Why 3 financial experts said I should buy a rental property

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • I started investing in the stock market for the first time in 2020.
  • Now that I’m more comfortable, I wanted to know where else I could put my money for better returns with less risk.
  • I asked three financial experts, and they all recommended buying a rental property.
  • They cited the passive income, control over the asset, and tax and retirement advantages of owning a rental property as good reasons to buy one.
  • Start investing today with SoFi »

Over the last few months, I’ve grown curious about the best use of money I’ve budgeted for investments. I’ve slowly, over the past year, put small amounts of money into the

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Facing foreclosure, Pinecrest shopping center relinquished to New York lending company following coronavirus-related financial woes

CLEVELAND, Ohio – A New York-based lender who gave a $171 million loan to the developers of Pinecrest in Orange Village now owns Northeast Ohio’s newest shopping and dining center, thanks to financial issues related to the coronavirus pandemic.

Cuyahoga County Fiscal Office records show that an affiliate of Square Mile Capital Management owns the 750,000-square-foot complex as of Wednesday. The firm in January 2019 issued a loan so that Fairmount Properties and DiGeronimo Companies, which developed Pinecrest, could refinance their construction obligations.

Crain’s Cleveland, which broke the story, reported that the transfer happened through a “deed in lieu of foreclosure,” which signals that the developers gave up the property instead of facing a foreclosure lawsuit. Cleveland.com and The Plain Dealer could not immediately obtain a copy of the land transfer documents, though court records show the previous owners did not face any foreclosure lawsuits in the county.

Fairmount Principal

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Lightyear, Ontario Teachers to Buy Allworth Financial for $750 Million

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Allworth Financial will soon have a new owner. Lightyear Capital and the Ontario Teachers’ Pension Plan Board have agreed to buy the registered-investment-advisor aggregator.

Financial terms weren’t announced. Allworth is selling for roughly $750 million, Barron’s has learned. It’s unclear how much each firm will own of the wealth manager. Ontario Teachers is investing more capital, but governance of Allworth will be split between the two firms, Barron’s has learned. Allworth senior management, which is staying, will remain significant shareholders, a statement said. The deal is expected to close later in the fourth quarter.

“We are proud of what we have been able to accomplish to date and believe Lightyear and Ontario Teachers’ will help accelerate our pursuit of becoming a national firm that brings unbiased, straightforward retirement planning guidance to thousands of families,” said Scott Hanson, an Allworth co-founder and senior partner, in the statement.


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CVB Financial: One Of The Best Commercial Real Estate Lenders In The Country (NASDAQ:CVBF)

Investment Thesis

Headquartered in Ontario, California, CVB Financial Corporation (CVBF) is a $13.8 billion asset holding company and parent to Citizens Business Bank. While primarily located in the Southern California region, CVBF offers a wide range of financial services through its 58 branch locations and three trust offices. While size and scale are very advantageous factors when determining the root causes of success in the banking world, CVBF has managed to carve out a very reputable commercial real estate (CRE) lending franchise. With more than 64% of its portfolio associated with either owner-occupied CRE or non-owner occupied CRE, the bank has a solid grasp on the credit underwriting associated with buildings and real estate loans. Because the combined CRE portfolio has a weighted average of 52% loan to value, I would contend that CVBF is one of the best underwritten banks in the nation.

When thinking about the bank’s valuation,

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A financial planner has 4 pieces of advice for pandemic homebuyers

Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, like American Express, but our reporting and recommendations are always independent and objective.

  • A financial planner who recently bought his first home during the coronavirus pandemic says that many things about homebuying are still the same, but buyers should consider doing three things differently.
  • First, make sure your emergency fund is topped off — in a time of economic uncertainty, keeping a full emergency fund is more important than ever.
  • And, if necessary, make a smaller down payment to prioritize keeping cash on hand. 
  • Increasing your credit score by paying down debt could also be helpful, as many lenders are requiring higher credit scores to qualify.
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Homebuying is having a moment right now,

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Real Estate, And Financial Planning: Best, When Used Together!

Many, often, articulate, some of the essentials, of financial planning, but, do so, without fully, paying attention, to what this should include, and mean! There are many necessities, including the need, to include, all possible components, which might enhance one’s ability, to be, as successful, from a financial perspective, as possible. However, many, only look at this, in terms of stocks, bonds, and other investments, without, fully considering, where real estate, should fit in, to the overall equation. It takes intelligent, financial planning, both, from an overall perspective, as well as, a specific one, to determine, how to create, the proper balance, and direction, for each of us. There is no such thing, as, a, one – size- fits – all, approach, but, rather, this article will attempt to consider, examine, review, and discuss, why, in most instances, real estate, should be, a vital part, of one’s personal, financial plan.… Read More