Rebekah Brately, Author at Benzinga https://www.benzinga.com/money/author/rebekah-brately Sat, 13 Jun 2026 06:10:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.1.15 https://cdnwp-s3.benzinga.com/wp-content/uploads/2022/05/12155024/V5-Rounded-Border-Green_adobespark-96x96.png Rebekah Brately, Author at Benzinga https://www.benzinga.com/money/author/rebekah-brately 32 32 How Long Does It Take to Rebuild Credit? https://www.benzinga.com/money/how-long-does-it-take-to-rebuild-credit Sat, 13 Jun 2026 06:09:35 +0000 https://www.benzinga.com/?p=257936 The post How Long Does It Take to Rebuild Credit? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

A missed payment, a credit card maxed out, or unexpected medical debt can sink your credit score quickly, sometimes in a single month. R ebuilding that score takes longer, but the timeline is neither random nor mysterious, and knowing what to expect helps you stay motivated through the recovery. How Long Does It Take to … Continued

The post How Long Does It Take to Rebuild Credit? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post How Long Does It Take to Rebuild Credit? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

A missed payment, a credit card maxed out, or unexpected medical debt can sink your credit score quickly, sometimes in a single month. R

ebuilding that score takes longer, but the timeline is neither random nor mysterious, and knowing what to expect helps you stay motivated through the recovery.

How Long Does It Take to Rebuild Credit?

Credit recovery depends on what damaged your score, how badly the damage was, and how actively you work to repair it.

Most people see meaningful improvement within 6 to 12 months of positive financial behavior, but a full recovery to excellent credit (typically 740 or above) often takes three to seven years.

The timeline matters because credit scores are rebuilt chronologically, not erased.

Each item that hurt your score does not disappear overnight; instead, it fades as it ages.

A late payment that appears on your report today will gradually matter less over time, then vanish entirely after seven years, but during those years it continues to drag down your score.

The further back in your history the negative item sits, the less damage it does.

So a late payment from six years ago affects your score far less than one from six months ago, even though both still appear on your credit report.

What Determines Your Recovery Speed

The type of damage you have sustained shapes how quickly you can recover.

A single missed payment typically takes longer to overcome than a high credit card balance, because the payment history is worth 35% of your credit score, the largest single factor.

Missed payments are “major negatives,” as scoring models weight them heavily; paying down credit card debt is “building positives,” since utilization (the percentage of your available credit you are using) makes up 30% of your score.

Late payments drop a score 100 to 300 points immediately, while maxing out a card might drop it 50 to 150 points, which means the recovery paths differ sharply.

If your score dropped because of high utilization, paying down those balances can raise your score within 30 days, because credit bureaus usually update every 30 days and utilization changes instantly when you make a payment.

If your score dropped because of late payments, on the other hand, the damage fades slowly over time, and you cannot erase the late payment itself.

That is why recovery from payment misses takes longer: you must wait out the aging process while simultaneously building positive history on top of it.

The First Year: Building New Habits

The most dramatic improvements happen in the first year, when positive behavior outweighs the initial damage.

If your score has dropped, starting to pay every bill on time immediately is the single most effective move.

Payment history is such a dominant factor that one year of clean payments can offset a single missed payment that happened three years ago.

Opening a new credit account or becoming an authorized user on someone else’s account can also help, because a new account with a clean history adds to the positive side of the ledger.

Paying down existing balances is equally important; lowering your utilization to below 30% of your available credit can add 50 to 100 points within a month or two.

We have broken down the steps to improve your credit score, which walks through payment strategies and the order in which to tackle different types of debt.

The Middle Years: Patience and Persistence

After the first year, improvement slows because you have exhausted the quick wins.

Paying on time and keeping balances low continue to help, but the benefit is incremental rather than dramatic.

This is the hardest period psychologically, because progress is visible but slow.

A negative item that you are hoping will age off the report is still there, still visible to potential lenders, even if its impact has diminished.

This is where many people lose focus and miss payments again, which resets the clock on that negative item.

Staying consistent through this phase is crucial, because breaking your streak of on-time payments sends you backward.

If you are trying to decide whether to consolidate debt during this recovery phase, we have covered the pros and cons of credit consolidation, which explores timing questions for different scenarios.

When Negative Items Fall Off

The final major milestone is when negative items age off your credit report.

Most negative information stays on your report for seven years, after which it should be deleted automatically.

Late payments, charge-offs, and collection accounts all follow the seven-year rule, though the clock starts from the date of the first missed payment, not the date you finally settled the debt.

Hard inquiries, which are credit checks made by lenders when you apply for credit, fall off after two years.

After a negative item disappears, your score typically jumps noticeably, sometimes 50 to 150 points, because that weight is suddenly gone.

This is why the timeline varies so much: someone with a single late payment might recover in three to five years, while someone with multiple late payments, collections, or a foreclosure may need the full seven years or longer.

Taking Action Now

You cannot speed up the passage of time, but you can control your behavior from today forward.

Tracking your progress matters too; checking your credit report regularly and disputing any errors can remove inaccurate negative items, which is sometimes faster than waiting them out.

SmartCredit offers a free consultation to review your report and create a targeted recovery plan.

The most powerful move is also the simplest: build a schedule for on-time payments and stick to it, because consistency is what separates someone who rebounds in three years from someone who stays stuck for seven.

The post How Long Does It Take to Rebuild Credit? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/07/10061621/Untitled-design-74.jpg Best Cryptocurrency Brokers https://www.benzinga.com/money/best-cryptocurrency-brokers Tue, 06 Jan 2026 14:58:59 +0000 http://find.benzinga.com/?page_id=11213 The post Best Cryptocurrency Brokers by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Choosing a reliable crypto broker is crucial in today’s rapidly evolving digital asset landscape. As new brokers emerge with innovative features to cater to the growing demand for digital currencies, navigating the multitude of choices can become overwhelming. It’s important to select a broker with a user-friendly platform, competitive fees, diverse cryptocurrency options and dependable … Continued

The post Best Cryptocurrency Brokers by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post Best Cryptocurrency Brokers by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Choosing a reliable crypto broker is crucial in today’s rapidly evolving digital asset landscape. As new brokers emerge with innovative features to cater to the growing demand for digital currencies, navigating the multitude of choices can become overwhelming. It’s important to select a broker with a user-friendly platform, competitive fees, diverse cryptocurrency options and dependable customer support. To help you simplify the search and find the ideal broker that aligns with your crypto trading goals and preferences, Benzinga reviewed the top crypto brokers available in the market today.

The Difference Between a Crypto Broker and an Exchange

A cryptocurrency broker is a company or individual that facilitates buying and selling of cryptocurrencies for a fee. They typically offer a more personalized service and may set their own prices. On the other hand, a cryptocurrency exchange is a platform where users can trade cryptocurrencies with each other. Exchanges have order books and allow for more direct trading between users.

Table of Contents [Show]

Best Online Brokers for Cryptocurrency Trading

When choosing a crypto broker, it is important to consider their services and strengths. Some cryptocurrency brokers offer social trading platforms and a wider selection of altcoins for trading. The best crypto broker for you will depend on your specific trading or investing style.

1. Best Overall: Plus500

Plus500
Get Started securely through Plus500’s website
Disclosure: Trading with leverage carries a high risk and may not be suitable for everyone. 81% of trading accounts lose money.
Best For
Overall
N/A
1 Minute Review

Plus500 is a holistic investment platform that offers futures trading along with other options like crypto, options, stocks, ETFs and much more. Keep in mind that Futures are available through the Plus500 Futures platform, stocks are available through Plus500 Invest and CFDs are available through their Plus500 CFD platform. Futures are available for U.S. residents only.

Best For
  • Mobile users
  • Market access
  • Variety of assets
Pros
  • Quality website and mobile app
  • Low fees
  • Many other opportunities to invest
  • Plus500 offers three platforms: Plus500 Futures, Plus500 Invest and Plus500 CFD.
Cons
  • You may prefer a platform that is less complex
  • Futures are only available to U.S. residents while CFDs are not available for U.S. residents.

Futures trading on Plus500 provides access to commodity futures, stock index futures, and currency futures, allowing traders to speculate on future price movements with leverage. The platform offers real-time data, advanced charting tools, and risk management features, but lacks MT4/MT5 integration and automated trading tools that more seasoned traders may find useful.

While the futures market is inherently complex, Plus500 keeps the interface simple and accessible, making it an appealing option for US traders who want exposure to futures contracts — particular those first setting out or looking for a mobile application to trade from anywhere. Serious futures day traders may prefer a more specialized platform with deeper customization options.

Why We Picked It: Benzinga enjoys how Plus500 helps investors build multi-asset portfolios that can be tasked to save for the future, produce income now or something in between, including its intuitive interface and rich cache of information.

2. Best Bitcoin Broker: Coinbase

Coinbase
earn free crypto securely through Coinbase’s website
More Details
Disclosure: Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
Best For
Active Crypto Traders
N/A
1 Minute Review

Coinbase is one of the largest cryptocurrency exchanges by trading volume, serving customers in over 100 countries and supporting hundreds of crypto coins and tokens. The platform features a user-friendly interface with options like staking and earning, as well as a “learn and earn” feature where users watch educational videos and answer questions to earn crypto assets. Trading fees can be high on the basic platform, but users can access the advanced platform for free.

Best For
  • Coinbase is best for beginners because of its user-friendly interface.
  • The availability of over 30 products caters to the needs of traders of every mindset.
Pros
  • Coinbase offers a learn and earn program.
  • You can earn coins and tokens by watching tutorials and answering crypto-related questions. This platform lets you earn crypto just by spending your fiat via a debit card as you normally would when you use Coinbase’s Visa debit card.
  • Offer a wide variety of altcoins.
  • Ideal for new investors.
Cons
  • Complicated fee structure
  • Does not support margin trading (only 3x on Pro version)

Coinbase is the most popular and one of the best brokers for trading crypto in the United States and has served over 100 million users. It is well-known for its security and compliance with regulators. You can trade more than 200 cryptos on the platform with industry-standard trading tools and premier security. Coinbase also gives its users free crypto in a few different ways. 

When you sign up for an account with Coinbase you get a chance to spin a reward wheel for a prize of up to $200 in Bitcoin or USD. Coinbase also has a great program called Coinbase Learn. It allows you to earn a small amount of crypto by just reading about a token and taking a very short quiz. There is usually only about $20-$30 worth of crypto to earn from this, but it’s much better than nothing. You can also stake your cryptos on the platform with ease to earn passive income on your tokens.

Why We Picked It: Coinbase offers a user-friendly interface, strong security measures and reputation for reliability. This makes it a solid choice for anyone looking to get started in the world of Bitcoin trading.

3. Best for Crypto Trading Inside a Regulated Bank: SoFi

SoFi®
get started
More Details
Best For
Beginners
N/A
1 Minute Review

SoFi takes a modern approach to personal finance. It recently created buzz with the release of SoFi Crypto, a way to trade cryptocurrency on the app. The platform allows investors to familiarize themselves with crypto. It offers a high level of security, great customer support and an intuitive interface. However, it does have shortcomings with the number of cryptos offered and geographic restrictions.

Best For
  • Beginners
  • Centralization of your money
Pros
  • Charges low or no fees for some functions within the interface.
  • Relies on Coinbase, a very secure platform, to process transactions.
  • Presents a low barrier of entry — you only need $10 to start trading.
Cons
  • Currently only offers 28 coins.

