing financing. You don't actually assume the mortgage — it remains in the seller's name with the same terms — but you'll make mortgage payments on behalf of the seller.

Persons: Zeona McIntyre couldn't, McIntyre, I'd, Zeona McIntyre, Zeona, she's, you'll, I've Locations: Colorado, Boulder

☆ A real-estate investor who went from zero savings to financially independent couldn't always qualify for a mortgage. She shares the 2-part strategy she used to buy her first home.
▼ + stars: | 2023-08-09 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Then, she obtained a private loan, rather than going through a traditional mortgage lender. She considers herself financially independent, since her rental income is more than enough to cover her bills, but still chooses to work. We worked out a private loan and he didn't need to verify my income or anything. "From what I'd heard from other investors and flippers doing private money, those loans are typically more expensive, like 10%, so I was actually quite fortunate. She ended up being able to pay off the entire private loan early, thanks to an unexpected family tragedy.

Persons: Zeona McIntyre, She's, McIntyre, That's, It's, she'd, there's, who'd, I'd, she's, you'll, I've Organizations: New Locations: New York City, Airbnb, Boulder

☆ A 37-year-old who is financially independent from her 12-unit real estate portfolio says 'investors overlook condos.' She explains why this type of property is a smart investment and her 'secret sauce
▼ + stars: | 2023-08-06 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +3 min

Real estate investor and consultant Zeona McIntyre says that investors overlook condos. While some investors may see HOA fees as a turn-off, she doesn't mind them. For McIntyre, the condo fees aren't necessarily a turn-off. It means less competition, she noted: "A lot of people don't like condos so they're a little easier to get. If she's not purchasing a condo, where the maintenance and utilities are covered, McIntyre prefers to have two to four units.

Persons: Zeona McIntyre, she's, McIntyre, —, they've Locations: Boulder , Colorado, Boulder

☆ A financially independent property investor who has experimented with rentals of all lengths explains why midterm leases are the 'sweet spot' in real-estate investing. She says they offer 3 key advant
▼ + stars: | 2023-08-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

When Covid hit, she started doing mid-term rentals and now prefers them over short- and long-term stays. "I was getting burnt out on short-term rentals," said McIntyre, who had also started investing in St. Louis, Missouri. That's why she calls mid-term rentals the "sweet spot" in real-estate investing, since they're still easier to manage than short-term rentals and produce better cash flow than long-term rentals. "Often, when people are investing in long-term rentals, they're okay with $100 to $200 a month in profit per unit," she said. The bookkeeping is easierA mid-term rental is much simpler to run than a short-term rental on various levels.

Persons: Zeona McIntyre, Covid, McIntyre, they're, didn't, Airbnb, she'd, They're Locations: Boulder , Colorado, Florida, St, Louis , Missouri, Honolulu, Aspen , Colorado

☆ A financially independent property investor who has experimented with rentals of all lengths explains why midterm leases are the 'sweet spot' in real-estate investing.
▼ + stars: | 2023-08-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

Persons: Zeona McIntyre, Covid, McIntyre, they're, didn't, Airbnb, she'd, They're Locations: Boulder , Colorado, Florida, St, Louis , Missouri, Honolulu, Aspen , Colorado

☆ A property investor in Boulder who went from a college student with zero savings to financially independent explains how she used Airbnb as 'real-estate training wheels' to get started
▼ + stars: | 2023-08-01 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

But she was able to get her foot in the door by starting with Airbnb and renting her apartment. Eventually, the money she made doing short-term rentals helped her afford her first property. But it wasn't enough to build up savings of any kind, let alone buy a property of her own. She wouldn't have had the confidence to buy an investment property had she not started with Airbnb, she noted. That said, "a lot of states are still allowing people to do short-term rentals," she explained.

Persons: Zeona McIntyre, Airbnb, McIntyre, I'd, I've, It's, wasn't, there's Organizations: New, Airbnb Locations: New York City, Boulder , Colorado, Boulder, Airbnb, That's, Honolulu, Aspen , Colorado

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