Latest news with #realestateinvestors
Yahoo
a day ago
- Business
- Yahoo
The BRRRR Method: Robert Kiyosaki's Secret To Building Wealth Through Real Estate
Building long-term wealth through real estate investing isn't easy, but that doesn't mean there aren't proven paths to success. One such path, created by Robert Kiyosaki, is the BRRRR method, which debuted in his book 'Rich Dad Poor Dad' and has since become a blueprint for real estate investors. Read Next: For You: An acronym for 'buy, rehab, rent, refinance and repeat,' this approach guides investors to purchase low-priced properties in need of inexpensive upgrades and rent them out. It's not a get-rich-quick scheme, though. Instead, it slowly creates a flow of passive income and builds equity that can potentially become a sizable real estate portfolio of rental homes. If this sounds like something up your alley and you want to learn more about the BRRRR strategy, check out these steps to get you started. Step 1: Buy Obviously, to get the process of investing in real estate started, you need to buy a property. This shouldn't be something completely turnkey, as you're looking to get a discount. Buying a slight fixer-upper can help you attain lower mortgage payments, interest rates and closing costs. Set your sights on properties like a foreclosure, slightly distressed homes or even a place that just needs a few upgrades. As long as the potential is there and the improvements needed fit your budget, you're likely in a great position to buy. Learn More: Step 2: Rehab After you've purchased the property, it's time to get to work. Exactly what that will entail in the short term will vary by property — i.e., updating the kitchen and bathrooms, removing old carpet, installing new windows, purchasing new appliances and upgrading the landscaping. Before starting renovations, make sure the money you're putting into this house will be a good return on investment. For example, adding a pool to a home in a non-tropical climate might not increase your property value, but finishing a basement could. Step 3: Rent After your rental property is upgraded, it's time to list it. This means you'll need to decide how much you want to charge per month in rent, which should be based on several factors. To get to this number, analyze the monthly rates of similar rentals in the area, factor in any recent market changes and consider maintenance and repair costs. You should also consider how tenants will pay their rent — i.e., through a property manager, by check or electronically. There are also many factors to consider when choosing tenants. For example, you might require applicants to meet a certain income threshold, submit a credit report and provide references. Step 4: Refinance Finally, you'll want to refinance the property. Since you worked hard to increase the value of the home, you should be able to use that as collateral on your new loan. This means you will likely be able to recoup your initial investment and possibly even additional equity. This should feel satisfying, after all the hard work you put into the process. Step 5: Repeat After buying the house, renovating it, renting it out and refinancing it, your work is done, with or without cashing out refinances. With the cash back in your pocket, you'll have the financial freedom to start the process all over again — if you so desire. Final Take To GO: BRRRRing Home the Bacon Real estate has been a proven money-maker with it comes to alternative investments. This doesn't mean it's an easy undertaking though, as it will require a lot of upfront funding and a good amount of elbow grease to build your wealth. With that said, following Kiyosaki's guidance could turn your fortune around. Caitlyn Moorhead contributed to the reporting for this article. More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 7 Things You'll Be Happy You Downsized in Retirement How Much Money Is Needed To Be Considered Middle Class in Your State? This article originally appeared on The BRRRR Method: Robert Kiyosaki's Secret To Building Wealth Through Real Estate Sign in to access your portfolio
Forbes
08-07-2025
- Business
- Forbes
Florida Home Prices: At The Tipping Point?
Across the country, home prices surged in 2022 but nowhere more so than in Florida, where sale prices jumped 30%. The Sunshine State's spike was partly the result of delayed demand during the pandemic and partly due to Florida's desirability as a retirement destination — a place where people will buy a home even before they actually live there. As prices rose in 2022, future retirees swelled demand, and prices skyrocketed. The longer-term result of the 2022 surge and additional increases that followed is that prices in Florida today are from 20 to 40% higher than average local incomes can support. Housing cost-to-income imbalances of this magnitude are almost always followed by multi-year corrections, but in Florida — as in most other U.S. markets — this hasn't yet happened. However, we're beginning to see signs that things may be very different in the next year, and the reasons aren't difficult to understand. First, it's fairly clear that mortgage rates will remain high, which cuts the number of new buyers. Second, the very nature of being a retirement-heavy market means there's higher-than-average turnover of homes. Fewer buyers and a constant flow of properties for sale means downward pressure on prices. Florida Metro Markets Show Sharp Divergence in Home Prices and Job Growth from 2022 to 2025 Vertical IQ Our table (right) shows home price and job data for a dozen Florida markets. Jobs are traditionally our best marker for the health of a local economy. The combination of economic weakness and faltering home prices in southwest Florida — the region where prices increased the most in 2022 — strongly suggests that a long period of price adjustment is just getting started there and will eventually spread across the state. Elsewhere in Florida, places like Jacksonville, Orlando, Miami, and Tallahassee are less dependent on the retirement market, but they will not be immune to this residential real estate correction. My advice to investors is to get out now and quickly, even if you have to put an ax to your asking price. Don't wait six months to see how things shake out as the market is likely to have further deteriorated by then.
Entrepreneur
07-07-2025
- Business
- Entrepreneur
Is It Time to End Commission Only Contracts for Real Estate Brokers?