Instead of operating as a standalone exchange, SoFi allows members to buy, sell, and hold more than 25 cryptocurrencies directly inside its federally regulated banking app. That includes major assets like Bitcoin, Ethereum, and Solana, all managed alongside everyday finances.

For users who already bank with SoFi, Crypto trades are funded directly from a SoFi Checking and Savings account, which means no external transfers or waiting periods before placing a trade. Everything lives in one app, making it easier to manage cash, investments, and digital assets in a single place.

SoFi’s crypto platform is designed with newer and long-term investors in mind. In-app guidance helps users understand how crypto works, while a straightforward interface keeps trading simple without overwhelming tools. It’s not built for advanced derivatives or high-frequency strategies, but it works well for investors who want exposure to crypto within a familiar, regulated environment.

SoFi is currently rolling out a Founding Member promotion that gives eligible users the chance to win Bitcoin based on trading activity through mid-January 2026, adding an incentive for early adopters to get started.

Why We Picked It: SoFi stands out for offering crypto access inside a nationally chartered bank, making it a strong option for investors who want to trade digital assets while keeping their finances under one regulated roof.

4. Best for Trading Crypto Through CFDs: Vantage Markets

Vantage Markets
Trade Now securely through Vantage Markets’s website
More Details
Best For
Dedicated CFD Traders
N/A
1 Minute Review

Established in 2009, Vantage is a CFD broker with over 15 years in the industry and is trusted by 5,000,000+ traders. Vantage Markets is an excellent choice for both beginner and seasoned traders, offering features tailored to diverse needs. With a low $50 minimum deposit, no account maintenance fees, and access to over 1,000 tradable instruments, it appeals to those seeking affordability and variety. Advanced tools like MetaTrader 4 and 5, TradingView, and proprietary platforms cater to professional traders, while copy trading and educational resources support beginners. Negative balance protection and segregated accounts ensure enhanced security.

Best For
  • Professional investors in need of an all-in-one broker
  • Those who are keen to learn more with free trading education resources
  • Intermediate and advanced traders with a small amount of capital
Pros
  • Spreads from 0.0 pips on FX, no overnight fees, and $0 commission on US shares
  • 1,000+ CFDs on forex, indices, commodities, shares, ETFs, and bonds to diversify your portfolio
  • Leverage options vary from 100:1 to 1000:1, tailored to the regulatory requirements of each region
  • Trade like professionals at a low cost with our copy trading tool
  • One-click trading, comprehensive TradingView charts, expert market analysis, and real-time price alerts all within the same platform
  • Free articles, interactive courses, educational videos, podcasts, and webinars, covering everything from how the markets work, to complex technical strategies
  • Real-time market analysis and insights
  • Intuitive mobile app with extensive functionality
  • Negative balance protection
  • 24/7 customer service is ideal for international account holders
  • Convenient and seamless deposit and withdrawal process
  • ASIC, FSCA, the FCS and VFSC regulations
  • Funds withdrawal: 2-5 business days
  • Promotional Campaign: Gain an extra 50% on your deposit or up to 100% when you make your first-time deposit to a Perpetual Account
Cons
  • Product range could be increased

Established in 2009, Vantage Markets has built a strong global reputation among over 5 million traders by offering a diverse, secure, and accessible trading environment. While the broker is best known for forex and CFD trading, its crypto offering has expanded significantly, allowing users to trade leading cryptocurrencies like Bitcoin, Ethereum, Solana, Dogecoin, Cardano, XRP, and more alongside traditional markets, all from a single platform. Vantage’s cryptocurrency CFDs let traders go long or short without owning the underlying asset, making it easy to capitalize on price swings. Spreads are competitive, and traders can access leverage up to 2:1 on major crypto pairs, depending on region and account type. The broker’s TradingView integration, MT4 and MT5 compatibility, and real-time charting tools provide a professional-grade environment for analyzing fast-moving crypto markets.

Why We Picked It: Vantage stands out for its user-friendly platform, transparent pricing, and robust education hub. Traders benefit from zero account fees, fast withdrawals, and negative balance protection, ensuring a safe and efficient trading experience. Advanced charting tools, copy trading, and mobile accessibility make it easier to follow trends and manage crypto positions on the go. Combined with strong global regulation (ASIC, FSCA, FSA, and VFSC) and 24/7 customer support, Vantage delivers a reliable, all-in-one solution for those looking to trade both digital assets and traditional markets.

5. Best for New Investors: Gemini

Gemini Crypto
get started securely through Gemini Crypto’s website
More Details
Best For
New Investors
N/A
1 Minute Review

Gemini Trust Company LLC is a cryptocurrency exchange that supports trading in over 70 assets. While its selection of cryptocurrencies is limited compared to some competitors, Gemini excels in account security and regulatory compliance. The platform offers additional features such as a cryptocurrency rewards credit card, a built-in hot wallet, and the ability to pay crypto at various retailers. These tools and services make Gemini a robust choice for both new and experienced traders seeking a secure trading environment.

Best For
  • Beginner-friendly platform offering handsome educational resources.
  • Strong security features, including staking options.
Pros
  • Gemini operates as a fully regulated cryptocurrency exchange.
  • It accepts clients from the U.S.
  • The platform employs stringent cybersecurity measures to protect users’ funds.
  • Gemini is well-capitalized and adheres to banking regulations.
Cons
  • Gemini is available in 60 countries, including the United States, the United Kingdom, Canada, Australia, Hong Kong, Singapore and South Korea.
  • It offers fewer crypto assets to trade, with just over 70 available.

Gemini is a trailblazer in the world of cryptocurrency, delivering a platform that blends strict security with user-friendly functionality. Launched in 2014 by the Winklevoss twins, Gemini has grown into one of the most reputable crypto exchanges globally, catering to everyone from crypto novices to institutional investors. If you’re looking for a one-stop shop to buy, sell and store digital assets, Gemini’s got you covered with trading tools, wallet solutions and a growing ecosystem of financial products.

The platform prides itself on regulatory compliance, being one of the first crypto exchanges to obtain a BitLicense in New York. With over 70 cryptocurrencies available, Gemini provides a seamless gateway for users to diversify their portfolios. And if you’re not just about trading, Gemini’s ActiveTrader platform caters to advanced users with sophisticated tools, and Gemini Staking allows users to earn interest on their cryptocurrency holdings by pledging their tokens to the network. For example, if you choose to stake ETH with Gemini Staking, you’ll earn 3.27% APR on your staked holdings. (Staking isn’t available for each cryptocurrency, and certain country restrictions apply, so be sure to check availability in your region.) Add in the Gemini Credit Card, offering crypto rewards on every purchase, and you’ve got a platform designed to meet the needs of a rapidly evolving financial world.

Whether you’re making your first Bitcoin purchase or managing a complex portfolio, Gemini stands out for its emphasis on security, ease of use and innovative products. From dynamic trading tools to crypto-backed rewards, it’s not just about buying and selling, it’s about reimagining the future of finance.

Why We Picked It: Gemini brings trading tools and security to new investors and experts alike in a format that is both intuitive and forward-thinking.

6. Best for Security: Kraken

Kraken
Get Started securely through Kraken’s website
More Details
Disclosure: Terms apply. US only, may not be available in all states. Securities and brokerage services offered by Kraken Securities LLC, member FINRA/SIPC. Digital asset services offered by Payward Interactive Inc., (NMLS ID:1843762) a FINCEN registered money services business, not a member of FINRA/SIPC and not FDIC insured. Bonus rates are determined and paid out by Payward Interactive, Inc. in its sole discretion and are subject to change. See www.kraken.com/legal for more info.
Best For
Security
N/A
1 Minute Review

Kraken is one of the oldest cryptocurrency platforms in the crypto market, catering to both new and expert cryptocurrency traders. By supporting over 200 cryptocurrencies, including altcoins and meme coins, Kraken gives investors more choices along with deep liquidity. The platform ranks No. 1 in Europe in large order executions with over 35% market share. In February, the platform launched an institutional offering to provide solutions like spot and over-the-counter (OTC) trading, custody and staking.  

Best For
  • Traders looking for advanced features and analytics
  • Investors seeking access to a wide range of cryptocurrencies
Pros
  • Provides access to a broad range of major cryptocurrencies and altcoins
  • Customizable order types, charts and leveraged futures trading
  • Strong commitment to security and regulatory compliance
  • Trusted by over 9 million clients in 190 countries
Cons
  • Not available in all U.S. states — no services to New York and Washington residents
  • You pay higher fees if you are not on Kraken Pro
  • Multiple apps may be confusing to beginners
  • Staking and rewards not available in the U.S.

Kraken Exchange isn’t just another platform, it’s where crypto trading comes alive. Designed to cater to both beginners and pros, Kraken’s trading interface offers deep liquidity, low fees and advanced tools that let you trade smarter, faster and more efficiently. With over 200 cryptocurrencies and numerous fiat pairings, Kraken is a playground for any trader looking to diversify their portfolio.

At its core, Kraken is about flexibility. Want to keep it simple? Use the platform’s instant buy feature to start trading in minutes. Prefer a more calculated approach? Set up custom orders or automate recurring buys to dollar-cost average your way into the market. For those ready to level up, Kraken’s spot margin trading lets you trade with up to 5x leverage, while futures contracts with 50x leverage unlock opportunities to hedge positions and maximize returns*. Fees as low as 0% mean your profits stay where they belong, in your account. 

But Kraken isn’t just for high-octane traders. Its security measures are unparalleled, with multi-layered encryption, cold storage for funds and round-the-clock monitoring. You can trust Kraken to keep your assets safe while you focus on strategy. The platform also has 24/7 customer support, so help is just a click away. 

Kraken’s ecosystem includes features like staking*. Need to make a big move? Use Kraken’s personalized over-the-counter (OTC) trading desk for large transactions without market disruption. From security to innovation, Kraken Exchange is the all-in-one platform that adapts to your trading needs and helps you stay ahead in the ever-evolving crypto world.

*Geo restrictions apply. Please refer to this page for more detail.

Why We Picked It: Kraken’s combination of security, variety of trading options and regulatory compliance makes it one of the top crypto brokers in the market.

eToro
Discover eToro securely through eToro’s website
More Details
Disclosure: Take 2 mins to learn more at https://etoro.tw/44JRWLY. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk
Best For
Social Investing
N/A
1 Minute Review

eToro crypto offers access to wide range of tokens, investment opportunities and educational tools for investors of all styles and levels of experience.

Best For
  • Investors looking to CopyTrade other traders
  • Simple user interface
Pros
  • Several major cryptocurrencies and altcoins
  • Expansive network of social trading features
  • Large client base for new traders to imitate
  • 100+ coins available
Cons
  • PayPal and Credit Card are not available for UK and FCA users

eToro fundamentally changed the way many people trade and invest with its social trading platform. Social trading involves mirroring another trader or investor’s transactions in a special social trading account. While you make the same amount proportionally as the trader you’re copying, you also take the same percentage of losses the trader takes. You can trade traditional investments like stocks and exchange-traded funds and cryptos on the same platform with eToro, making it a fantastic all-around platform.

Winner of Benzinga’s FinTech Awards for Best Multi-Asset Platform.

Why We Picked It: eToro is one of the best options for those looking to practice trading due to its unlimited demo account, real-time market data, user-friendly interface and seamless transition to live trading. Whether you are a beginner looking to learn the ropes or an experienced trader testing new strategies, eToro’s demo account provides a safe and risk-free environment to hone your trading skills.

