Paying Off $130K Debt in ONE Year With THIS RE Business

Key Takeaways: – Nicole Rutherford started in rental arbitrage, making $1,500 per unit each month – Landlords raised rents and competition increased, leading to losses and debt of $130,000 – Nicole pivoted to co-hosting, helping property owners with short-term rentals – Co-hosting differs from arbitrage in terms of responsibilities and liabilities – Nicole decided to…

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120 Rentals in 3 Years by Buying Multifamily During a BAD Market

Key Takeaways: – Asset prices falling, mortgage rates high, banks not taking new loans – Brian Adamson built multimillion-dollar, 120-unit portfolio with cash flow and equity in past four years – Brian started investing before Great Recession, continued through housing crash – Started investing in multifamily in hot market and areas most investors avoid in…

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ThoughtFocus appoints new chief business officer

Key Takeaways: – Santhosh Ananthakrishnan appointed as chief business officer at financial services consulting firm ThoughtFocus – Will oversee growth strategies and report directly to CEO Shylesh Krishnan – Impressed with firm’s long-term customer relationships and culture of excellence – Latest round of growth investment from H.I.G. Capital to boost firm’s growth – Ananthakrishnan previously…

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Liberty parent Ocwen records $64M loss in 2023 but sees reverse as an asset

Key Takeaways: – Ocwen Financial Corp. posted a $64 million loss in 2023 but sees positive trajectory for reverse mortgage business – Reverse mortgage servicing business remained profitable, with growth in subservicing volumes – Reverse mortgage origination segment maintained profitability, focusing on correspondent and co-issue channels – Ocwen CEO Glen Messina discussed challenges and opportunities…

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