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☆ The Hottest Thing in Real Estate Is a Loan From Two Years Ago
▼ + stars: | 2023-06-10 | by ( Conor Dougherty | ) www.nytimes.com time to read: +2 min

From the pedestrian to the dodgy, it all seems to underscore the manner in which the nation’s real estate market has been frozen by regret. In lieu of acceptance, a determined few are trying to use imagination and fine print to build a portal to the cheap-money days of 2021. In theory, any of the millions of homeowners holding a assumable low-rate mortgage have a valuable perk to sell with their home. Still, real estate agents say it can be hard in practice to transfer them. For instance, homeowners who transfer a V.A.-backed mortgage can lose their ability to get another similar loan unless they can find a V.A.-eligible buyer to take their original mortgage.

Persons: ”, influencers, “ It’s, Scott Trench, Sellers, Michael Fratantoni, Black Knight Organizations: Federal Housing Administration, Department of Veterans Affairs, Department of Agriculture, Mortgage, Association Locations: U.S

☆ Matt Onofrio made $35 million helping everyday people invest in real estate. Then he was indicted. Was it all a scam?
▼ + stars: | 2023-06-01 | by ( Daniel Geiger | ) www.businessinsider.com time to read: +21 min

The MMA fighter Michael Chandler, pictured with his wife, Brie Willett, bought a $16 million property from Matt Onofrio in 2021. Then, in November 2022, federal prosecutors indicted Onofrio on charges involving three deals he'd arranged in Minnesota the year before. The federal complaint doesn't involve the property Onofrio sold to Chandler. Unbeknownst to Hermann, Onofrio had already tied up the warehouse in contract for $4.75 million. "Matt was finding a deal for $4 million and selling it for $5 million," Stageberg said.

Persons: Matt Onofrio, anesthetist, who'd, Onofrio, Michael Chandler, Chandler, Brie Willett, Rick Diamond, Michael didn't, Matt, Brendan Johnson, he'd, fraudster, who's, Matthew Hermann, Hermann, he's, —, Anthony Vicino, unburden, Hermann countersued, Let's, Nick Stageberg, Stageberg, Vicino, couldn't, wasn't, Zacari Pennington, Brandon Turner, David Greene, Pennington, Brad Lea's, Ryan Pineda's, Alec McElhinny, Onofrio's, Greene, Ed Mylett, Mylett, Lily Ro Onofrio, Lea, Brittany Arnason, BiggerPockets, Cameron Cropsey, Scott Trench, Nicholas Perrone, Wild Organizations: Onofrio, CMT, Chandler, Wild Moose Ventures, Finance & Commerce, Mayo Clinic, Moose Ventures, Wild, Ventures Locations: Wisconsin, California, Sauk Rapids , Minnesota, Minnesota, Onofrio, Minneapolis, Mexico City, Mayo, Denver, Nashville, Church, Golden Valley , Minnesota, Macon , Georgia, Pennington

☆ 2 top housing experts break down why they expect a downturn in prices that could last several years, and how it might impact buyers in very different ways
▼ + stars: | 2023-05-09 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Housing market expert Ivy Zelman and real estate investing pro Scott Trench approach the housing market from very different perspectives, but they can still see eye-to-eye on some things. The two real estate pros took different stances when it comes to the single family housing market, however. "BRRR" was a hit in a lower-rate environment, especially as housing prices climbed over the last few years. Ivy Zelman is a housing expert who identified the market bubble in the 2000s and called the housing market turnaround in 2012. The forthcoming recession is going to trump all other housing market price trends, she predicted, and there will either be a correction in interest rates or in housing prices.

☆ The Fed could deliver the final rate hike of a historically aggressive cycle today. Here's what to know.
▼ + stars: | 2023-05-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

All eyes are on the Fed today as officials ready their decision on what could be the final rate hike of the cycle. We'll hear from central bank chief Jerome Powell today at 2 p.m. The last time the fed funds rate hit that level was during the housing boom in 2006, in the run up to the 2008 crisis. Broadly, markets are acting as if today's potential rate hike will be the final one of the Fed's lengthy, aggressive cycle that's brought so far nine consecutive raises, the last of which was a 25 basis-point move in February. "The market is telling you, in terms of forward yield curves, that they expect the Fed to make a mistake."