8. Best for Web3: ZenGo

ZenGo
get started securely through ZenGo’s website
More Details
Best For
Web3 Security
N/A
1 Minute Review

Zengo is the most secure crypto wallet in Web3. Leveraging MPC technology, Zengo removes the vulnerability of the need for a private key, making it much more secure than traditional crypto wallets. Zengo’s simple recoverability process makes it easy for anyone to access their crypto from anywhere, at any time. Because of Zengo, MPC technology usually reserved for multi-billion dollar institutions is now available to average crypto users.

Zengo is an Israel-based company that specializes in building products for blockchains with a passionate focus on user interface (UI) and security. Founded by Gary Benattar, Ouriel Ohayon, Omer Shlomovits and Tal Be’ery in 2018, their unique mix of security, engineering and cryptography expertise enabled the Zengo project to raise $20 million in series A investment.

The aim of the Zengo team is to make the crypto economy more simple and secure for everyday users, removing technical barriers to entry while maintaining the highest levels of safety. Zengo strives to support all relevant native crypto protocols, financial services and digital assets.

Best For
  • Zengo’s friendly and intuitive interface makes the wallet a great choice for novice investors. Unlike many other cryptocurrency wallets, ZenGo removes many technicalities and complexities from storing cryptocurrency
  • Zengo eliminates the vulnerability of having a private key. This makes it a phenomenal choice for novice investors who don’t want the burden of keeping their private key safe and secure
Pros
  • Perfect for advanced traders
  • Strong customer service — Zengo has live 24/7 customer support that can be reached via email, live chat or social media
  • Strong security — three security factors (3FA) protect Zengo users
  • No need for private keys — eliminates the risk of single point of failure, key hacking/phishing. At the same time, all actions are on-chain.
Cons
  • While Zengo is available in 188 countries, some features are available only in certain locations
  • For users that are willing to take the full responsibility of managing and storing their private key, ZenGo’s approach may be unfit

ZenGo is one of the most powerful crypto wallets on the market, which also allows you to trade on the go. You can get started and avoid a private key, keep your investments safe and manage your crypto from anywhere.

You get incredible customer care that is available to you 24/7, but remember that some features may not be available where you live. Buy, sell, swap, send and stake all in the same place without overcomplicating your crypto investments.

Why We Picked It: Benzinga chose ZenGo in this position because it provides the highest level of security and allows for management of your assets on the go.

9. Best for Buying and Selling Dogecoin: Robinhood

Robinhood
get started securely through Robinhood’s website
More Details
Best For
Buying & selling Dogecoin
N/A
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Fee-free trading
  • Beginner crypto investors
  • Doge day traders
Pros
  • Commision-free trading
  • Access to Dogecoin
Cons
  • Limited altcoin selection
  • No wallet capabilities

Robinhood is a popular commission-free trading app that allows users to buy, sell and trade a variety of cryptocurrencies, including Dogecoin (DOGE). With its user-friendly interface, additional financial services, 24/7 customer support and crime insurance to safeguard against breaches or theft, Robinhood makes it easy to invest in the world of cryptocurrency.

One of the key features of Robinhood is its mobile accessibility, making it easy for users to trade anytime, anywhere. The mobile app, available for both iOS and Android devices, allows for seamless navigation and quick execution of trades. With a few taps on your smartphone, you can place orders, track your portfolio performance, and stay up to date on market news and trends.

Why We Picked It: With its commission-free trading, real-time market data and security features, Robinhood provides a comprehensive platform for trading popular cryptocurrencies including Dogecoin.

10. Best for Active Traders: Interactive Brokers

Interactive Brokers
get started
More Details
Best For
Active and Global Traders
N/A
1 Minute Review

Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.  

IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.

Best For
  • Detailed mobile app that makes trading simple
  • Wide range of available account types and tradable assets
Pros
  • Mobile app mirrors full capabilities of desktop version
  • Easy-to-use and enhanced screening options are better than ever
Cons
  • Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources

Interactive Brokers provides active crypto traders with numerous advantages over competitors. Did you know that most crypto exchanges charge a spread on your buy or sell orders? This means that you are paying extra for your crypto. Interactive Brokers charges no added spreads, markups or custody fees and charges low commissions. Interactive Brokers Crypto currently offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin and more digital tokens from Paxos Trust Company.

Listmaker of Benzinga’s FinTech Awards for Best Day Trading Software, Best Broker for Short Selling & Winner for Best Paper Trading Platform.

Why We Picked It: Interactive Brokers provides active traders with everything they need to succeed in today’s fast-paced and competitive trading environment. It offers low-cost structure, a diverse range of asset classes and advanced trading tools to help you in your trading journey.

11. Best for New Crypto Traders: Caleb & Brown

Caleb and Brown
get started securely through Caleb and Brown’s website
More Details
Best For
Crypto Newbies
N/A
1 Minute Review

Caleb & Brown is a premier team of world-leading cryptocurrency brokers established in 2016 with the mission to offer exceptional personal cryptocurrency services to each client. Known for facilitating large volume transactions in cryptocurrencies instantly at spot prices, Caleb & Brown enables clients to trade through a single, trusted source.

Best For
  • Individuals new to cryptocurrency
  • Those seeking clarity in the complex crypto market
  • Clients looking for personalized trading guidance
  • Busy individuals needing efficient investment processes
Pros
  • Clients are allocated a personal broker
  • Comprehensive global cryptocurrency services
  • Top-tier institutional grade security measures
  • Ability to trade over 300+ assets
  • Fast 24/7 access and support
Cons
  • Unavailability in New York State due to BitLicense restrictions

Caleb & Brown is a premier team of cryptocurrency brokers that offers support for all crypto account holders. Uniquely, this company wants to work with crypto newbies to help them learn how the markets work and what can be done to build a better portfolio. The crypto broker can easily facilitate large transactions, offer instant information on spot prices and provide the clients with customer support as needed.

With a personalized path to building a crypto portfolio, you can use Caleb & Brown for support when you don’t have time to build a portfolio. Plus, you can work directly with a dedicated broker who is going to get to know you and your needs. There are over 300 assets in which you may invest and industrial security measures.

Why We Picked It: Caleb & Brown is a top choice for the best crypto broker for beginners looking for a reliable, personalized and secure trading experience. With their focus on client satisfaction and commitment to excellence, Caleb & Brown sets itself apart as the best option for new crypto traders.

12. Best for Copy Trading: AvaTrade

AvaTrade
get started securely through AvaTrade’s website
More Details
Account Minimum
100 EURO
Pairs Offered
50+
1 Minute Review

AvaTrade is a highly trusted and globally recognized brand known for its wide range of trading platforms for forex and CFD traders. They provide exceptional educational content, so much so they earned the Best in Class rating for Education and Beginners again in 2024.

A fully regulated broker with a presence in Europe, South Africa, the Middle East, British Virgin Islands, Australia and Japan. AvaTrade deals with mainly forex and CFDs on stocks, commodities, indexes, forex and cryptocurrencies. This brokerage is headquartered in Dublin, Ireland and began offering its services in 2006. It offers multiple trading platforms and earns mainly through spreads.

Best For
  • Beginners
  • Advanced traders
  • Traders looking for a well-diversified portfolio
Pros
  • Controlled by regulatory agencies of multiple countries
  • Choice offered in terms of trading platforms
  • Support available in 14 languages and trading platforms in 20 languages
  • Practice/demo account available
  • Breadth of trading assets
  • Excellent educational resources
Cons
  • Does not accept customers from the U.S. as it isn’t regulated in the U.S.
  • Transferring funds to the account may take up to five days; withdrawals could take up to 10 days

AvaTrade offers traders a diverse range of assets that includes crypto. Plus, you can add to your portfolio with assets including more than 50 currency pairs, stocks and much more. You can use MT4 and automated trading software for copy trading, or you can try their proprietary trading platform. There are more than 90 indicators to try along with several charts. If you want to learn more there are educational tools, or you can try SharpTrader for more formal training.

Why We Picked It: AvaTrade offers a diverse range of copy trading options, user-friendly interface, transparency and security measures. Whether you are a beginner or an experienced trader, AvaTrade provides the tools and resources you need to succeed in copy trading.

13. Best for Businesses: ICONOMI

ICONOMI
Get started securely through ICONOMI’s website
More Details
Best For
Businesses Wanting Exposure to Cryptocurrency
N/A
1 Minute Review

You can get rich by investing in cryptocurrency. However, you can also lose your investment. Crypto assets are highly volatile, and the underlying blockchain technology is complex. Suppose you want to start trading cryptocurrencies like Bitcoin, Ethereum or Dogecoin. In that case, you need a beginner-friendly crypto exchange or trading platform to manage your digital assets better.

ICONOMI is your one-stop shop for crypto investment and management platforms. You can buy and sell leading cryptocurrencies, copy expertly curated Crypto Strategies or create your own Crypto Strategy. In the ICONOMI platform, seasoned strategists handle the daily management of your cryptocurrency portfolio. 

This saves time, minimizes investment risks, streamlines decision-making and enhances flexibility and personalization in crypto trading or investment. All you need is to deposit funds, find a suitable strategy based on your risk profile and invest. Benzinga reviews ICONOMI, spotlighting its key features, pricing, customer support and user experience to help you decide whether it’s the right platform to kickstart your investment journey.

Best For
  • Beginner crypto traders and investors looking for a user-friendly platform with expertly curated crypto strategies to guide their investment decisions
  • Experienced crypto traders and investors seeking to invest in a diversified portfolio of cryptocurrencies and blockchain assets without the complexities of managing multiple wallets and assets
  • Busy professionals and crypto enthusiasts with limited time for active crypto trading who prefer a convenient and automated approach to managing their digital assets
  • Experienced crypto traders and investors seeking to invest in a diversified portfolio of cryptocurrencies and blockchain assets without the complexities of managing multiple crypto wallets and assets Risk-averse investors seeking a carefully crafted investment strategy tailored to their risk tolerance, providing a more controlled approach to crypto investing
Pros
  • Powerful and beginner-friendly crypto investments platform with an intuitive interface for seamless navigation
  • Consolidates user’s digital assets in one place, saving time and reducing the hassle of managing multiple wallets and accounts
  • Offers a range of impressive features such as buy/sell price optimization, recurring buy/sell execution, portfolio rebalancing, algorithmic trading and automation
  • Facilitates diversified crypto trading and investment strategies for reduced risk and higher returns
  • Diversified copy trading strategies from experts mean little or no education is needed to get started.
  • Multiple exchange aggregations enhance liquidity and ensure investors receive competitive pricing for available crypto assets
  • Automated investment processes make it convenient for traders with limited time to manage their crypto investments actively
  • Robust security protocols and measures protect users against potential threats and vulnerabilities
  • Support diverse crypto assets, including major cryptocurrencies like Bitcoin and Ethereum, as well as meme coins like Dogecoin and decentralized finance (DeFi) tokens such as Uniswap
  • Round-the-clock trading availability and customer support
  • No subscription charges — open account for free
Cons
  • Some Crypto Strategists may charge high performance and copy fees
  • Advanced crypto traders seeking exposure to crypto assets with a high-risk-to-reward-ratio may find available Crypto Strategies unsuitable

ICONOMI is a unique crypto site that allows you to enter the crypto market at your own pace. For example, when you visit the site, it asks simple questions: do you want to trade crypto and automate your portfolio, or do you want to copy the strategy of a professional? 

