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☆ A real estate investor who got started at age 38 explains how he built a 16-unit portfolio worth $2.7 million in just 4 years by adopting a compound growth mindset
▼ + stars: | 2023-04-22 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +12 min

Dan Rivers didn't buy his first real estate property until 2019, when he was 38 years old. A late start to real estate investingWhen Rivers was 16 years old, doctors discovered he had a congenital heart murmur. Although he didn't know anybody there and had never sold real estate, Rivers decided that he wanted to capitalize on his newfound confidence by trying his hand at becoming a real estate agent. But his real estate investing journey began picking up steam in 2019, when he met a local real estate flipper. How a compound growth mindset contributed to Rivers' successIn fact, Rivers credits much of his real estate investing success to this compound growth mindset.

☆ I've scoured Detroit's dumps, streets, and abandoned homes for wood and metal to make furniture. It's exciting to be part of a movement that redefines how society should use reclaimed materials.
▼ + stars: | 2023-04-04 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +6 min

At first, I didn't even know that car design was an actual career or business. Woodward Throwbacks' Detroit showroom. It is a sustainable design studio that custom builds furniture and home goods with recycled materials found in the city. I was falling out of love with car design, and the possibility of being my own boss excited me. What Woodward Throwbacks is doing — redefining how society sees and uses reclaimed materials for everyday use — has never been done before.

☆ A 28-year-old financially independent real estate investor explains the 'most inexpensive way to buy real estate' and how to score low down payments
▼ + stars: | 2023-03-26 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +7 min

Durham-based real estate investor Avery Heilbron owns 5 properties on his own and co-owns one. He afforded his first place by house hacking and says it's "the most inexpensive way to buy real estate." What allowed him to go from an average earner in America to above-average was real estate investing. Kai Anderson's book "Retire on Real Estate" was what originally nudged him in the direction of owning property, he said. "There are a lot of ways to get into real estate without actually using a lot of money," Heilbron emphasized.

☆ The stock market and the economy are stuck on different pages - but the Fed's going to get the last word
▼ + stars: | 2023-02-27 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

It's one of my favorite books, and the idea is relevant today because "Catch-22" is a fitting characterization of what's facing stocks and economy right now. Good news isn't good news and bad news is good news. To be sure, inflation remains hot, as we saw in Friday's Personal Consumption Expenditure data — the Fed's preferred inflation gauge. Even as many top commentators are split on the outlook for the economy, markets appear stuck digesting a host of mixed signals, from strong economic data on the one hand, to fears of higher rates on the other. The billionaire Tesla chief has warned that the central bank could crush the value of the entire stock market.

☆ 'That's really bad advice': A real estate investor who owns over 1,000 units and retired at age 36 explains why 'zero-money-down' strategies like wholesaling will no longer work for investors in 2023
▼ + stars: | 2023-02-24 | by ( Lisa Kailai Han | ) www.businessinsider.com time to read: +6 min

"Bootstrapping" real estate strategies like wholesaling have exploded in popularity in recent years. A veteran real estate investor, he has in the last two decades amassed a robust portfolio that includes ownership in over 1,250 units across 30 different properties in 15 states, according to documentation verified by Insider. He added: "Debt is a wealth magnifier … That's the beauty of real estate. In recent years, these strategies, such as wholesaling — where investors make a profit by being the middleman in a real estate transaction — have wildly exploded in popularity. According to Allred, investors were able to make money simply by being in the game and having any exposure to real estate.

☆ A 28-year-old sold over $5 million worth of wallets on Amazon in the last 12 months. He shares the first steps he took and how he went from breaking even to profiting over $100,000 per month.
▼ + stars: | 2023-02-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

Joe Reeves started selling men's wallets on Amazon in 2021 as a way to make some extra side money. In August 2021, Reeves started selling men's wallets on Amazon. Reeves started his e-commerce business shortly after his son was born as a way to supplement his day job income. If you want to sell on Amazon, go into the process knowing that "it's not going to be cheap," he advised. "The more money you're willing to spend on it, the faster it'll blow up."

☆ Don't think you have enough money to invest in real estate? Here's how 4 investors got started with less than $10,000 upfront.
▼ + stars: | 2023-02-12 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

They used strategies like buying with an FHA loan and partnering with someone to split the costs. Wanot isn't the only successful property investor Insider has spoken with who got started without much cash. Dominic Kosteris bought a modest starter home even though he could have afforded moreReal estate investor Dominic Kosteris and his family. Sean Allen bought out-of-state in a more affordable market and invested with a friendLos Angeles-based real estate investor Sean Allen and his fiancé. Becoming a property investor all started with a conversation with his friend back in 2013.

☆ How a college student can make 6 figures in real estate, according to a 22-year-old home flipper set to rake in $300,000 this year
▼ + stars: | 2023-02-10 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Shawn Castellanos earned about $150,000 during college by wholesaling homes with few renovations. Castellenos says he built his business without financial help and expects to earn $300,000 in 2023. "When you start talking about investing you're going to talk about real estate, because that's probably the best thing to invest in." The first house that Shawn Castellanos flipped in Dublin, Ohio, a 20-minute drive from Columbus. The interior of the house that Shawn Castellanos flipped.

