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“Amplifying” Your Equity and When to Pay Off Debt vs. Invest
Want to buy rental properties while the market is down? If you didn’t already know, you could be sitting on the perfect funding source found right under your own feet. But with today’s mortgage rates still double what they were last year, is taking out any of your equity a mistake, or could this be […]
Luxury apartments dominate U.S. cities amid housing recession
Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed in 2022, and they expect another strong showing in 2023. Experts believe much of this new stock is built with upper-tier customers in mind. “You often see new housing branded as […]
6 Innovative Practices In The Early 20th Century That Skyrocketed The Ford Motor Company To Success
In this article, we’ll discuss examples of the innovative practices of the Ford Motor Company, … [+] founded in 1903 by Henry Ford, that helped it revolutionize the automobile industry. getty Tech startup founders usually draw their lessons from the history of the information technology industry. However, companies have been innovating technologically for much longer, […]
Inheriting Tenants, Getting Pre-Approved, and Raising Rent
You’re buying a rental property and, in the process, inheriting tenants. What now? Can you go ahead and start raising rent? Not so fast. Before making any rash decisions, you might want to implement tenant estoppel agreements. These legally binding documents will help you and your tenants get on the same page. And Ashley and Tony are here to […]
Kauffman Foundation Fund Awards CDFI Grant, Its Third, To DreamSpring
Most entrepreneurs have a hard time getting loans from banks. It’s a big problem for all founders, but especially those from marginalized communities. Shakia Webb Matt Long, Kauffman Foundation That’s why, several years ago, the Ewing Marion Kauffman Foundation formed its Direct Capitalization Loan Fund, which aims to expand the loan pools available to small […]
New Proposed Tax Plan Seeks To Eliminate 1031 Exchanges
In this article President Biden’s proposed Budget for the Fiscal Year 2024 seeks to promote expanded access and improved affordability in healthcare and education while cutting taxes for low-income families and shrinking the deficit, but the proposed funding comes from increasing taxes on the wealthy and eliminating an important tax break for real estate investors, which will likely […]
Building Tech That Lasts — Learning From France’s Reparability Index
Have you heard about planned obsolescence? It’s an industry practice of designing products with limited lifespans (thus driving sales). It explains why electronics are now the fastest growing source of waste in the world, with big impacts on our planet. Social entrepreneur Laetitia Vasseur founded STOP Planned Obsolescence to reverse this trend (Halte à l’Obsolescence […]
28 Rentals Before 28 Years Old (and Doing it All in Just 3 Years!)
Twenty-eight rental units before turning twenty-eight years old? That takes some SERIOUS drive. But after talking to Jake Radawick, the whole story makes much more sense. Within three years, Jake built a rental property portfolio that brings in over $200,000 a year in rent and provides Jakes with a full-time salary’s worth of passive income. […]
Pending home sales rose in February, mortgage rates jumped
A For Sale sign displayed in front of a home on February 22, 2023 in Miami, Florida. Joe Raedle | Getty Images Higher mortgage rates took some of the juice out of the housing recovery in February. After a sharp gain in January, pending home sales rose just 0.8% month to month, according to the […]
