estate
Howard Lutnick opened his wallet and Rolodex to turn Newmark into a commercial real estate success.Lutnick now plans to head to Washington to take a position as President Trump’s commerce secretary.”I’ll miss Howard,” Newmark CEO Barry Gosin tells Business Insider. “But the day-to-day business runs.”Howard Lutnick, chosen by President-elect Donald…
Andre Nader sold his Austin rental due to stress outweighing financial benefits.He and his wife, who moved to SF in 2014, have found renting to be more cost-effective than owning.Nader says he doesn’t need to own real estate to hit his FIRE goals and focuses on index fund investing.Andre Nader…
Investing.com — Real estate markets are regaining momentum as favorable macroeconomic conditions and recent data suggest compelling opportunities for investors, according to analysts. Falling U.S. Treasury yields this week signaled growing investor confidence in the Federal Reserve’s potential to continue cutting interest rates. This optimism is reflected in the housing…
Avery Heilbron left his corporate job in 2024 to pursue real estate full-time.Heilbron, who built a 14-unit portfolio, got his start using a strategy called house hacking.He generates cash flow from short- and long-term rentals. His Airbnbs are more lucrative but time-intensive. When Business Insider spoke with Avery Heilbron in…
Selling appreciated assets like stock and real estate can trigger high capital gains taxes.Moguls can save big by gifting assets to their parents, inheriting them back, and then selling them.The ultra-rich can use upstream transfers to double how much their kids inherit without estate tax. Wealthy entrepreneurs face hefty capital…
Recent months have seen a strong rebound in Real Estate Investment Trusts (REITs). From July 1 to August 16, 2024, the S&P 500 Real Estate Index rose by 9.9%, outperforming the ‘s 1.4% gain. Market expectations of a change in Federal Reserve (Fed) interest-rate policy have largely driven this rally.…
Great Ajax Corp (NYSE:) has revealed a strategic shift towards commercial real estate during its second quarter 2024 earnings call. The company reported a GAAP net loss of $12.7 million, mainly due to mark-to-market and realized losses on mortgage loan sales. Despite the loss, Great Ajax is transitioning from reperforming…
This as-told-to essay is based on a transcribed conversation with Jennifer Rozelle, 36, an attorney at the firm Indiana Estate & Elder Law, about seeing families receive inheritances in her line of work. The following has been edited for length and clarity.I’m an attorney who practices exclusively in estate planning,…
When mortgage rates started to spike in 2022, the thinking was that higher borrowing costs would put a lid on prices, which had spiraled endlessly upward since the pandemic sparked a buying frenzy. That didn’t quite happen, and home prices have kept climbing, so much so that a recent report from…
This as-told-to essay is based on a conversation with Syed Lateef, a 36-year-old Airbnb Superhost in Chicago. It’s been edited for length and clarity.I’m the CEO of SyedBnb, a short-term rental company with over 300 units and 100 employees.After dropping out of college for one year before returning to get…
