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From $500 to 40 Rental Units After Going Broke in Last Crash
Eric Quinn turned $500 into over forty rental properties without rich relatives, a winning lottery ticket, or a magic genie. Like many investors after the 2008 crash, Eric was left flat broke, with an unbelievably high adjustable mortgage rate, hundreds of thousands in credit card debt, and just a few hundred dollars to his name. […]
Why rent control won’t solve the issue of high rents in the U.S.
In December 2022, $1,981 was the typical monthly rent in the United States — a 7.4% increase from the year prior. But while rent has begun to stabilize nationwide, rent affordability remains difficult for many Americans. “There’s literally nowhere in the country where a tenant is not burdened by their rent,” according to Leah Simon-Weisberg, […]
How This Entrepreneur Hopes To Build A Robust, Data-Centric Approach To Health And Wellness
Fount looks to tackle everyday stressors like jetlag and sleep with its customized approach. Fount Andrew Herr, founder of Fount, wants to customize healthcare. This one-size-fits-all approach, he says, is not working. But to do that, he needs better data. “The current data we have is garbage.” Herr, who has worked with the military and […]
College Rentals, Airbnbs, & Plumbing Problems
Don’t know what to do AFTER closing on a house? You’ve found your market, done your due diligence, passed your inspections, and now you’re asking, “what’s next?” Two of our three mentees are about to close on their first (and next) rental properties, but they don’t have to go in blind, thanks to the expert […]
Property investments in China should pick up at the end of the second quarter: Economist
Hao Hong of Grow Investment Group says developers will be "running out of inventory to sell" by the middle of 2023 because they haven't been building in the past two to three years. Source link
94% Took Off Without VC
Takeoff without VC: Why 94% of Billion-Dollar Entrepreneurs Did It getty Can you grow and takeoff without venture capital (VC)? That is the question every entrepreneur should ask. You spend the same amount of time to build a small business as you do for a growth venture. Might as well go for growth. And 94% […]
Where the REAL Money is Made in Multifamily
The way you manage your multifamily real estate could be the defining factor when growing a bigger portfolio, reaching financial freedom, and leaving a lasting legacy. The “DIY management” style works for most real estate investors until they build a significant stack of multifamily properties. Then, the toilet calls, tenant complaints, and late rent checks […]
Mortgage rates tumble in the wake of bank failures
A residential neighborhood in Austin, Texas, on Sunday, May 22, 2022. Jordan Vonderhaar | Bloomberg | Getty Images The average rate on the popular 30-year fixed mortgage dropped to 6.57% on Monday, according to Mortgage News Daily. That’s down from a rate of 6.76% on Friday and a recent high of 7.05% last Wednesday. Mortgage […]
8 Creative Ways To Welcome A New Employee To The Team
By YEC Starting your new hire off on the right foot can make all the difference. getty Starting a new job can be stressful, so as a leader, it’s crucial to make sure that your new hires feel welcome and supported from the very beginning. Here, 12 Young Entrepreneur Council members share onboarding strategies that […]