☆ The CEO of BiggerPockets explains why real-estate investors should have a 'healthy fear' of the market right now — and why they should avoid the once-popular BRRR method entirely
▼ + stars: | 2023-05-02 | by ( Marley Jay | ) www.businessinsider.com time to read: +4 min

Scott Trench is the CEO of real estate investing platform BiggerPockets. BRRR is a way to make quick profits and build up a sizable real estate portfolio, and until recently, market conditions were very favorable for the approach. Interest rates have risen quickly by historic standards, but the fact that rates were going to go up significantly was clear in advance. How to handle today's housing marketWhile the last decade or so was great for renovators and flippers, Trench says real estate investors need to be cautious now. But now that it's much more expensive to borrow money, Trench said that listeners and forum members are looking for other ways to finance their purchases.

☆ Gen Z Investing in Real Estate, Buying Homes Early, Learning From Millennials' Mistakes
▼ + stars: | 2023-03-21 | by ( James Rodriguez | ) www.businessinsider.com time to read: +14 min

Unlike millennials before them, Gen Zers have grown up during a boom in home prices. In a 2020 survey by Gen Z Planet, a research and advisory firm, 87% of Gen Z respondents said they wanted to own a home in the future, while just 63% of millennial respondents said the same. The survey suggested that 68% of Gen Zers viewed homeownership as a way to build wealth, compared with 60% of millennials. But the ranks of Gen Z homeowners will almost certainly grow in the coming years as they scale corporate ladders and amass savings. All this new technology and information is fueling the real-estate-mogul dreams of ambitious Gen Z investors.

☆ A real estate investor who owns over 1,000 units and retired at age 36 shares the 5 pillars that drive wealth in real estate — and explains how investors can combine them to compound their income and
▼ + stars: | 2023-03-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +10 min

Allred successfully combined the 5 drivers of real estate wealth to scale his portfolio. These 5 pillars include using tax depreciation benefits to maximize the time value of money. Today, Allred has grown his real estate portfolio to ownership in over 1,250 units across 30 different properties in 15 states, including the real estate syndications for which he is a general partner, according to documentation verified by Insider. Pillar 5: LeverageAs someone who was raised to fear debt, Allred has since come a long way in understanding the difference between bad debt and good debt. Generally speaking, for every $1 that I invest in real estate, $3 is provided by somebody else or by a lender.

☆ Real-estate investors seized upon a tried-and-true strategy to fix up homes and make money. Then the market turned.
▼ + stars: | 2023-03-05 | by ( Aj Latrace | ) www.businessinsider.com time to read: +6 min

One way: buy a home, fix it up to rent out, then refinance to get cash and buy the next one. "We looked at long-term rent and we would have been in the hole a few hundred dollars per month based on interest rates and property taxes," Holland told Insider. But a perfect storm of softening home prices, increasing taxes, higher mortgage rates, and steep building-material costs has made the BRRRR model less attractive to investors. When the BRRRR numbers don't work, Holland said, there are a few strategies investors could consider instead. But even that strategy has its own competitive advantages and disadvantages, she said, such as seasonality and uncertain income.

☆ A real estate investor who owns over 1,000 units shares the 21 investing, personal development, and leadership books that helped him find financial freedom at age 36
▼ + stars: | 2023-03-03 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +14 min

Today, real estate investor Dave Allred has ownership in over 1,250 units across the country. He shared the 21 books that helped him achieve financial freedom at age 36. These books cover real estate and investing, personal development, business, and leadership. In a recent interview, Allred shared with Insider the 21 books — spanning areas such as real estate, investing, personal development, business, and leadership — that helped him find success. This principle is especially close to Allred's heart, since reverse engineering his financial freedom took a meticulous goal-setting process.

☆ Real-estate investing in a down market: Strategies to use, how far home prices will fall, cities where prices are falling the most, which markets to invest in, and more
▼ + stars: | 2023-02-09 | by ( William Edwards | ) www.businessinsider.com time to read: +6 min

That's bad news for current real-estate investors, and probably good news for prospective ones. On the other hand, it's potentially good news for prospective real-estate investors who have been sitting on the sidelines waiting for better deals. Below is a list of Insider stories to help navigate the current real-estate investing landscape as prices fall. They see US home prices falling another 6% in 2023, putting peak-to-trough declines at around 10%. Justin Sullivan / Getty ImagesOne of the most common financing strategies real-estate investors use to build up a portfolio is the BRRRR method: buy, rehab, rent, refinance, repeat.

