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I make $200,000 a year in passive income after retiring at 34, and it only works because I followed 5 steps

“By the time 2012 rolled around, I was earning enough passive income (~$78,000) to negotiate a severance and be free. 4) Calculate how much passive income you need” writes Sam Dogen for businessinsider.com. For so long, my primary mindset for passive income was rental income.Once my wife decided to join me in 2015, also at the age of 34, I decided to shoot for $200,000 in passive income.Further, my passive income portfolio got even more passive, which is good as a stay-at-home dad to a newborn.Selling the house brought my…

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DAMAC Properties ‘holds its nerve’ amid Dubai real estate slump: CFO

“DAMAC is feeling the impact of a real estate market in Dubai that is under pressure because of lower property prices and subdued sales as new developments hit the market” reports businessinsider.com. Taqi said the firm was “holding its nerve” in terms of cash balances and payment plans.DAMAC has $270 million in Islamic bonds due early next year and plans to pay them down, rather than approaching the market to refinance them. Source: businessinsider.com Share This:

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Harwood seeks to capitalise on rental boom with £175m float

“Harwood Real Estate is understood to be considering an initial public offering on the main market in the coming weeks for its private rented sector division, which would make it the first listed company to target pre-built housing units exclusively for renters” writes Liam Halligan for telegraph.co.uk. The residential rented sector has expanded enormously in recent years as tenants have sought more professionally managed homes instead of signing leases with private landlords. Source: telegraph.co.uk Share This:

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NYC real estate tops new list with the most expensive per square foot rates in the US—some over $10K

“Manhattan real estate is an average of $1,773 per square foot, according to NeighborhoodX. The next most expensive area on a per square foot basis is San Francisco, which averages $902 per square foot” writes Scott Eells for cnbc.com. Per square foot, real estate in Manhattan is the most expensive in the United States, with the average property in the borough eclipsing all other locals. Source: cnbc.com Share This:

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London housing sales struggle as multiple issues put off buyers

“The London real estate market is losing steam with sales struggling to complete” writes Christopher Furlong for cnbc.com. Real estate companies have admitted that a slowdown in sales has affected their profits.Savills also said Thursday that residential transactions fell 7 percent in London during the first half of 2018, denting its profits.Data from Reapit Group, a real estate software company, showed that, on average, houses in the Greater London region were withdrawn from sale after 5.7 months. Source: cnbc.com Share This:

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Many Americans ended up homeless during the real estate crisis 10 years ago— here’s where they are now

“But where are the victims of the real estate and financial crisis now?” writes Business Insider Deutschland for businessinsider.com. The real estate crisis drove many US citizens to financial turmoil.Overall, the financial crisis has taught people and institutions alike a lesson in being more cautious.As well as real estate prices having risen, the American economy is currently showing a positive trend and is at a historic low as regards unemployment, according to the Süddeutsche Zeitung.Today the Richards have largely recovered from the consequences of the financial crisis and fortunately most…

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Lawsuit against estate of late Miami Marlins pitcher Jose Fernandez is settled

“Families of two young men settled their wrongful death lawsuit against the estate of Miami Marlins pitcher Jose Fernandez” writes Linda Trischitta for sun-sentinel.com. Emilio Macias, 27, and Eduardo Rivero, 25, died two years ago with the 24-year-old pitching ace during a late-night boat crash on a jetty in Miami Beach.Ralph Fernandez, the lawyer for Jose Fernandez’s estate, said, “I’m delighted that this stage of the conflict has concluded. Source: sun-sentinel.com Share This:

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Pick your poison: Here are the best neighborhoods for real estate investing if you want income or if you want growth

“Are you a real estate investor looking for strong price growth and great cash flow?” writes Andrea Riquier for marketwatch.com. It’s a truism among real estate professionals that properties can be one or the other, but not both.Annual home price appreciation for an “A” grade property is about triple that in a “C” category, but annual appreciation in rents and gross annual rental yields are higher in the lower-rated categories.Also read: The new housing play: Helping priced-out renters become long-distance landlords New tools from Attom Data demonstrate that principle visually. Source:…

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News Stocks 

Cushman & Wakefield’s stock opens nearly 6% above IPO price

“Cushman & Wakefield PLC’s stock CWK, +3.53% opened 5.9% above its initial public offering price, as the real estate services company raised at least $765 million” writes Reporter Editor for marketwatch.com. The IPO pricing late Wednesday values the company at about $3.1 billion.The company, which had been owned by a private-equity consortium since 2014, has gone public at a time that the Renaissance IPO ETF IPO, -1.00% has gained 3.5% over the past three months, the SPDR Real Estate Select Sector ETF XLRE, -0.21% has climbed 6.8% and the S&P…

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