You can look through all the features on the site or check out trading strategies that could benefit you. From there, you fund your account using a debit card, credit card or transfer from your bank account, and get to work on your portfolio. This platform works like a crypto broker in that you can set up everything on the site, but it strays away from a traditional crypto brokerage in offering unique options.

You can also earn money by sharing your strategy with other users or through referral bonuses. Business crypto accounts are available if your company is trading or if you are a financial planner or advisor. Pricing is clearly noted on the site. You can open a crypto brokerage account for free, start trading and enter the crypto market right away.

Why We Picked It: Given its diversified investment options, transparent and secure platform, access to professional management and cost-effective solutions, Iconomi provides businesses with the tools they need to succeed in today’s digital economy.

What Is a Crypto Broker?

A crypto broker is an individual or a company that assists clients in buying, selling and trading cryptocurrencies. They may offer advice on investment opportunities, help clients navigate different exchanges and execute trades on behalf of their clients. Crypto brokers play a key role in the cryptocurrency market as they help investors with expertise and guidance in navigating the complex and volatile market.

Pros and Cons of Cryptocurrency Brokers

It is important to consider the advantages and disadvantages of using a crypto broker to see if it fits with your financial objectives and risk tolerance.

Pros

Easy Access to Cryptocurrency Markets

Cryptocurrency brokers offer an easy-to-use platform for people without technical skills to handle complicated trading exchanges. They typically provide simplified services that make it simple for newcomers to buy, sell, and trade cryptocurrencies.

Support and Resources

Numerous cryptocurrency brokers provide educational materials and customer support to assist users in gaining a better understanding of the market and making informed choices. This support can be particularly beneficial for new investors who may not be familiar with the cryptocurrency environment.

Variety of Trading Options

Cryptocurrency brokers typically offer a variety of cryptocurrencies for trading, which helps investors diversify their portfolios. This allows users to take advantage of different opportunities in the changing crypto market.

Regulatory Oversight

Certain cryptocurrency brokers are overseen by financial authorities, adding a level of safety and security for investors. This regulation can help safeguard traders against fraud and ensure that brokers follow established standards of conduct.

Integrated Trading Tools

Various brokers provide trading tools that include charts, analytics, and automated trading options, which help investors examine market trends and carry out trades more effectively. These tools can improve the trading experience and may lead to better investment results.

Cons

Volatility

Cryptocurrency markets are known for their volatility, and brokers can subject their clients to significant price changes that may result in considerable losses. This unpredictability can pose a risk for trading, particularly for those who are inexperienced investors.

Lack of Regulation

A number of cryptocurrency brokers function in a mostly unregulated setting, which may result in investors lacking the protections offered by traditional financial institutions. This absence of regulation can potentially lead to problems like fraud or mismanagement of funds.

Security Risks

Cryptocurrency brokers may attract hackers and cyber attacks. If a broker’s platform is breached, users risk losing their investments to theft or hacks, and it can be very challenging to recover lost funds.

Complexity and Confusion

The cryptocurrency market is complex, featuring different asset types, trading strategies, and technical concepts. Brokers may not always offer sufficient education or support to their clients, which can result in confusion and poor investment choices.

High Fees

Several cryptocurrency brokers have high fees for trading, withdrawing funds, or other services. These expenses can diminish profits and may not be obvious to investors, thereby lowering the overall return on investment.

How to Choose the Best Broker Platform for Crypto Trading

Here are some key factors to consider when choosing a crypto broker:

Security

The security of your funds should be your top priority when choosing a crypto broker. Look for brokers that offer two-factor authentication, cold storage for funds and insurance against hacking or theft.

Reputation

Research the reputation of the broker by reading reviews, checking online forums and asking for recommendations from other traders. A reputable crypto broker will have a history of reliable service and transparent operations.

Fees

Consider the fees charged by the crypto broker for trading, withdrawals and deposits. Some brokers may offer lower fees but have hidden costs. Be sure to read the fine print and understand all fees associated with trading on the crypto platform.

User Interface

The user interface of the broker’s platform should be easy to navigate and user-friendly. Look for a crypto trading platform that offers advanced charting tools, real-time market data and order execution capabilities.

Customer Support

Choose a broker that offers excellent customer service with multiple channels of communication such as phone, email and live chat. It is important to have access to support in case you encounter any issues or have questions about your cryptocurrency trades.

Regulation

Ensure that the broker is regulated by a reputable financial authority. This protects your funds and ensure that the broker is operating within legal guidelines. Regulation provides an added layer of security for traders.

Asset Selection

Consider the range of cryptocurrencies offered by the broker. Some brokers may offer a wide selection of crypto coins, while others may only offer a limited number. Choose a broker that offers the cryptocurrencies you are interested in trading.

Are You Ready for the Future? 

The future of finance is pointing towards digital currency and blockchain technology, with cryptocurrencies becoming more widely accepted as a form of online payment. While they are currently volatile, they offer potential long-term investment opportunities and are gaining ground as powerful contenders in the financial landscape. It is recommended to start exploring the world of digital assets with a reputable cryptocurrency broker. The best crypto broker for you will depend on your trading style, preferences and level of experience. Take the time to research and compare different brokers to find the one that best suits your financial needs.

Frequently Asked Questions

Q

What is the role of a cryptocurrency broker?

1
What is the role of a cryptocurrency broker?
asked
A
1

A cryptocurrency broker serves as a middleman for buyers and sellers, helping them trade digital currencies and providing the tools and platforms needed for transactions. They typically offer services like market analysis, educational resources, and trading advice to assist investors in understanding the cryptocurrency market.

answered
Q

What broker is best for crypto?

1
What broker is best for crypto?
asked
A
1

Choosing the right broker for crypto can vary based on personal preferences, but well-known options are Coinbase due to its easy-to-use interface and Binance for its wide selection of cryptocurrencies and competitive fees. When selecting a broker for your crypto investments, it’s important to take into account aspects such as security, fees, the variety of available cryptocurrencies, and user experience.

answered
Q

Do crypto brokers need a license?

1
Do crypto brokers need a license?
asked
A
1

Cryptocurrency brokers usually require a license to operate legally, depending on their location. The licensing requirements can differ greatly among countries, affecting how brokers adhere to financial regulations.

answered

The post Best Cryptocurrency Brokers by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/10/08071244/crypto-broker.jpg Best REITs with Monthly Dividends https://www.benzinga.com/money/reits-with-monthly-dividends Sun, 21 Sep 2025 09:22:12 +0000 https://www.benzinga.com/?p=261126 The post Best REITs with Monthly Dividends by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

When it comes to passive income, consistency matters—and that’s where monthly dividend REITs shine. Unlike most REITs that pay quarterly, these investment trusts distribute earnings every month, providing investors with a steady cash flow similar to a paycheck. Monthly dividend REITs can be especially attractive for retirees, income-focused investors, or anyone looking to smooth out … Continued

The post Best REITs with Monthly Dividends by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post Best REITs with Monthly Dividends by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

When it comes to passive income, consistency matters—and that’s where monthly dividend REITs shine. Unlike most REITs that pay quarterly, these investment trusts distribute earnings every month, providing investors with a steady cash flow similar to a paycheck.

Monthly dividend REITs can be especially attractive for retirees, income-focused investors, or anyone looking to smooth out cash flow for budgeting purposes. By investing in these REITs, you can combine the growth potential of real estate with the reliability of regular income.

Top REITs That Pay Monthly Dividends

Want Real Time Gainers? Start a free 14 day trial
There have been no price changes in this timeframe.
Nov 15, 2026 2:39 am – Nov 15, 2026 2:39 am
Table of contents [Show]

Best REITs with Monthly Dividends

Here is a list of the best REITs with monthly dividends to find new investment strategies to diversify your portfolio and provide both short- and long-term growth.

1. AGNC Investment Corp. (NASDAQ: AGNC)

AGNC Investment (NASDAQ:AGNC)

8.213

-0.0169 [-0.21%]
Buy Sell Trade Now
Compare Brokers
8.04 – 8.29
8.19 – 12.19
8.28
1.27B
30.56M/29.26M
10.46B
1.27B
1.44/0.1757%
7200.000
1.27B

Formerly known as American Capital Agency Corporation, AGNC offers high-quality mortgage-backed securities. These securities can be pass-through securities and a government agency sponsors and guarantees these securities, including the Federal Home Loan Mortgage Corporation, also known as Freddie Mac. As of September 2025, it paid a monthly dividend of $0.12 per share to shareholders, which comes out to a total annual yield of 14.43%.

2. Realty Income Corp. (NYSE: O)

Realty Income (NYSE:O)

58.820

0 [0%]
Buy Sell Trade Now
Compare Brokers
58.78 – 59.4677
53.15 – 67.935
59.35
932.49M
5.80M/7.35M
54.85B
932.49M
3.288/0.0555%
222.260
817.70M

With a commercial property focus and 5,000 big-name tenants like CVS and 7-Eleven, Realty Income has been offering stable real estate options since 1969. The trust focuses on long-term growth potential and favors debt or stock issues instead of mortgages on these commercial properties.

Investors received a dividend of $0.27 per share per month as of September 2025, with the dividend yield coming to 5.6%.

3. Apple Hospitality REIT Inc. (NYSE: APLE)

Apple Hospitality REIT (NYSE:APLE)

19.460

0 [0%]
Buy Sell Trade Now
Compare Brokers
19.255 – 19.64
11.315 – 20.25
19.43
235.66M
1.58M/2.56M
4.59B
235.66M
0.96/0.0493%
121.520
145.96M

Get invested in upscale hotels with Apple Hospitality while also being a part of one of the top REITs with monthly dividends. With 220 properties in urban, suburban and developing markets, the trust offers a monthly dividend of $0.08 per share as of August 2025. That’s a total dividend yield of 7.58%.

4. Chatham Lodging Trust (NYSE: CLDT)

Chatham Lodging Trust (NYSE:CLDT)

16.260

0 [0%]
Buy Sell Trade Now
Compare Brokers
15.6621 – 16.28
6.38 – 16.6092
16.21
46.57M
37.75K/37.37K
757.25M
46.57M
0.4/0.0247%
243.750
40.65M

With 40 premium hotel brands and locations across 15 states, Chatham Lodging Trust offers access to the hospitality industry. Its strategy is to place hotels in areas of high demand but with low supply. The trust doesn’t just own hotels, it aids in the strategy involved in operating them, including revitalization, rebranding and even redevelopment. Shareholders earn $0.09 per share monthly with an annual dividend yield of 4.5%.

5. EPR Properties (NYSE: EPR)

EPR Properties (NYSE:EPR)

58.760

-1.39 [-2.31%]
Buy Sell Trade Now
Compare Brokers
58.05 – 60.18
48.36 – 64.97
59.3
76.65M
1.80M/89.36K
4.50B
76.65M
3.72/0.0632%
102.680
55.08M

Focusing on experiential real estate, EPR Properties is another monthly dividend REIT. This group of properties includes everything from waterparks to movie theaters. The company aims to find businesses that meet its five-star criteria and have a market-dominant position to deliver the best return on investment.

  • Value
  • Opportunity
  • Execution
  • Economics
  • Position

Its monthly dividends as of August 2025 were $0.29 per share for a total annual dividend yield of 6.08%.

