DIRS.INFO The most relevant business & tech news

☆ Real-estate investors who are cash-flowing thousands of dollars share 3 strategies they use to find profitable rental properties: 'Look for the ugly houses'
▼ + stars: | 2024-02-04 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Business Insider has spoken with a handful of real-estate investors who own profitable properties and asked what they look for in the acquisition phase. Go for multi-family propertiesA multi-family is a single building divided to house more than one family living separately and ranges from duplexes to triplexes and fourplexes. The idea is that your tenant's rent will cover some (or all) of your housing costs. Note that not all markets have an abundance of multi-family properties. "When you're looking for an investment property, you're looking for something really under market that you can renovate."

Persons: Dana Bull, Bull, Nyasia Casey, she'll, Casey Organizations: Business, Agents Locations: New England, Baltimore

☆ A New Yorker who invests in out-of-state real estate shares how she selects strong markets, where she's looking to buy in 2024, and property must-haves: 'I'm looking for three bedrooms minimum'
▼ + stars: | 2024-01-27 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +9 min

'Look for the really ugly houses'Especially if you're investing out-of-state or in an unfamiliar area, "your biggest asset is other agents," said Casey. "You have to go to the block or know someone who knows the market really well." But that's not necessarily what you're looking for as an investor. "When you're looking for an investment property, you're looking for something really under market that you can renovate." Ask, 'Would this work for a tenant in the market you're investing in?'"

Persons: Nyasia Casey, I've, Casey, Baltimore Casey, David Shvartsman, she's, wouldn't, fourplexes, She's, I'm Organizations: Business, Amazon FBA, Yorker, Baltimore, Agents, YouTube Locations: New York City, Baltimore , Maryland, Cleveland, Philadelphia, Baltimore, NYC, New York, Albany, Bronx

☆ 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

☆ Why it's so hard to build homes in your neighborhood
▼ + stars: | 2023-08-05 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +12 min

Single-family homes in Arlington, Massachusetts. Around 75% of residential land in the United States is zoned for single-family homes only. This has had the effect of encouraging ever-larger single-family homes and limiting housing options, like smaller houses. “You can’t just do it all with zoning reform,” Walla Walla City Manager Elizabeth Chamberlain told CNN. The second wave of single-family zoning laws spread during the 1970s, historians say, and the policies became more restrictive.

Persons: Suzanne Kreiter, ”, Jenny Schuetz, “, —, Ben McCanna, Joe Biden’s, Richard Kahlenberg, Kathy Hochul’s, Elizabeth Chamberlain, “ It’s, Nancy Kaye, William Fischel, Fischel, Carlos Avila Gonzalez, Yonah Freemark, we’re, ” Freemark Organizations: New, New York CNN, Boston Globe, Brookings Metro, Republicans, Portland Press Herald, Getty Images, ”, CNN, Homes, “, Dartmouth University, Homeowners, San Francisco Chronicle, AP, Pew Charitable Locations: New York, Arlington , Massachusetts, United States, “, Maine, Getty Images Minneapolis, Arlington , Gainesville, Charlotte, Walla Walla , Washington, Oregon , California, Washington , Montana, Connecticut , Arizona, ” Walla Walla City, Cities, Louisville , Kentucky, Flushing , Queens, America, San Francisco, Los Angeles , New York City, Seattle, Chicago , Philadelphia, Portland, Washington, Walnut Creek , California, Minneapolis, Portland , New Rochelle , New York, , Virginia, Towns, Walla, Walla Walla

☆ 2 real estate investors who are financially independent from their rental portfolio say they get the most bang for their buck by buying multi-family properties. Here's why they're 'a fantastic entry-l
▼ + stars: | 2023-05-14 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Insider has spoken to a handful of investors who have used real estate to achieve financial independence, including some who got started with less than $10,000. (Buildings with four or more units are typically considered commercial real estate properties.) "'Twos' and 'threes' and 'fours' are a fantastic entry-level investing approach," said real estate investor and consultant Dana Bull, who acquired seven multi-families in Massachusetts over five years. Because duplexes, triplexes, and fourplexes fall under the bracket of residential real estate, you're able to utilize residential loans, she pointed out. Real estate investor Matt "The Lumberjack Landlord" and his family.

☆ A real estate investor who owns over 1,000 units and retired at age 36 explains how leveraging his equity and harnessing the 'velocity of money' helped him make 'millions and millions and millions of
▼ + stars: | 2023-03-04 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Just 13 years after buying his first property, Dave Allred retired at age 36. Altogether, he estimated that his portfolio equity has currently reached over $30 million in total value. On the other hand, an investor's equity in a deal rises every year due to natural market appreciation. "Every month there's a principal reduction on your mortgage, so you're building real equity there as well, also through market appreciation," Allred said. In other words, paying attention to cash-on-equity means that investors can harness the leveraging power of equity to rapidly grow their portfolios.

☆ A real estate investor who owns over 1,000 units explains how he was able to officially retire at age 36 by 'reverse engineering' his financial freedom
▼ + stars: | 2023-02-19 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +12 min

He was able to achieve this feat by "reverse engineering" his financial freedom. In fact, he attributes much of his success today as a real estate investor to setting "audacious" goals for himself — and achieving them by whatever means necessary. To Allred, achieving true financial freedom meant having enough recurring passive income to entirely cover his family's cost of living. At that time, he decided to officially retire from door-to-door sales and go into real estate full-time. Continuing to grow his real estate fundAround 2015, Allred also began getting involved in real estate syndications.

☆ A real-estate investor who owns 9 commercial properties explains how he retired at 32 after just 5 years of investing by branching into commercial properties over residential — and shares where he see
▼ + stars: | 2022-12-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +14 min

Justin Sloan retired at 32 years old, just five years after he started investing in real estate. Sloan did this by branching out to commercial real estate, which he prefers over residential. Buying his first residential propertySloan began researching other investable assets such as franchises and municipal bonds, but found the idea of real estate investing especially appealing. "I was that naive to the idea that you could hire someone else to take care of your real estate." That same year, he stopped opening more cell phone stores, and instead directed all his revenue towards real estate investing.

☆ A real-estate investor who owns 9 retail properties explains why he transitioned from residential to commercial properties for cash flows and capital appreciation
▼ + stars: | 2022-12-11 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Justin Sloan recently finished offloading his residential real estate for commercial properties. Commercial properties are Justin Sloan's bread and butter, but that wasn't the case when he started investing in real estate over 10 years ago. Commercial properties offer 'more predictable business models'Sloan clarified that while he's a "big believer" in multifamily real estate investing, he prefers investing in commercial real estate for a multitude of reasons. Not all commercial properties are created equalHowever, commercial real estate doesn't come without its share of drawbacks. But not all commercial properties are created equal, and landlords can certainly mitigate their portfolios against these losses.

☆ 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.

Activists say that changing single-family zoning laws and taxing owners of vacant properties can help to create more affordable, accessible housing. Preventing gentrification through zoning and other housing regulationsKing Williams has seen the consequences of gentrification in urban Atlanta firsthand. Some cities are already starting to alter their residential zoning laws. Kate Brown (D) signed a law requiring Oregon cities with more than 1,000 residents to allow duplexes in areas that were previously zoned exclusively for single-family homes. Dedman said the way to protect residents from gentrification is to first decrease the number of properties that sit empty.

Search resuls for: "fourplexes"

11 mentions found