The U.S. Bureau of Labor Statistics adjusts the raw numbers for January (and every other month) to strip out these seasonal effects and focus on the underlying trend by applying a set of seasonal adjustment factors. The application of seasonal adjustment factors then transformed smaller-than-normal actual job losses into a reported job gain of 443,000 in the private sector. There were also reported employment increases in construction (25,000), manufacturing (19,000) and mining, quarrying and oil and gas extraction (3,000). Labour hoarding probably exaggerated the strength of the jobs market in January 2023 and is likely to reverse in the next few months if economic growth continues to slow. There is a strong incentive to hold on to recently and expensively hired staff until the softening of the economy and the labour market is actually confirmed.

☆ A Navy officer who built a $1 million real estate portfolio with $14,000 shares her top 7 tips for those who want to purchase property with little cash
▼ + stars: | 2023-01-28 | by ( Laila Maidan | ) www.businessinsider.com time to read: +5 min

If you're starting with little cash, you need the right house to qualify for certain loans. Ana Snider is an active-duty Navy petty officer who also decided to get her broker license after taking an interest in real estate. Her top 7 tips for beginnersThe best way to prepare yourself for a property purchase is to connect with a loan officer from a bank or lender that offers down payment assistance programs. Before finding the houses, Snider recommends finding the buyers or investors. She recommends starting in your own backyard.

☆ A 30-year-old self-made millionaire shares 4 investing principles to follow in 2023
▼ + stars: | 2023-01-05 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

He shares four investing principles that anyone can follow in 2023 to build wealth. He earned enough from his salary plus commissions to start investing in real estate in his early 20s. While real estate may always be his bread and butter, he also invests in the stock market. The self-made millionaire shared four investing principles that anyone can follow in 2023 to build wealth. This principle can also be applied to real estate investing.

☆ 8 'super savers,' early retirees, and money experts share their 'recession-proof' strategies and other top money advice as we head into 2023
▼ + stars: | 2022-12-25 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

One expert wants people to know that the stock market is just one way of many to invest. Beef up your emergency fundNew Hampshire-based real estate investor Matt "Lumberjack Landlord" and his family. For him, that means investing in real estate, which he's been doing since he was 23 years old. "If you take your money and buy real estate, you'll never make 30 times or even five times your money in one day. Get creative when it comes to financing your investmentsSeattle-based real estate investor and co-founder of Evergreen Housing Network Ludomir Wanot.

☆ A real estate investor and wholesaler who profited over $500,000 in 2021 shares 4 pieces of investing advice for 2023, including what not to do: 'Stay away from flipping'
▼ + stars: | 2022-12-24 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Ludomir Wanot, who is financially independent thanks to real estate, gave his top advice for 2023. For the next four years, Wanot continued investing in and learning the ins and outs of real estate while working full-time at Amazon. He discovered first-hand just how lucrative real estate wholesaling could be: On his first wholesale deal, he profited $160,000. You need a solid financial foundation before you invest in real estate. You can read more about how seller financing works and how you can find these types of deals here.

☆ A 28-year-old who owns 42 cash-flowing properties explains how he started investing in real estate without any cash, and shares his top 6 tips for beginners
▼ + stars: | 2022-12-22 | by ( Laila Maidan | ) www.businessinsider.com time to read: +10 min

Thomas Harr began investing in real estate after trying to fix and flip and wholesale. Today, Harr owns 42 properties, many of which are multi-family homes that have numerous rental units within them. And, throwing the nicest stuff in these houses that sometimes they don't need," Harr said. And that's where a lot of people get this real estate investing game a little bit wrong. As for the past year's rising interest rate, Harr says there's never going to be a perfect time to buy real estate.

☆ U.S. producer prices increase in November; trend slowing
▼ + stars: | 2022-12-09 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

The report from the Labor Department on Friday also showed underlying producer prices increasing at their slowest pace since April 2021 on a year-on-year basis. "Easing producer prices foreshadow an improving inflation environment," said Jeffrey Roach, chief economist at LPL Financial in Charlotte, North Carolina. However, the monthly increase in producer prices illustrates the need for continued tightening." A 3.3% increase in food prices was offset by a 3.3% drop in energy costs. Excluding the volatile food, energy and trade services components, producer prices gained 0.3% in November.

☆ 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.

☆ Jobless rate rises as UK prepares to tighten belts again
▼ + stars: | 2022-11-16 | by ( William Schomberg | ) www.reuters.com time to read: +3 min

With finance minister Jeremy Hunt set to raise taxes and cut spending on Thursday to fix the public finances, potentially deepening an expected recession, the jobless rate rose to 3.6%, pushed up by a rate of 3.8% in September alone. Economists polled by Reuters had expected the unemployment rate to remain at 3.5%. The number of job vacancies in the August-to-October period fell to 1.23 million, its lowest since late 2021. Wages excluding bonuses rose by 5.7%, their highest annual growth rate excluding the coronavirus pandemic period. Hunt has said he will address the problems of worker shortages in his budget statement on Thursday.