6. LTC Properties Inc. (NYSE: LTC)

LTC Properties (NYSE:LTC)

43.280

0 [0%]
Buy Sell Trade Now
Compare Brokers
43.18 – 44.0939
33.6394 – 46.92
44.06
45.89M
48.84K/62.74K
1.99B
45.89M
2.28/0.0521%
23.050
30.70M

LTC Properties oversees over 200 senior housing and long-term care facilities in 25 states. Its properties include memory care, skilled nursing, and assisted living facilities. To select the best places to invest its capital, LTC Properties looks for experienced operators, favorable regulations in the area, nice buildings, and defensible market positions.

LTC has been in business since 1992 and makes money from leasing properties and mortgage loans. Its monthly dividend is $0.19 for an annual dividend yield of 6.36%.

7. Stag Industrial Inc. (NYSE: STAG)

Stag Industrial (NYSE:STAG)

36.850

-0.12 [-0.32%]
Buy Sell Trade Now
Compare Brokers
36.89 – 37.3
35.14 – 42.61
37.3
192.82M
60.42K/1.51M
7.11B
192.82M
1.55/0.0419%
108.870
144.76M

Single-tenant industrial properties are Stag Industrial’s specialty. Some examples of commercial properties it invests in include warehouses, office buildings, distribution centers and manufacturing plants.

Stag invests in properties that are outdated or unfavorable in some way and then improves them to earn increased lease fees. The only catch to the business is that its properties are all within a similar industry and rely on retail and manufacturing to remain strong.

The shares pay $0.12 monthly dividend for an annual dividend yield of 4.18%.

8. ARMOUR Residential REIT Inc. (NYSE: ARR)

ARMOUR Residential REIT (NYSE:ARR)

11.990

0.06 [0.5%]
Buy Sell Trade Now
Compare Brokers
11.58 – 12.03
11.83 – 19.31
12
141.55M
4.57M/4.33M
1.70B
141.55M
2.88/0.2422%
5760.000
128.42M

Invest in residential mortgage-backed securities with ARMOUR Residential REIT. You’ll get one of the highest-paying REITs at a rate of 19.53%. The REIT was incorporated in 2008, making it an older organization that has proven its strengths for many years. Its monthly dividend is $0.24 per share.

9. Choice Properties REIT (OTCMRKTS: PPRQF)

CHOICE PPTYS REIT UNIT by Choice Properties Real Estate Invt Trust (OTC:PPRQF)

0.000

[%]
Buy Sell Trade Now
Compare Brokers
10.756 – 10.86
10.23 – 11.81
10.79
0.00K
42.52K/69.87K
0.00K
0.00K
/0%
0.000
0.00K

This Canadian REIT allows you to invest in 700 diverse properties in the country. Investing in other countries can provide additional benefits when diversifying your portfolio. The properties vary from offices to retail and even multi-family properties. However, more than 500 of the properties are leased to tenant Loblaw, which is a large Canadian retailer.

As of September 2025, the monthly dividend was C$0.06 per share for an annual dividend yield of 5.16%.

10. Dream Industrial Real Estate Invest Trust (OTCMRKTS: DREUF)

DREAM INDSL RE INV TR by Dream Industrial Real Estate Investment Trust (OTC:DREUF)

0.000

[%]
Buy Sell Trade Now
Compare Brokers
–
8.28 – 10.76
0.00K
91.10K/10.53K
0.00K
0.00K
/0%
0.000
0.00K

Dream Industrial is another Canadian REIT. But it is a bit more focused than Choice Properties and has more diversity with its tenants unlike Choice, which focuses its tenants in one grocery store chain. It focuses in multi-tenant and single-tenant properties with more than 336 industrial properties. The trust does have some U.S. operations.

As of August 2024, the monthly dividend was C$0.06 per share for an annual dividend yield of 5.13%.

11. Ellington Residential Mortgage REIT (NYSE: EARN)

Ellington Credit (NYSE:EARN)

3.200

-0.05 [-1.54%]
Buy Sell Trade Now
Compare Brokers
3.1001 – 3.295
3.13 – 5.72
3.21
37.57M
42.99K/41.12K
120.23M
37.57M
0.96/0.2991%
0.000
37.06M

As the name suggests, you’ll be investing in residential mortgages as well as real estate assets. The U.S. government backs or sponsors the mortgages. The Old Greenwich, Connecticut-based business is a small-cap company.

Ellington Residential Mortgage offers a monthly dividend of $0.08 per share for a total annual dividend yield of 16.75%.

What are REITs With Monthly Dividends?

A real estate investment trust is a company that owns real estate investments. The real estate might vary from commercial use for shopping malls to residential use in the case of new home builders or apartment managers.

REITs offer an average investor the opportunity to invest in real estate without the risks or high-ticket expenses of purchasing properties. And you’ll get payouts from the land’s proceeds in the form of dividends.

While you’ll want to buy stable, smart investments that will appreciate with time, you should also be focused on how much the investment pays in dividends. Combining the two benefits will help you decide the strongest places to put your money to help it grow.

High-yield investments often involve greater risk because these investments face greater default and economic risks. So while you’ll see stronger dividends, you should also realize that these REITs can come with some risk.

Why Do Some REITs Distribute Dividends Monthly?

Like stocks, REITs often distribute dividends quarterly, though you can find some that pay out monthly. Cash flow, financial performance, and agreements with shareholders are all factors that determine how and when the REIT will pay dividends.

Offering dividends helps make the investment more attractive, ensuring others will place their trust in the REIT and help sustain it.

Where to Invest in REITs With Monthly Dividends

Start investing in high-yield monthly dividend REITs using these platforms and resources.

Interactive Brokers
get started securely through Interactive Brokers’s website
More Details
Best For
Active and Global Traders
N/A
1 Minute Review

Interactive Brokers (IBKR) is a powerhouse in online trading, offering an extensive range of investment options, including stocks, options, futures, forex, bonds and more. It’s well-known for its low-cost trading, advanced tools and global market access, making it a top choice for professional and active traders. The platform also offers a mobile app, detailed research tools and educational resources, catering to seasoned investors and those looking to expand their trading expertise. With its steep learning curve and complex interface, IBKR might not be the best fit for absolute beginners.

Best For
  • Professionals and active traders
  • Global market access
  • Low-cost trading
Pros
  • Extensive range of assets
  • Low trading fees and commissions
  • Advanced trading tools and analytics
Cons
  • Complex interface for beginners
  • Steep learning curve
Webull
get started securely through Webull’s website
More Details
Best For
Active Traders
N/A
1 Minute Review

Webull is a commission-free trading platform designed with both beginner and advanced investors in mind. Offering an extensive range of assets like stocks, ETFs, and futures, Webull makes it easy for users to manage their investments through a highly intuitive interface. With educational resources, paper trading options, and no minimum account balance required, Webull caters to those looking to start investing without high upfront costs. The platform’s mobile app ensures that users can trade anytime, anywhere, making it a flexible choice for those with busy lifestyles. Webull’s customer service options are limited, and the platform may feel overwhelming to those completely new to investing.

Best For
  • Commission-free trading
  • Mobile and desktop trading
  • Beginners and experienced traders alike
Pros
  • No commissions on trades
  • Extensive range of tradable assets
  • Easy-to-use mobile app
Cons
  • Limited customer service options
  • Learning curve for complete beginners

Receive Stable, Monthly Income from REIT Dividends

While finding REITs that offer monthly dividends instead of quarterly is somewhat challenging, it is certainly not impossible. And when you do find and invest in these trusts, you’ll receive stable, monthly dividends that can grow your portfolio or offer passive income.

Frequently Asked Questions

Q

What REITs pay a monthly dividend?

1
What REITs pay a monthly dividend?
asked
A
1
Some REITs that pay monthly dividends include Realty Income (O), STAG Industrial (STAG), EPR Properties (EPR), and LTC Properties (LTC).
answered
Q

Are dividends from REITs paid monthly?

1
Are dividends from REITs paid monthly?
asked
A
1
Most REITs pay dividends quarterly, but a select few—like Realty Income and STAG Industrial—pay monthly to provide investors with more frequent income.
answered
Q

How can I make $1000 a month in dividends?

1
How can I make $1000 a month in dividends?
asked
A
1

To make $1,000 a month in dividends, you need to invest enough in dividend-paying stocks or REITs so that your portfolio generates $12,000 annually. For example, with an average 4% dividend yield, you’d need about $300,000 invested. The exact amount depends on the yields of the investments you choose.

answered

The post Best REITs with Monthly Dividends by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/07/23172950/Untitled-design-100.jpg How to Invest in Comics https://www.benzinga.com/money/how-to-invest-in-comics Mon, 27 Jan 2025 14:21:51 +0000 https://www.benzinga.com/?p=259625 The post How to Invest in Comics by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Investing in comics is a unique and exciting way to combine a passion for storytelling and art with the potential for financial returns. Comics, especially vintage or rare editions, have become a sought-after asset class due to their cultural significance, historical value, and growing collector demand. From Golden Age classics to modern-day limited editions, the … Continued

The post How to Invest in Comics by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post How to Invest in Comics by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Investing in comics is a unique and exciting way to combine a passion for storytelling and art with the potential for financial returns. Comics, especially vintage or rare editions, have become a sought-after asset class due to their cultural significance, historical value, and growing collector demand. From Golden Age classics to modern-day limited editions, the comic book market offers diverse opportunities for both novice and experienced investors.

While investing in comics requires careful research and an understanding of market trends, it can provide substantial returns over time, particularly for high-grade, key issues featuring iconic characters or creators. Whether you’re looking to build a collection or diversify your portfolio, comic investing can be both rewarding and enjoyable. Continue reading to learn how to invest in comics.

Table of contents [Show]

Is it a Good Idea to Invest in Comics?

As an alternative asset, comic books can diversify your investment portfolio. Consider which comic books may increase in value over time. Generally, the rarest comics may experience a spike in their value, although other niche or specific comics can increase in value.

Comic books are objectively valuable, graded, and traded on professional exchanges like other industries. A 50th anniversary Amazing Spider-Man comic with a 9.8 grade last sold for $1 million. As some comics are worth thousands of dollars or more, consider whether you need insurance for your comic book collection to protect this asset class.

How to Invest in Comics?

If you’re ready to invest in comics, the same basic principles apply to these investments as to other investment products. You’ll need to understand the market to recognize trends and opportunities, set a budget, and diversify your investments. Here are the steps to invest in comics this year.

1. Research and Educate Yourself

Familiarize yourself with the comic book market, industry trends, popular characters like Superman and Batman, key issues, and notable creators. Understanding the grading system used to assess the condition of comics and their value is essential, as grades can have a huge impact on comic book value.

2. Set a Budget

Determine how much money you’re willing to invest in comics. Establishing a budget you can comfortably allocate toward purchasing and storing your comic book collection is important. When allocating a comic book investment budget, consider other investment products, total savings, and other investment goals. Remember that all investments come with risk, and strong diversification across asset classes can help hedge against risk.

3. Decide on Your Investment Strategy

Consider whether you want to focus on buying key issues of popular characters, first appearances, limited editions, or signed comics. Each strategy has its own potential for returns and risks. You can choose to invest in individual issues or entire comic book story arcs or series.

Also, consider whether you want to invest in comics with a buy-and-hold strategy or if you plan to buy and resell comics for short-term returns. Keep in mind that comic books typically appreciate significantly in the long term, so most investors choose to buy and hold for a decade or more.

4. Purchase Comics

Start acquiring comics that align with your investment strategy. Check databases, speak with other investors, and research purchase options. You can buy comics from comic book stores, online marketplaces, conventions, or private sellers. Be cautious of counterfeit or low-quality comics, especially if you’re buying online.

