Author: josh
📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here. ONE BIG THINGFederal judge throws serious shade on Musk’s tiny settlement in Twitter lawsuit A federal judge reluctantly signed off on the settlement of an SEC lawsuit against Elon Musk, using language suggesting that the deal was a lousy one for shareholders. The SEC alleged he broke the law in 2022 by failing to disclose that his stake in Twitter had crossed a 5% threshold. Musk didn’t make the disclosure because he knew it would drive…
Key takeaways Hiring a real estate agent and pricing competitively are the best ways to sell a house faster and for more money. Focusing on the basics—small updates, decluttering, staging, curb appeal—is crucial. Most housing markets favor buyers; sellers should not expect to receive multiple offers for above asking within a week of listing. The U.S. housing market has been stuck in a rut since the pandemic. Elevated mortgage rates, record prices, and an unsteady economy have kept many buyers on the sidelines and turned most of the country into a strong buyer’s market. Historically few homes are selling,…
Don’t want to wait until 65 to retire? With a combination of rental properties and some of the other investments we’re covering on today’s show, you may not have to. Whether you’re starting from zero or diligently building your nest egg, use these eight steps to build a diversified portfolio and reach financial freedom much faster!Welcome back to the Real Estate Rookie podcast! Today Ashley and Tony are pulling back the curtain on their actual retirement plans—what they’re doing, why they’re doing it, and what they wish they’d known sooner. They share how they first got into real estate investing…
📬 Would you prefer to receive this information in your email inbox every morning before the markets open in New York? Sign up here. IRANBack to boiling point: Oil rises as conflict resumes in the Middle East The war is back on. Iran said today it had struck 85 U.S. sites in Bahrain and Kuwait, in the latest escalation of a fast-developing situation in the Gulf. Those strikes came after U.S. forces struck targets in Iranian coastal areas yesterday and overnight. And that came after Iran fired on three tankers in the Strait of Hormuz, which Iran believed had not…
In This Article Name Remington Lyman Location Columbus, Ohio Occupation Real estate investor & brokerage owner Assets ~100 residential units and four commercial deals, including a 24-unit apartment building and a 24,000-square-foot warehouse Investment strategy House hacking, BRRRR, partnership structuring, commercial (triple net lease, opportunity zone), medium-term rentals Financing Conventional house hack financing, cash purchases with delayed financing/refinancing, JV equity splits, 1031 exchange Remington Lyman was a Division I rifle athlete turned finance analyst at J.P. Morgan, and by every conventional measure, he was doing everything right. Then his boss handed him a 2% raise at review time and called…
Chicago has no shortage of famous landmarks, but some of the best places in the city are the ones you won’t find on every travel itinerary. Whether you’ve lived here for years or are looking to find a home in Chi Town, there’s always another neighborhood, restaurant, or local spot to check out. We asked Chicago locals to share the hidden gems and unique places they think everyone should experience. 1. Hidden gems in the Loop neighborhood As the city center of Chicago, the Loop neighborhood is full of unique things to do. From great eats to high-rises and attractions,…
OPEC+ has agreed to raise oil production by a further 188,000 barrels per day from August, marking the fifth consecutive monthly increase in output quotas as the group continues to unwind its earlier production cuts. That brings the total increase in output quotas to around 940,000 barrels a day since the war began. The move comes as oil prices continue to ease amid Gulf states ramping up production and the reopening of the Strait of Hormuz calming fears of major supply disruptions. Brent crude is now trading around $72 per barrel, down from its April peak of $126 per barrel and close to pre-conflict levels. …
Key Takeaways Deciding where you should live requires balancing your priorities. Affordability is a top requirement among home searchers today, but other factors like school quality, weather, and commute times are important. Americans today are more commonly moving to sunnier, more affordable places to live, and away from cities with a higher climate risk. Deciding where to live means weighing big priorities like affordability, jobs, and climate alongside everyday details like coffee shops, dog parks, and community. There is no singular “best” place to live—it all comes down to personal priorities like affordability, job availability, and outdoor access. Whether you’re…
In This Article As if homeowner’s insurance weren’t expensive enough, a new federal rule has quietly moved the responsibility to pay for roof damage claims off the insurers’ shoulders and onto property owners. This means that after storm damage, investors must foot the cost for damage to their roofs—if they opt to pay less for their insurance—which could result in five-figure bills for landlords, eliminating hard-won cash flow in one fell swoop. The Specifics of the New Rule According to MarketWatch, the Federal Housing Finance Agency (FHFA) announced in March that Fannie Mae and Freddie Mac will now accept homeowner’s…
South Korean chipmaker SK Hynix isn’t one of the Magnificent 7 stocks but is in a class of its own after pulling off a stunning rally on the back of the AI boom, and it’s about to land on U.S. markets, Fortune’s Jason Ma reports. The offering will be a crucial test of investors’ desire to keep funding the AI boom. Shares will list on the Nasdaq and are expected to start trading on Friday, raising about $29 billion in what could be the biggest-ever first-time share sale by a foreign company. That’s after SK Hynix’s Korea-listed stock has shot…