☆ 10 smart real-estate investing strategies to follow now as nationwide home prices begin falling, according to a housing industry guru and investor
▼ + stars: | 2023-02-07 | by ( Lisa Kailai Han | William Edwards | ) www.businessinsider.com time to read: +7 min

BiggerPockets' Dave Meyer predicts a year ripe with uncertainty for the real estate sector. Real estate investor and expert Dave Meyer has good news: national home prices are due for a decline in 2023. But alongside the coming correction, Meyer warned investors that the real estate sector will also include its fair share of obstacles and volatility this year. What's more, there's no one-size-fits-all approach to real estate investing, since housing markets are highly diverged between regions. Homebuyers need to stay calmIn addition to those three pieces of advice, Meyer shared seven more real estate investing strategies to consider this year in his 2023 real estate market outlook report.

☆ Stocks are getting a boost from a key indicator that's been a reliable sign of more gains to come
▼ + stars: | 2023-02-03 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

In case you missed it, the European Central Bank Thursday made a half-point interest rate hike, marking its fifth consecutive move as part of its inflation-fighting efforts. Speaking of rates, today we're going over a key economic indicator that suggests more upside ahead for stocks. Ever since the Fed started tightening policy last March, the stock market has been highly susceptible to interest-rate volatility. Specifically, the MOVE Index — which measures volatility of US Treasury yields — has dipped to lows that haven't been seen since the Fed's first rate hike of this cycle. This means potentially smaller swings in the stock market as highly rate-sensitive equities get some relief after big rate moves battered indexes in 2022.

☆ How to pinpoint the housing markets most set to decline in 2023 — and why real estate in the most expensive cities could fall 30%
▼ + stars: | 2023-02-02 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +5 min

BiggerPockets' Dave Meyers forecasts national housing prices will come down in 2023. Low interest rates, easy money, and a dwindling supply of new homes sent nationwide housing markets into uncharted territory over the last two years. "When you see inventories start to spike, that signals a significant shift towards a buyer's market where prices are probably going to go down. Prices are likely to go down in 2023According to Meyer, the housing market in 2023 should be a tale of two halves. But once affordability begins to improve again, Meyer believes the housing market will bottom, spurring new growth.

☆ Here's why the housing market could see more action this year - and what it means for affordability
▼ + stars: | 2023-01-30 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

Now — into the housing market we go. Nadia Evangelou, senior economist for the NAR, told me recently the housing market could turn around in 2023, but unaffordability would remain a prevailing theme. In other news:People sit outside the New York Stock Exchange (NYSE) in New York City, U.S., September 15, 2016. Elon Musk said he's worried about the Fed "crushing" the value of the entire stock market. The current uncertainty in the housing market can be paralyzing for investors, but there's still opportunities to make money, he explained.

☆ 3 real-estate investing strategies to use — and 2 cities to invest in — as home prices around the country take a hit, according to BiggerPockets' housing-market guru
▼ + stars: | 2023-01-27 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

For those looking to break into real-estate investing, this uncertainty can be paralyzing. But according to Dave Meyer, a real-estate investor and BiggerPockets' vice president of data and analytics, there are still ways to make money in this market. On a recent episode of the BiggerPockets Podcast, Meyer shared three strategies he thinks will work best right now. 3 real-estate investing strategies to use in the current environmentThe first strategy Meyer recommended is becoming a private lender. Meyer said "hybrid" cities would likely perform better in the coming years than high-appreciation cities, and listed a couple that fit that description.

☆ Firefighter Mike Webb went from owning a single duplex to acquiring 35 units, all while working 40 hours a week. He breaks down his financing strategies and his favorite approach for adding properties
▼ + stars: | 2022-12-24 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

Firefighter Mike Webb wanted his family to have a lifeline if he were ever laid off. Mike Webb didn't get into real estate so that he would never have to work again. Rather, the Maryland firefighter wanted his family to have a lifeline if he were ever laid off from his job — which was at one point a credible possibility. "Once I got started in real estate, I was just like, 'Ah, man, I didn't know all this stuff was possible. So to me, I'm able to do something that gives me purpose and quenches something that real estate doesn't."