When considering authenticity, look for graded comics and consider whether signatures are valid. There are witnessed signature services, such as those from Certified Guaranty Company (CGC), which authenticate signatures and validity of comic books at signing and provide a list of authenticated signatures.

Likewise, Comic Book Certification Service (CBCS), with its parent company Beckett Media, offers a signature validation service to determine the validity of an authentic signature and potentially increase a comic’s value.

5. Check Condition and Grading

Pay attention to the condition of the comics you’re purchasing. High-grade comics in excellent condition tend to command higher prices. Consider having your comics professionally graded by a reputable third-party grading service, such as the CGC or the CBCS. Graded comics often carry a premium and assure potential buyers of their condition.

6. Diversify Your Collection

Avoid focusing on a single character or series. Diversify your collection to minimize risks. Invest in comics from different publishers, genres, and eras. This approach helps ensure that the success of your investments is not tied solely to the popularity of a particular character or franchise.

7. Preserve and Store Your Comics

Properly preserve and store your comics to maintain their condition and value. Use acid-free bags and boards to protect them from moisture, light, and other environmental factors. Consider investing in comic book storage boxes or archival sleeves to keep your collection stay organized and safe.

8. Stay Updated With the Market

Stay informed about market trends, new releases, and collector demand. Follow industry news, join comic book forums, and connect with other collectors and investors. Monitoring the market helps you make informed decisions about buying, selling, or holding onto your comics.

9. Sell Your Comics

When you’re ready to sell your comics, consider various options such as auction houses, comic book conventions, online marketplaces, or comic book stores. Research current market prices and trends to determine a fair asking price for your comics.

Best Comics to Invest In

Each investor must choose their own strategy to determine the best comic books to invest in, as there are thousands of comics to choose from. Consider whether you want to focus first on one character or series or consider first appearances and final issues, fantastic covers, signed comics, or comics optioned film and television storylines.

Consider your investment budget and diversification plan, as some single comics can cost many thousands of dollars, while others might cost less than $100. Keep in mind that the value for each of these will depend on the grade. Look for Raw High Grade to maximize value. Here are some great comics popular with investors right now.

  • Amazing Spider-Man #300
  • Ultimate Fallout #4
  • Batman Beyond (Limited) #1
  • Conan the Barbarian #1
  • Thor #337

Advantages of Investing in Comic Books

Investing in comic books has a lot of advantages, from investing in products you’re passionate about to significant growth in value over time. They can be part of a diversified investment portfolio. Key advantages include:

  • Investment in a tangible asset
  • Pop culture appeal
  • Potential for significant appreciation with time
  • Strong alternative asset performance
  • Personal satisfaction; it’s fun

Downsides of Comics Investment

Like any investment class, comic book investments aren’t without risks. You could invest in a comic that loses value or purchase a counterfeit product. Weigh the risks and downsides of comic book investing before you begin. These include:

  • High market volatility as investor sentiment or popular culture shifts
  • A niche market, which limits resale opportunities
  • Must be properly preserved so as not to lose value
  • Risk of purchasing counterfeit products or comics with inauthentic signatures

Should You Invest in Comics?

If you’re wondering, “Should I invest in comics?” The answer for some investors is yes. Weigh the risks and returns, do your research, and gain an understanding of the comic book market. Look at books on how to invest in comics or speak to experts before major investments until you’re familiar with the market. With research and a long-term strategy, comic books can be a lucrative alternative asset for your investment portfolio.

Learn more about how to invest in alternative asset classes and stock research tools for your diversified investment portfolio and consider other alternative investments.

Frequently Asked Questions

Q

Is comics a good investment?

1
Is comics a good investment?
asked
A
1

Yes, comics can be a good investment, especially rare, high-grade, and historically significant issues. Key factors like cultural relevance, scarcity, and demand drive their value. Iconic editions, such as first appearances of popular characters, often appreciate over time. However, the market can be volatile, requiring research, proper grading, and storage to maximize returns.

answered
Q

Are comic books still profitable?

1
Are comic books still profitable?
asked
A
1

The answer to this question is a resounding yes but with certain caveats. While sales of print comics have seen a decline in some markets, the rise of digital comics has opened up new revenue streams for publishers and creators. Additionally, the popularity of comic book adaptations in movies and TV shows has helped fuel interest in the source material, leading to increased sales and licensing opportunities.

answered
Q

Can I make money from comics?

1
Can I make money from comics?
asked
A
1

Yes, with research and diversification, you can make money by investing in comics. Some entrepreneurs and artists also sell their own comics and related merchandise to make money. 

answered

The post How to Invest in Comics by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/07/17113002/Health-Savings-Account-4.jpg What Determines the Price of Bitcoin? https://www.benzinga.com/money/what-determines-the-price-of-bitcoin Mon, 02 Dec 2024 15:51:56 +0000 https://www.benzinga.com/?p=98258 The post What Determines the Price of Bitcoin? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

The price of Bitcoin is determined by supply and demand, rising when demand is high and falling when demand is low. Bitcoin is a volatile investment, often fluctuating double-digit percentage points each week. Even though Bitcoin –– and other digital assets –– are volatile, cryptocurrencies have outperformed almost any other asset class. Just over a … Continued

The post What Determines the Price of Bitcoin? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post What Determines the Price of Bitcoin? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

The price of Bitcoin is determined by supply and demand, rising when demand is high and falling when demand is low.

Bitcoin is a volatile investment, often fluctuating double-digit percentage points each week. Even though Bitcoin –– and other digital assets –– are volatile, cryptocurrencies have outperformed almost any other asset class. Just over a decade ago, Bitcoin traded for less than $1. In 2021, Bitcoin surpassed $65,000 and investors are bullish on the asset class heading into 2025.

Table of contents [Show]

Determining Factors of Bitcoin’s Price

Like gold and silver, Bitcoin is a commodity. A commodity is a basic good that is interchangeable with goods of the same type. 

Some commodities, like agricultural products, have value because they are used as inputs for other goods or customers can consume them.

Other commodities, like gold and silver, have value because they are scarce and people give them value. So how is Bitcoin price determined? Its value is derived in a similar way as precious metals: based on scarcity and high demand.

And unlike a publicly traded company, Bitcoin is not governed by a central entity. It has no balance sheet, profits or revenues, which are commonly used to determine a stock’s price. Since Bitcoin doesn’t operate like a company, the price is widely determined by market demand for the asset, leading it to be more volatile than stocks and other traditional investments.

Supply and demand determine the value of Bitcoin. Its supply is regulated by algorithms on its blockchain — about 6.25 Bitcoin are minted every 10 minutes. As of now, there are about 19 million Bitcoin in circulation, and the maximum supply of Bitcoin is capped at 21 million.

Market Supply 

The market supply of Bitcoin is determined by how much Bitcoin is for sale on the market. Sellers can choose the price they want to sell Bitcoin at, so the number of buyers has to be greater than the number of sellers at any given price for Bitcoin’s price to increase. 

Bitcoin’s value is also impacted by losses. According to the cryptocurrency data firm Chainalysis, about 20% of all Bitcoin (around 3.7 million) have been lost. This number is determined by Bitcoin stored in a cryptocurrency wallet that hasn’t had any interaction in the last 5 years.

Market Demand 

The market demand is determined by how many buyers there are for Bitcoin at any given time. As buyers purchase Bitcoin, they drive the price of the commodity up. Once sell orders at a certain price are bought up, the price increases to the next lowest sell order price. 

Many factors drive up Bitcoin’s demand. Here’s a list of some of the most important factors.

  • Inflation of fiat currency: If a country’s currency is suffering from inflation, more people demand Bitcoin. Bitcoin is less likely to depreciate in value than a currency suffering from inflation.
  • The media: The media plays a large role in stimulating market demand for Bitcoin and what determines Bitcoin’s value. As Bitcoin’s price rises, more media outlets give the commodity coverage, and market demand for Bitcoin rises.
  • Regulation: Government regulation can impact market demand positively or negatively. Regulation makes cryptocurrencies more safe and accessible. However, these regulations may deter some investors from buying Bitcoin in the short term because of increased taxes and more transparent consumer identification.
  • Politics: Bitcoin’s price often rises when the government becomes more unstable. Because the U.S. government controls the dollar, fewer people trust fiat currency when the government is unstable, resulting in an increase in demand for Bitcoin.

Bitcoin Miners

Bitcoin miners affect the market supply of Bitcoin in a unique way. Miners secure Bitcoin’s network with computational power, and they are paid in transaction fees and block rewards. 

The block reward is the amount of Bitcoin rewarded for completing a block on the blockchain, which is currently 6.25 Bitcoin per block. These rewards are newly minted Bitcoin, and the reward halves every 4 years during what’s called the Bitcoin halvening. Bitcoin is set to halve its block reward in 2025. 

As you evaluate how is Bitcoin’s price is determined, you’ll see miners play a role. Bitcoin miners hold Bitcoin, but many large operations sell Bitcoin once they receive block rewards. Miners sell Bitcoin to lock in profits because of Bitcoin’s volatility. Selling newly minted Bitcoin drives the price down.

Electricity Costs

Another key factor in what drives the price of Bitcoin is the cost of electricity because miners use large amounts of electricity. If the price of electricity is low, then miners can profit more from Bitcoin, meaning that they are more likely to sell Bitcoin for profit. If the price of electricity exceeds the price at which miners can sell for a profit, they’re better off not mining at all. 

Competition From Other Cryptocurrencies

Cryptocurrency exchanges commonly have altcoin-Bitcoin pairs. Altcoins are any cryptocurrency other than Bitcoin. Because exchanges allow you to trade against Bitcoin, people often directly buy other cryptocurrencies using Bitcoin. To do this, they sell Bitcoin, driving up supply and lowering the price.

Current Bitcoin Price

While Bitcoin had a phenomenal run in 2021, bearish macroeconomic conditions have put downward pressure on Bitcoin’s price for the first half of 2022. Heading into the second half of 2022, many investors are still bullish on Bitcoin and the asset class as a whole. Take a look at the most up-to-date Bitcoin price to better understand what determines Bitcoin price.

Bitcoin
0.00
Buy Bitcoin

JOIN THE MOON OR BUST EMAIL LIST

Our team is diligently working to keep up with trends in the crypto markets. Keep up to date on the latest news and up-and-coming coins.

MOON
BUST
856 votes

Who Changes the Price of Bitcoin

No one person can change the price of Bitcoin significantly –– except maybe Elon Musk or Michael Saylor. The aggregate amount of buy and sell orders from all the crypto investors in the market is what changes the price of Bitcoin. Some players in the crypto sector have more impact on Bitcoin’s price than others. 

Whales –– people who own huge amounts of Bitcoin –– can push prices up and down if they place large buy or sell orders. Data from Bitinfo affirms that very few crypto wallets hold most of the Bitcoin in existence: 99.5% of Bitcoin wallets hold a balance of less than 1 Bitcoin. Some people claim that whales manipulate the price of Bitcoin, but this information is hard to confirm. 

Satoshi Nakamoto, the anonymous creator of Bitcoin, owns 1 million Bitcoin and could potentially change the price of Bitcoin if it were sold. But this is an unlikely scenario, as the action would expose identity if that sale took place.

Bitcoin Crashes

Since it doesn’t have balance sheets, profits or revenues, it’s hard to give Bitcoin intrinsic value. Bitcoin’s price is mostly speculative and highly volatile. It’s not uncommon for Bitcoin’s price to drop 80% to 90% in bear markets before returning back past its all-time highs. There are also short-term price crashes during bull markets, but these usually don’t surpass a 40% dip and typically recover shortly thereafter.

