China's Property Market Is a Tale of Big Cities. Everywhere Else Is Struggling.
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Yahoo
37 minutes ago
- Yahoo
Scott Trench: Don't Buy a Rental Property Unless You Have This Financial Cushion
Most people buying their first rental property are wildly underprepared, and not in the way they think. You can binge all the real estate podcasts you want, but if your financial foundation is shaky, the whole thing can tilt. That's the warning Scott Trench from BiggerPockets brought to 'The Money Guy Show,' where he laid out a case for not jumping into real estate just because it's trendy or sounds 'passive.' Read Next: Check Out: Before you make your first down payment, there's one thing you absolutely need: a cushion that can actually carry weight. Also see the easiest and hardest ways to invest in real estate. Build a Strong Financial Foundation Before thinking about touring properties or calculating your future cash flow, you need a healthy margin between what you earn and what you spend. Not just enough to squeak by, but actual breathing room. Trench called this the 'spread,' and if there's not several thousand dollars left over after taxes each month, you're not ready. That might sound harsh, but it's reality. Because roofs cave in, pipes burst, furnaces die in the middle of winter and sometimes tenants will refuse to pay. If you're one unexpected expense away from having nothing in your bank account, a rental property won't fix that; it'll make it worse. Trench argued that real estate investing should follow, not precede, a solid financial base, which includes emergency reserves, a steady income and a lifestyle that doesn't devour every cent you make. You don't need to be rich, but you do need to be stable (and boringly consistent). That's the kind of foundation that keeps a rental from becoming a liability. Be Aware: Why HELOCs and Risky Leverage Are Red Flags Some investors treat their home equity like an ATM, pulling out a home equity line of credit (HELOC) to fund their first rental. Trench thinks that's a mistake. 'A big pet peeve of mine is when people take out a HELOC on their primary to buy a rental property,' he said. Why? Because that debt isn't free. A $60,000 HELOC paid back over five years means coughing up around $1,000 a month before interest, Trench explained. Sure, the rental might cash flow a bit, but not enough to cover that. Instead of generating income, the property now pulls money from your life every month. In fact, according to FINRA, taking out a HELOC to invest includes extra risks than just investing, as you're 'placing a huge bet that the investment will increase enough for your to realize a profit after paying back your loan principal, interest and other loan and investment-related costs.' Leverage can be a useful tool, but only when the foundation is rock-solid. Otherwise, you're just stacking risk on top of risk and hoping the market stays strong. Start Where You Can, but Plan To Upgrade Not everyone can afford a $500,000 turnkey rental in a great school district. 'Someone who's just getting started out making $75,000 a year is not going to have the option to buy … in the $500,000-plus range,' Trench said. That doesn't mean you can't invest at all; it just means you need to start smaller, maybe with a lower-cost property. But that's step one, not the end goal. These properties might come with more hands-on management, DIY repairs and tenant headaches. They can work, but Trench suggested thinking long term. The plan should be to gradually trade up: fewer repairs, more stable tenants, better neighborhoods. In essence, use it to build momentum, then move toward properties that make your life easier, not harder. Go Local If you can buy in your own city or somewhere you know well, do it. Trench said local investing gives you better control, fewer surprises and less reliance on strangers to manage your asset. Out-of-state deals can work, but only if you're serious about scaling and committed to building a trustworthy team on the ground. Final Thoughts Trench isn't trying to scare anyone off real estate; he just made the case for doing it with your eyes open and your finances in order. A solid cushion, smart use of leverage, realistic property choices and a long-term mindset aren't flashy, but they're what separate sustainable investing from costly regret. If you're serious about building wealth through real estate, start slow, stay local if you can and make sure every move strengthens your financial footing rather than shaking it. More From GOBankingRates 9 Downsizing Tips for the Middle Class To Save on Monthly Expenses This article originally appeared on Scott Trench: Don't Buy a Rental Property Unless You Have This Financial Cushion Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