Many brokers work on commission only – meaning zero salary. Given the competitive nature of the industry, many go several months without earning anything. Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. Nobody can doubt the sheer scale and size of the real estate brokers industry in Dubai. At the last count, there are 5,933 active real estate brokers and 2,285 registered brokerage offices, according to the Dubai Land Department. These numbers reflect the dynamic nature of Dubai's real estate market, which attracts both brokers and investors. It's hardly surprising: In the last week of June, the Dubai real estate sector recorded AED17.73bn ($4.8bn) of transactions last week, according to data from the Land Department. In total there were 4,109 sales transactions recorded between June 23 and June 27. Among the most expensive sales transactions listed on the Land Department website were: an apartment in Balqais Residences in Palm Jumeirah sold for AED29m ($7.9m); an apartment in The Royal Atlantis Resort and Residences in Palm Jumeirah sold for AED11.3m ($3.1m); an apartment in Bayview Apartment in Dubai Harbour sold for AED11m ($3m). So it's obvious why literally thousands of people – many from abroad – are flocking to Dubai for a slice of the action. Real estate brokers have never been more active. But are they getting a fair deal? Many brokers work on commission only – meaning zero salary. Given the competitive nature of the industry, many go several months without earning anything. That only makes them more desperate to close deals, not always acting in the best interests of their client. Worse still, many brokerages now charge their employees (who don't get a salary) a joining fee of over $1000. Others charge for the use of a desk and phone and other basic essentials. Never mind zero salary. I know many brokers who end up on negative income each month. That is, we are told, part of the game. It's the risk you take in the pursuit of earning big bucks. But should it be this way? Isn't it time the conversation is opening on whether new regulation is needed, and brokers are paid a minimum guaranteed salary? I believe doing so would not only be in the interests of brokers, but ultimately of buyers and sellers.
Economy ME
04-07-2025
- Business
- Economy ME
Dubai real estate hits record high in Q2 2025 with AED 184.3 billion in sales transactions
Dubai's real estate market has achieved its highest-performing quarter on record, according to new data from Property Finder. In Q2 2025, the market recorded 53,252 property sales transactions, marking a 22 percent increase in volume and a 49 percent surge in value compared to the same period in 2024. The total value of transactions reached an unprecedented AED 184.3 billion. This historic quarter builds on the strong momentum from Q1 2025, reinforcing Dubai's reputation as one of the world's most attractive and resilient property markets, even amid ongoing global economic uncertainty. The sharp rise was fueled by continued demand across both ready and off-plan segments, reflecting high confidence among investors and end-users. The ready property market led the charge in Q2, outperforming all previous records in both sales volume and transaction value Read: Dubai real estate: Luxury deals rise 93 percent this year as 13,000 new millionaires move to UAE Ready property market delivers record-breaking performance The ready property market led the charge in Q2, outperforming all previous records in both sales volume and transaction value. The performance is attributed to a growing shift from renting to owning, as rising rental prices encourage more residents to invest in property. 22,975 ready property transactions were completed, up 33 percent from Q2 2024 Total transaction value soared to AED 115.5 billion, a 62 percent year-on-year increase from AED 71.3 billion Compared to the previous market peak, this reflects a 32 percent rise in value and a 15% growth in volume The ready segment accounted for 43 percent of total market activity, indicating a clear shift toward long-term homeownership Off-plan segment reaches new highs Dubai's off-plan property market also hit new records, underscoring strong investor confidence in the city's long-term development pipeline. The total value of off-plan sales reached an all-time high of AED 68.8 billion, up 29 percent from AED 52.6 billion in Q2 2024 Off-plan transaction volume grew 16 percent, reaching 30,277 deals, and represented 57 percent of all property sales in Q2 The continued surge highlights sustained demand from both local and international investors, driven by Dubai's regulatory stability, growth potential, and global appeal With both ready and off-plan sectors posting historic results, Dubai's real estate market continues to outperform expectations, signaling a strong outlook for the second half of 2025. Cherif Sleiman, chief revenue officer, Property Finder Cherif Sleiman, chief revenue officer, Property Finder commented: 'What continues to set the UAE apart is proactive governance, including agile policy making, updated licensing protocols, and tighter regulation around agent conduct and property advertising, all of which contribute to greater transparency, investor confidence and robust sectoral performance. 'As our data shows, the diversity of options in the property market today, especially across apartments, villas, and townhouses, reflects a healthy and active ecosystem, particularly in segments like villas and townhouses that have historically faced supply constraints. This balance between demand and inventory signals market maturity rather than oversupply.'
Arabian Business
29-06-2025
- Business
- Arabian Business
Dubai real estate sector sees $4.8bn of transactions last week, including $8m Palm Jumeirah apartment
The Dubai real estate sector recorded AED17.73bn ($4.8bn) of transactions last week, according to data from the Land Department. Sales transactions dominated the figures, with AED13.22n ($3.6bn), according to Land Department data. In total there were 4,109 sales transactions recorded between June 23 and June 27. Dubai real estate last week Among the most expensive sales transactions listed on the Land Department website were: An apartment in Balqais Residences in Palm Jumeirah sold for AED29m ($7.9m) An apartment in The Royal Atlantis Resort and Residences in Palm Jumeirah sold for AED11.3m ($3.1m) An apartment in Bayview Apartment in Dubai Harbour sold for AED11m ($3m) The Land Department also showed mortgage deals worth AED3.17bn ($863m) last week. Gift transactions in the same period were valued at AED1.34bn ($365m).