Best Bitcoin Exchanges

An investment in Bitcoin can be an exciting way to diversify your portfolio. To invest in Bitcoin, you need to sign up for an account with a cryptocurrency brokerage. There are many great options for crypto brokerages, such as Gemini, Coinbase, eToro and Kraken.

Take a look at Benzinga’s top picks for Bitcoin exchanges.

Gemini Crypto
get started securely through Gemini Crypto’s website
More Details
Best For
New Investors
N/A
1 Minute Review

Gemini Trust Company LLC is a cryptocurrency exchange that supports trading in over 70 assets. While its selection of cryptocurrencies is limited compared to some competitors, Gemini excels in account security and regulatory compliance. The platform offers additional features such as a cryptocurrency rewards credit card, a built-in hot wallet, and the ability to pay crypto at various retailers. These tools and services make Gemini a robust choice for both new and experienced traders seeking a secure trading environment.

Best For
  • Beginner-friendly platform offering handsome educational resources.
  • Strong security features, including staking options.
Pros
  • Gemini operates as a fully regulated cryptocurrency exchange.
  • It accepts clients from the U.S.
  • The platform employs stringent cybersecurity measures to protect users’ funds.
  • Gemini is well-capitalized and adheres to banking regulations.
Cons
  • Gemini is available in 60 countries, including the United States, the United Kingdom, Canada, Australia, Hong Kong, Singapore and South Korea.
  • It offers fewer crypto assets to trade, with just over 70 available.
Plus500
Get Started securely through Plus500’s website
More Details
Disclosure: 81% of accounts lose money
Best For
Crypto Futures
N/A
1 Minute Review

Plus500 is a multiasset platform that allows you to trade in everything from crypto and CFDs or forex to future, options and more. You can build a crypto portfolio, learn about each token and grow your holdings all in one place. Please note that USDT is not available on Plus500.

Best For
  • Crypto CFDs
  • Multiasset trading
  • Easy to build a portfolio
Pros
  • Quality web-based application
  • Quality information on all assets
  • Fast execution
  • Plus500 offers three platforms: Plus500 Futures, Plus500 Invest and Plus500 CFD.
Cons
  • Not all tokens you prefer may be available
  • Keep in mind that futures are available to U.S. residents while CFDs are not available for U.S. residents.
Binance
get started securely through Binance’s website
Coinbase
earn free crypto securely through Coinbase’s website
More Details
Disclosure: Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards. ³Crypto rewards is an optional Coinbase offer. Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and can vary by region. Customers will be able to see the latest applicable rates directly within their accounts.
Best For
Active Crypto Traders
N/A
1 Minute Review

Coinbase is one of the largest cryptocurrency exchanges by trading volume, serving customers in over 100 countries and supporting hundreds of crypto coins and tokens. The platform features a user-friendly interface with options like staking and earning, as well as a “learn and earn” feature where users watch educational videos and answer questions to earn crypto assets. Trading fees can be high on the basic platform, but users can access the advanced platform for free.

Best For
  • Coinbase is best for beginners because of its user-friendly interface.
  • The availability of over 30 products caters to the needs of traders of every mindset.
Pros
  • Coinbase offers a learn and earn program.
  • You can earn coins and tokens by watching tutorials and answering crypto-related questions. This platform lets you earn crypto just by spending your fiat via a debit card as you normally would when you use Coinbase’s Visa debit card.
  • Offer a wide variety of altcoins.
  • Ideal for new investors.
Cons
  • Complicated fee structure
  • Does not support margin trading (only 3x on Pro version)
Robinhood
get started securely through Robinhood’s website
More Details
Best For
Buying & selling Dogecoin
N/A
1 Minute Review

Robinhood is the broker for traders who want a simple, easy-to-understand layout without all the bells and whistles other brokers offer. Though its trading options and account types are limited, even an absolute beginner can quickly master Robinhood’s intuitive and streamlined platform. On the other hand, more advanced traders might be frustrated by Robinhood’s lack of technical analysis tools, a feature that’s now nearly universal across other platforms.

Best For
  • Fee-free trading
  • Beginner crypto investors
  • Doge day traders
Pros
  • Commision-free trading
  • Access to Dogecoin
Cons
  • Limited altcoin selection
  • No wallet capabilities

Why is Bitcoin Valuable?

Bitcoin has value because people value it. The U.S. dollar, gold and silver are similar –– they aren’t backed by anything except people’s trust that these assets will hold, and hopefully increase, in value. 

Bitcoin can be considered a superior store of value in many ways. It doesn’t take up physical space, so it’s easier and cheaper to store than precious metals or fiat currency. Bitcoin can be sent around the world securely. 

Bitcoin is also the first commodity to have a finite amount in circulation. While precious metals are scarce, people can mine for more. With a limited supply that will increase demand, it’s not unreasonable to predict that Bitcoin could replace gold as a universal store of value in the future.

Frequently Asked Questions

Q

Why do bitcoins have value?

1
Why do bitcoins have value?
asked
A
1

Bitcoin is valued because people attribute value to it, and its scarcity—capped at 21 million—makes it a potential replacement for gold as a store of value. It is more convenient to store and transfer than precious metals, which incur higher storage costs and can be mined infinitely, while Bitcoin’s supply is fixed.

answered
Q

How are bitcoins created?

1
How are bitcoins created?
asked
A
1

Bitcoins are created through mining, where miners are rewarded with 6.25 bitcoins approximately every 10 minutes. This reward halves every four years, with the next halving expected in 2025. All bitcoins will be mined by 2140, after which miners will only earn from transaction fees.

answered
Q

What is Bitcoins current all time high?

1
What is Bitcoins current all time high?
asked
A
1

Bitcoins current all time high happened in November of 2021 when the token hit a price of $68,990.90.

answered

The post What Determines the Price of Bitcoin? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2022/12/14072655/what-determines-the-price-of-bitcoin.jpg Best Apartment REITs https://www.benzinga.com/money/apartment-reits Thu, 24 Oct 2024 14:08:45 +0000 https://www.benzinga.com/?p=261149 The post Best Apartment REITs by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Apartment REITs offer exposure to residential real estate through professionally managed portfolios of rental properties. By investing in them, investors can benefit from the steady rental income generated by these properties as well as potential appreciation in property values over time. Apartment REITs also offer liquidity and flexibility, as investors can easily buy and sell … Continued

The post Best Apartment REITs by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post Best Apartment REITs by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Apartment REITs offer exposure to residential real estate through professionally managed portfolios of rental properties. By investing in them, investors can benefit from the steady rental income generated by these properties as well as potential appreciation in property values over time.

Apartment REITs also offer liquidity and flexibility, as investors can easily buy and sell shares on the stock exchange, unlike physical real estate properties that require time and effort to transact. Continue reading to learn about the six best apartment REITs to invest in.

Table of contents [Show]

What are Apartment REITs?

Apartment real estate investment trusts (REITs) are a type of real estate investment focused on residential properties, specifically multi-family apartment buildings. These REITs pool capital from individual investors to purchase, manage, operate, and sometimes develop a portfolio of apartment complexes.

By investing in apartment REITs, individuals can gain exposure to the real estate market without having to directly own and manage properties themselves. These REITs tend to provide consistent returns due to the ongoing demand for housing, especially in urban areas. Investors can also benefit from rental rate increases during periods of high demand.

What are the Average Returns on Apartment REITs?

The average returns on apartment REITs can vary depending on market conditions and other factors. Historically, these REITs have offered competitive returns compared to other real estate investment options.

Data from NARIET shows that, as of September 2024, residential REITs’ year-to-date returns stood at 17.74%, while the total return for 2023 was 7.66%

6 Best Apartment REITs

As you evaluate whether these investments fit in with your portfolio and strategy, take a look at these apartment REITs.

1. Camden Property Trust (NYSE: CPT)

The trust holds many properties that are mixed-use where the first floor features retail or office space. That way, those living there can enjoy having shops and restaurants close by for optimal convenience, which can increase the likelihood that they’ll stay tenants and the units will have high occupancy rates.

With a $12.86 billion market cap and a dividend yield of 3.42%, it’s a solid investment option.

2. Mid-America Apartment Communities Inc. (NYSE: MAA)

You’ll find a diverse real estate portfolio of nearly 300 properties as you evaluate Mid-America Apartment Communities. That means strong positioning for long-term growth. The company doesn’t just build new apartments, it’s also purchasing and remodeling units designed for middle-income residents.

The market cap is $18.27 billion and has provided an a dividend yield of 3.76%.

3. Equity Residential (NYSE: EQR)

With an annual revenue of more than $734 million, Equity Residential offers a sound investment. Its primary focus is high-end apartments in major cities, including New York City, Boston, Washington, D.C. and Los Angeles.

Across its 305 properties, it owns more than 78,000 units. Its dividend yield is 3.56% and has a market cap of $28.76 billion.

4. Essex Property Trust Inc. (NYSE: ESS)

To invest in multifamily properties along the West Coast, consider Essex Property Trust. It acquires and manages properties along the West Coast and has a solid history of strong dividends.

The West Coast is a desirable area for real estate. Essex makes its properties especially attractive to renters by offering flexible leases where the tenants can move in when they want and stay for any amount of time.

ESS offers a dividend yield of 3.27% with a market cap of $19.26 billion.

5. AvalonBay Communities Inc. (NYSE: AVB)

AvalonBay acquires and redevelops multifamily properties in desirable U.S. markets. The REIT has been offering consistent dividend returns, making it an attractive investment. Its current dividend yield is 2.96% and has a market cap of $32.75 billion.

6. NexPoint Residential Trust Inc. (NYSE: NXRT)

With 14,500 multifamily properties, NexPoint Residential could offer strong returns on your investment. Its properties are mostly focused in the southeastern part of the U.S. One reason why NexPoint apartments are attractive to tenants is because they offer lifestyle amenities to attract lower- or middle-income renters.

The REIT has been growing over the last several years, offering a stable, reliable investment. The dividend yield is 4.17%.

Where to Invest in Apartment REITs

Ready to start investing in the largest apartment REITs? Review these places to get started.

Arrived
Get Started securely through Arrived’s website
More Details
Best For
$100 Minimum Investment
N/A
1 Minute Review

Arrived is a real estate investment platform that allows individuals to invest in rental properties with low capital. Founded in 2019 and backed by notable investors, Arrived enables fractional ownership of single-family rental homes, making real estate investing more accessible. With a fully managed approach, investors earn passive income without the responsibilities of property management. This review explores Arrived’s investment process, returns, fees, and overall suitability for different types of investors.

Best For
  • Small- to medium-sized investors
  • Investors interested in rental income
  • Investors looking to diversify
Pros
  • Buy-ins as low as $100
  • Open to non-accredited investors
  • Offers ownership shares in real property (and all the tax benefits)
  • Multiple ways to earn dividends (rental income and property appreciation)
  • Great way to diversify portfolio
  • Open to self-directed individual retirement accounts (IRAs)
  • Detailed analytics and data to help investors make informed decisions and maximize their returns
Cons
  • Long hold periods
  • No secondary market to liquidate shares
Masterworks
Get started securely through Masterworks’s website
More Details
Best For
Art Investing
N/A
1 Minute Review

Masterworks provides an opportunity for investors to invest in blue-chip artworks by renowned artists, such as Basquiat, Warhol, and Koons, without having to buy the entire artwork themselves. Instead, investors can purchase shares in a specific artwork, allowing them to own a fractional interest in that piece.
By investing in art through Masterworks, individuals can access an asset class that has historically demonstrated strong long-term returns and low correlation to traditional financial markets. This can help investors spread their risk and potentially achieve higher returns over time. Moreover, Masterworks leverages its expertise in the art market to carefully select and acquire artworks that have the potential for significant value appreciation, offering investors the chance to profit from the art market without the hassle of managing an art collection.
In this article, we review Masterworks’ offerings, usability, customer support, returns, fees and educational support to help you decide whether you should use this art investing platform.