☆ U.S. producer prices slow in October in boost to inflation outlook
▼ + stars: | 2022-11-15 | by ( Lucia Mutikani | ) www.reuters.com time to read: +4 min

Goods prices rose 0.3% in September. Gasoline jumped 5.7%, making up 60% of the rise in goods prices. Food prices rose 0.5%, lifted by fresh and dry vegetables as well as chicken eggs. Excluding the volatile food, energy and trade services components, producer prices rose 0.2% in October. In the 12 months through October, the core PPI rose 5.4% after increasing 5.6% in September.

☆ Japan companies hold firm on capex plans with focus on tech: Reuters poll
▼ + stars: | 2022-11-09 | by ( Rocky Swift | ) www.reuters.com time to read: +2 min

Among 400 companies polled, 52% said digitalisation and information technology would be a focus for capital investment in fiscal 2023, a trend particularly strong among non-manufacturers. It marked an increase from January 2019 when 42% of companies said tech would be an investment focus. The yen plunged to a 32-year low against the dollar last month, making imported inputs more costly. Even so, more than 90% of respondents said the weakening of Japan's currency had not affected their capital spending. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research between Oct. 25 and Nov. 4, canvassed 495 big, non-financial Japanese firms on condition of anonymity, allowing them to speak more freely.

☆ A real estate investor has brought in $1 million on 5 wholesale deals in 2022. He explains what wholesaling is and how to make money doing it.
▼ + stars: | 2022-11-03 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +12 min

At 28, he became a multi-millionaire and felt comfortable leaving his 9-to-5 to double down on real estate. Today, the 30-year-old investor makes the majority of his money from real estate wholesaling. How to start real estate wholesaling in 4 stepsIf you want to give wholesaling a shot, it's possible to do so on a smaller scale. His favorite wholesaling books include: "The Real Estate Wholesaling Bible," "If You Can't Wholesale After This: I've Got Nothing For You," and "The Best Wholesaling Book Ever." Do a Google search to find a community in your zip code and start attending local real estate meet-ups.

☆ 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 real estate investor who is financially independent from his 25-unit portfolio that he built in 4 years shares his best advice to rookie investors and how to 'find good deals'
▼ + stars: | 2022-10-21 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Real estate investors agree that a key to succeeding is networking with the right people. Knowing very little about real estate investing at that point, Mark told her he'd think about it. He agreed, called up a real estate agent he knew in the area, and told her he wanted to invest in real estate. "The best way to network, no matter where you live, is to find a local real estate meet-up group." Anyone can use it to connect with real estate investors and find events to attend.

☆ Japan Inc strongly backs defence spending, many firms near limit on weak yen
▼ + stars: | 2022-10-12 | by ( Rocky Swift | ) www.reuters.com time to read: +4 min

read moreAmidst those threats and rising geopolitical tensions following Russia's invasion of Ukraine, Prime Minister Fumio Kishida has pledged to "substantially" boost defence spending, which remains under his ruling party's goal of 2% of GDP. Register now for FREE unlimited access to Reuters.com RegisterThe latest Reuters poll showed that 81% of Japanese companies were in favour of raising defence spending to that level. read moreHalf of firms polled expect the weak yen to hurt profits through the end of January, compared with 29% who expected it would boost earnings. read moreSLUGGISH GROWTHAmong those hurt by the weak yen, 64% said they were coping by raising prices, the most common response. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research, canvassed 495 big, non-financial Japanese firms on condition of anonymity, allowing them to speak more freely.

☆ Japan Inc strongly backs defence spending, many firms near limit on weak yen - Reuters poll
▼ + stars: | 2022-10-12 | by ( Rocky Swift | ) www.reuters.com time to read: +4 min

Register now for FREE unlimited access to Reuters.com RegisterThe latest Reuters poll showed that 81% of Japanese companies were in favour of raising defence spending to that level. And in last month's poll, three quarters of firms said they were concerned about a geopolitical crisis around Taiwan. read moreHalf of firms polled expect the weak yen to hurt profits through the end of January, compared with 29% who expected it would boost earnings. read moreSLUGGISH GROWTHAmong those hurt by the weak yen, 64% said they were coping by raising prices, the most common response. The Reuters Corporate Survey, conducted for Reuters by Nikkei Research, canvassed 495 big, non-financial Japanese firms on condition of anonymity, allowing them to speak more freely.

☆ How to build wealth from real estate investing, according to 7 couples and individuals who have done it
▼ + stars: | 2022-09-23 | by ( Business Insider | ) www.businessinsider.com time to read: +10 min

With patience and the right strategies, real estate investing can be a path to financial freedom. Several people who have used real estate to build wealth told us how they got started. Insider spoke to individuals, including Zuber, who have used real estate as a tool to build long-term wealth. When he was in high school, "I found online that 90% of all millionaires became so through owning real estate." From that point on, he decided that real estate would one day be his path to wealth.

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