☆ A millennial investor who built a 25-unit real-estate portfolio in one year breaks down how she financed it — and how she uses social media to source deals
▼ + stars: | 2022-11-26 | by ( William Edwards | ) www.businessinsider.com time to read: +5 min

She started by searching for investing strategies online, then using social media to source deals. Amelia McGee wants you to know how simple it is to get started in real-estate investing. How McGee uses social media in real estate investingYou might have guessed that social media plays in big role in McGee's real-estate endeavors. It's a 27% cash on cash return and cash flows over $2,000 a month.' But McGee uses social media to find tenants as well as partners.

☆ BiggerPockets’ housing-market guru says he sees home prices falling up to 10% over the next 12 months with housing affordability at four-decade-lows
▼ + stars: | 2022-10-26 | by ( William Edwards | ) www.businessinsider.com time to read: +4 min

With housing affordability deteriorating, home prices are due to fall, says Dave Meyer. The BiggerPockets housing market expert said he expects a decline of up to 10% in prices. "Houses are just not affordable at these prices with these interest rates," Meyer said. Either mortgage rates would have to skyrocket, he said, or housing prices would have to continue on their torrid pace upward. Morgan Stanley strategists said in late September that they expect home price growth to end 2023 at -3% year-over-over.

☆ A married couple with a 47-unit real estate portfolio worth $19 million share the top 4 books that got them started on the path to building wealth
▼ + stars: | 2022-09-18 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +7 min

Today, Kenny Simpson and Krystle Moore have amassed a $19 million, 47-unit real estate portfolio. They share their four top book recommendations to help aspiring real estate investors. These cover wealth building, money-saving tax strategies, negotiating, and deal making. Before Kenny Simpson and Krystle Moore met in late 2008, both had previously harbored separate real estate investing ambitions. "If you're thinking about getting into real estate, you need to read 'Rich Dad Poor Dad.'"

☆ The biggest dilemma for homeowners right now: Should I sell or rent my home in 2022?
▼ + stars: | 2022-09-08 | by ( James Rodriguez | ) www.businessinsider.com time to read: +7 min

More owners are now wrestling with the question of whether to sell their home or rent it out. Sellers in today's housing market face a nagging question: Should I just rent out my home instead? He told Insider he's now debating whether to sell or rent out his property. Some property managers are preparing for more homeowners to choose to rent out their homes rather than sell. "As we move into fall here, and more and more properties continue to hit the market, the market becomes weaker and weaker," Linnemann said.

☆ A 20-year-old Marine who makes $3,000 a month from real estate investments shares 6 books that got him started in everything from house hacking to short-term rental strategies
▼ + stars: | 2022-05-10 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +8 min

He shared with Insider six books that helped him get started in his real estate journey. In an interview with Insider, Adesada mentioned six specific books that helped him get started on his journey to financial freedom through real estate investing. "So by the end of that exercise, I had started developing a plan to buy my second property." Adesada hired her team based on the strategies in "Long-Distance Real Estate Investing" by David Greene, which instructed investors to choose "rockstar real estate agents" for markets outside of their local area. "It's really all the information you need to run a successful real estate property management company — not just own a property or two," he explained.

☆ Lululemon's new shoes — Raleigh's hot housing market — The youngest world traveler
▼ + stars: | 2021-10-15 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +3 min

Settle in and enjoy some of our best reads from the past week, including stories about wealthy parents buying homes for their adult children, Lululemon's new sneakers, and Raleigh's red-hot housing market. Jessie Casson/Getty ImagesThere's a new trend in the housing market: Wealthy parents are taking out cheap loans they don't need so they can buy homes for their adult children. Lexie Alford23-year-old Lexie Alford recently broke a Guinness World Record by becoming the youngest person to travel to every country in the world. Traveling by boat, plane, and train, Alford told us about her experiences as a solo female traveler crossing the globe. Even as the rest of the housing market shows early signs of cooling, Raleigh has stayed hot, in part because of the area's emergence as a tech hub.

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