cove Launches "Real Estate Meets AI" Podcast Exploring How AI is Reshaping the Built Environment
Hosted by CEO Sandeep Ahuja, the series features candid conversations with industry leaders on the evolving intersection of real estate and AI. ATLANTA, July 17, 2025--(BUSINESS WIRE)--cove, a full-service AI-powered architecture firm, announces the launch of Real Estate Meets AI, a new podcast hosted by co-founder and CEO Sandeep Ahuja. The series explores how artificial intelligence is reshaping the design, development, and delivery of buildings, featuring real-world perspectives from CTOs, Chief Data Officers, and digital transformation leaders from major real estate developers and REITs. "We created Real Estate Meets AI for those who are building the future—literally," said Ahuja. "Whether you're focused on investment, strategy, or operations, these conversations explore how AI is being put to work inside some of the most forward-thinking organizations in real estate." The premiere episode features Keats Ali, Chief Technology Officer at Lincoln Property Company, in a candid discussion on the evolution of data strategy, the role of AI in customer experience, and how to drive change management within legacy systems. Future episodes will follow regularly, offering a behind-the-scenes look at how large-scale organizations are implementing AI in real-world workflows. Episode 2, launching today, features Rukevbe Esi, SVP, Chief Digital Officer at AvalonBay Communities. Episodes are released regularly and run 20–30 minutes each. Real Estate Meets AI is available on Spotify, Apple Podcasts, and YouTube. About cove cove is a full-service AI-powered architecture firm built for what's next. The firm partners with real estate leaders, combining deep architectural expertise with artificial intelligence to enable smarter decisions, reduce risk, and create long-term value. cove's architects leverage the firm's proprietary intelligence platform, to solve complex design challenges from early feasibility through final documentation, accelerating timelines, reducing rework, and improving decision-making across teams. With hundreds of successfully completed projects totaling more than half a billion square feet, cove brings clarity to complexity and consistently drives better outcomes for clients and communities. View source version on Contacts Krystl Blackpress@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
2 hours ago
- Business Insider
AMD Stock Gets a Price Target Boost from Citi's Top Analyst Ahead of Q2 Earnings
Advanced Micro Devices (AMD) will report its Q2 2025 earnings results on August 5. Ahead of the report, AMD stock got a bullish upgrade from Citi's Top analyst Christopher Danely, who raised his price target to $165 from $145. The new price target indicates a 5% upside from current levels. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. However, he maintained a Hold rating on the stock, warning that the China-related gains from the sale of MI308 chips may be short-lived. Danely ranks #644 out of 9,889 analysts tracked on TipRanks. He boasts a 66% success rate and an average return per rating of 11.00%. Analyst Sees Short-Term Upside, But Stays Cautious The five-star analyst believes AMD stock could continue to move higher in the near term, as excitement around AI remains strong. Danely pointed out that investors are growing more optimistic ahead of AMD's earnings, and the broader market continues to favor chip stocks tied to AI. As a result, Danely raised his price target to $165, based on 44x expected 2026 earnings. The new price target reflects growing optimism that rising demand for AI chips could lift AMD stock in the near term. Despite the price target bump, the analyst prefers to remain on the sidelines for now, noting that much of the AI-driven optimism may already be reflected in AMD's share price. Danely cautioned that investor expectations might be too high going into earnings, and a clearer view of the company's outlook will only emerge once results are out in August. What to Expect from AMD's Q2 Earnings Wall Street analysts expect AMD to report earnings of $0.48 per share for Q2, down 30% from the year-ago quarter. Meanwhile, analysts project Q2 revenues at $7.41 billion, according to the TipRanks Analyst Forecasts Page. The figure marks a year-over-year increase of about 27%. Is AMD a Good Stock to Buy? On TipRanks, AMD stock has a Moderate Buy consensus rating based on 25 Buys and 10 Holds assigned in the last three months. The average AMD price target of $144.45 suggests a downside potential of 7.99% from its current price. Year-to-date, shares of the company have gained about 30%.
