Key Takeaways: – Individual mortgages can be bundled together into mortgage-backed securities (MBS) and sold to investors on the secondary market. – If a mortgage in an MBS bundle defaults or contains errors, there is a repurchase risk where the entity that sold the MBS is obligated to buy back the non-performing or defective mortgage…
Key Takeaways: – Nasty Gal started as an eBay side hustle and grew to a business doing $100M in sales – Sophia Amoruso, the founder of Nasty Gal, had no prior business experience or training – Nasty Gal became a profitable clothing empire and Sophia was featured on the cover of Forbes – Nasty Gal…
Key Takeaways: – The guest on the Real Estate Rookie podcast, Andrew Freed, successfully completed a $6.5 million real estate deal using other people’s money. – The deal involved a portfolio of 12 properties with a total of 69 doors. – Andrew found the deal through a direct mailer, but it was brought to him…
Key Takeaways: – Investing in real estate can lead to massive wealth – It is a simple, repeatable process that many Americans have used to get rich – It takes knowledge and time to succeed – BiggerPockets is a resource for learning how to buy rental properties – Scott Trench, CEO of BiggerPockets, shares his…
Key Takeaways: – High upfront costs of a home purchase and rising home prices and mortgage rates are leading to longer periods before making a profit on a home purchase. – The percentage of the down payment affects the time it takes to make a profit, with higher down payments resulting in a shorter timeline….
Key Takeaways: – The article discusses the goals of four experienced investors for the year 2024. – Indar Lange’s goals include paying off debt, selling properties in Connecticut, generating $84,000 per month in net passive income, prioritizing family time, and achieving a $1 million net profit annually from his flipping company. – Amelia McGee’s goals…
Key Takeaways: – Real estate prices have been volatile, with a significant increase followed by a stall and flatline. – Rents skyrocketed in 2021 due to a lack of supply and delays in new construction caused by the pandemic. – Rent growth has been deterred by increased new supply and affordability limits. – People have…
Key Takeaways: – Grey accents, such as grey walls, sofas, and tile, are going out of style in 2024. – Sliding barn doors are impractical and no longer complement the overall design scheme of a home. – Ultra-modern minimalism is being replaced by more layered spaces full of color and pattern. – The Grand Millennial…
Key Takeaways: – The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) shows a six-point drop in builder confidence, marking the fourth consecutive drop this year. – Builder confidence has fallen a total of 22 points since July and is currently at its lowest level since December 2022. – Ongoing building supply…
Key Takeaways: – A preconstruction home on Providenciales, an island in the Turks and Caicos archipelago, was recently sold. – The sale of this property highlights an important lesson for potential buyers. – The property was bought before it was fully built, which is known as a preconstruction purchase. – Preconstruction purchases have become popular…