Best For
  • You want to diversify your portfolio with alternative investments
  • Those interested in investing in art
Pros
  • A dedicated representative from RIA-affiliate Masterworks Advisers available upon request who will determine if art investing is a fit for you, help you invest, and answer questions
  • Clean, attractive, easy to use platform design for desktop and mobile
  • Track record: 9 – 39% net annualized returns
  • Masterworks manages the entire process of sourcing, purchasing, and storing artwork
Cons
  • Requires a phone call before you can invest
  • Hedge fund like fees can be confusing for new investors
  • Offerings sell out quickly due to demand
American Hartford Gold Group
get started securely through American Hartford Gold Group’s website
More Details
Best For
Gold IRAs with On Going Promotions
N/A
1 Minute Review

American Hartford Gold is a family-owned business based in Los Angeles, California. The organization is a market leader in precious metal investing. American Hartford Gold specializes in selling gold, silver, platinum, and palladium coins and bars and in helping its clients to set up Individual Retirement Accounts (IRAs) invested in precious metals.

Precious metals are popular investments during times of high inflation as investors look for a hedge against inflation. Gold and silver investments may not follow the same trends as stocks, making precious metal investing a potential safe haven.

American Hartford Gold offers investors the following services:

  • Gold, platinum, palladium and silver investments
  • Gold IRAs

Investors need an amount of $10,000 or more to start their retirement investment journey with American Hartford Gold. The company also assists investors looking to roll their current IRAs into gold IRAs. There are no taxes or penalties on either the trustee-to-trustee or 60-day rollover IRA options it offers. American Hartford Gold will buy back the precious metals when investors want to cash out.

Best For
  • Investors looking for a hedge against inflation
  • Retirement savers looking for tax benefits
Pros
  • Quick & easy 3-step tax-free, penalty-free Gold IRA setup
  • Same day IRA – fastest in the industry
  • Ranked #1 Gold Company on the Inc 5000 List and A+ Rated on BBB
  • Up to $15,000 in FREE silver on qualified accounts
  • Lowest price guarantee, best ongoing promotions, no buy-back fees
  • Wide range of investment-grade gold and silver products, including popular coins like American Gold Eagles and Canadian Silver Maple Leafs
  • The company provides a wealth of information on investing in precious metals, including guides on the benefits of gold and silver investments
Cons
  • Online catalog doesn’t show pricing
  • No international shipping available outside of the U.S.

Why You Should Invest in Apartment REITs

After reviewing the apartment REITs list, you might be wondering what makes them so great. Here’s why you should consider adding these to your investment strategy.

1. Dividend Yield

Apartment REITs often distribute a significant portion of their taxable income as dividends to shareholders. These dividends tend to hold steady even when other market conditions suffer.

The dividend yield is calculated by dividing the annual dividend per share by the stock price. Those with higher dividend yields may attract income-seeking investors who prioritize regular cash flow.

2. Capital Appreciation

Given the strategic investment that real estate has been for decades, these trusts also offer appreciation over time thanks to increases in rental and occupancy rates. Positive market conditions and effective property management can contribute to capital appreciation.

Investors should be aware that many factors can influence capital appreciation. These include the overall real estate market, supply and demand dynamics and economic conditions.

3. Total Return

To calculate your total return, you’ll need to add up dividend income and capital appreciation. Generally, these investments experience 6% or more in total annual returns when the investor reinvests dividends.

Total returns on an investment fluctuate from year to year. Evaluating the total return on investment over the duration that you hold the investment is wise.

Investing in Apartment REITs

Apartment REITs provide investors with exposure to the residential housing market without the direct responsibilities of property ownership. While they can deliver solid returns, especially during times of strong housing demand, investors should be mindful of economic downturns, regulatory changes, and market fluctuations. Overall, apartment REITs can be a valuable addition to a diversified portfolio, particularly for those seeking income and long-term growth potential.

Frequently Asked Questions

Q

Do REITs invest in apartments?

1
Do REITs invest in apartments?
asked
A
1
While REITs typically invest in a variety of properties including office buildings, retail centers, industrial facilities, and hotels, they can also choose to invest in apartments.
answered
Q

What is the largest apartment REIT?

1
What is the largest apartment REIT?
asked
A
1
When it comes to REITs focused on the multifamily sector, Equity Residential (NYSE: EQR) stands as the largest apartment REIT in the United States. Founded in 1993, Equity Residential owns and operates a diverse portfolio of high-quality apartment communities across key markets in the country. With a strong emphasis on metropolitan areas and urban centers, Equity Residential offers a range of rental housing options catering to various income levels and lifestyles.
answered
Q

How many apartments are owned by REITs?

1
How many apartments are owned by REITs?
asked
A
1

As of recent statistics, it is estimated that REITs own hundreds of thousands of apartments across the United States.

answered

The post Best Apartment REITs by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/07/23222946/Untitled-design-2023-07-23T222908.083.jpg Best Credit Repair Companies in October 2024 https://www.benzinga.com/money/best-credit-repair-companies Tue, 22 Oct 2024 01:20:32 +0000 https://www.benzinga.com/?p=198364 The post Best Credit Repair Companies in October 2024 by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Benzinga’s top picks for the best credit repair companies for this month include Step and Credit Saint. A good credit score is essential in today’s financial landscape, as it significantly affects your ability to secure loans, mortgages, and even job opportunities. If your credit score is less than ideal, don’t worry. There are effective ways … Continued

The post Best Credit Repair Companies in October 2024 by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post Best Credit Repair Companies in October 2024 by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Benzinga’s top picks for the best credit repair companies for this month include Step and Credit Saint.

A good credit score is essential in today’s financial landscape, as it significantly affects your ability to secure loans, mortgages, and even job opportunities. If your credit score is less than ideal, don’t worry. There are effective ways to improve it. While you can take steps on your own to enhance your credit score, working with a credit repair specialist can expedite the process of boosting your score and yield better results. These professionals possess expert knowledge of credit reporting and can pinpoint errors or inaccuracies that may be dragging down your credit score. When selecting a credit repair company, it’s important to choose one that is reputable and has reasonable fees, along with a range of services tailored to your needs. To make this process easier, Benzinga has curated a list of top credit repair companies, helping you navigate your way toward better financial health.

Quick Look at the Best Credit Repair Specialists:

  • Best for Free Credit Building: Step
  • Best for Overall Services: Credit Saint
  • Best for Building a Budgeting System: The Credit Pros
  • Best for Minimal Setup Fees: The Credit People
  • Best for Legal Advice on Credit Scores: Lexington Law Firm
  • Best for Help with All Credit-related Problems: Credit Assistance Network
Table of contents [Show]

6 Best Credit Repair Companies

The best credit repair companies provide fast results by helping you tackle the most impactful aspects of what’s holding your credit back. Here’s a look at the leading options to help you return your credit to a decent number that allows you to take out loans, get into safe apartment complexes, or purchase a car or home.

1. Best for Free Credit Building: Step

Step
Get started securely through Step’s website
More Details
Best For
Free Credit Building
N/A
1 Minute Review

Step has emerged as an easy and safe banking app with secured credit cards that helps users build credit for free. A secured credit card acts like a debit card, so there is no interest or debt as users spend from their bank account. Purchases are automatically paid for with SmartPay and then reported to Experian, Equifax, and Transunion which helps users build or improve their credit score. Step offers a seamless solution with its all-in-one mobile banking experience comprising an app, a bank account, and a credit builder card.

This allows users to build credit as they spend, save and invest from their Step account – without having to qualify. The platform makes depositing money, tracking spending, and sending money to friends and family hassle-free. Thanks to its accessible and easy-to-use financial tools, it helps users build credit and learn responsible money habits at any age.

It is a game-changer for young adults looking to take control of their financial future. Read on to find out if Step is for you.

Best For
  • Anyone who wants to earn cashback without racking up debt and interest fees
  • Anyone trying to build or improve their credit score for free
  • Young adults seeking a secure way to save, spend, and invest money
  • Teens looking to build their credit history before they turn 18
  • Parents wanting a safe spending card and banking app for their kids
Pros
  • Free credit building and reporting tools for people of all ages
  • No credit check or credit hit and no interest or overdraft fees
  • No annual fees for Step Black’s premium rewards card
  • Step Black offers unlimited 1% cashback on every purchase with up to 8% on select brands, 3% on dining and food delivery, and 2% on subscriptions and entertainment
  • Step Black members earn a highly competitive 5.00% rate on their savings balance
  • No monthly fees for Step’s free credit building card
  • Get paid up to 2 days early with direct deposit
Cons
  • Strictly online – no physical branch
  • High-interest savings reward requires Step Black
  • Step Black charges $4.99 per month after a 30 day free trial if you can’t meet the $500 monthly direct deposit

Unlike other credit repair specialist or companies on this list, Step is a mobile app that allows you to open a secured credit card that works to build your credit. These cards are great for kids, parents, those with little credit history, fair credit score or bad credit score from the past. You can sign up today, pay no fees and manage everything in the app so that you can get back on track. Every purchase made is reported to all three credit bureaus, and you only pay what is put into the card.

Why We Picked It: Step serves everything, no matter their situation, making it the ideal secured credit card for anyone, even teenagers who are starting to learn about money, working, etc.

2. Best for Overall Services: Credit Saint

Credit Saint
Get started
More Details
Best For
Free Consultation
N/A
1 Minute Review

Credit Saint is a consultancy that offers a free first appointment, a 90-day money back guarantee on its services that include advice on how to improve your credit and a full review of your credit history.

Best For
  • Free consultation
  • 90-day money back guarantee
  • They offer credit advice
Pros
  • Review your report
  • Helps you find items you can fix
  • Stocks with you as you repair your credit
Cons
  • Doesn’t offer dispute management like other platforms

Credit Saint has low setup fees and fair monthly pricing to help you get to work on your credit affordably. The company has outstanding reviews on Google, with high satisfaction ratings. And if you don’t experience that same satisfaction, the company offers a 90-day money-back guarantee. Its basic service includes analyzing your credit score, educating you about what affects your credit, challenging the credit bureaus on anything that’s out of place and tracking your score. 

If you step up to the next plan level, you can also get creditor intervention letters, inquiry targeting, real-time account sync, credit score and report for one bureau, and a guide to building your credit based on the changes you need to make. Their robust online chat hours, including weekends, offer a convenient and efficient way to get the support you need.

Why We Picked It: With its personalized service, top-notch customer service and stellar reputation, Credit Saint is truly the best option for overall credit repair services. Their team of experts knows the ins and outs of credit repair and are dedicated to helping their customers achieve their financial goals.

3. Best for Building a Budgeting System: The Credit Pros

The Credit Pros
Get started securely through The Credit Pros’s website
More Details
Best For
Finding Damaging Items on Your Credit Report
N/A
1 Minute Review

The Credit Pros help you find the damaging items on your credit report so that you can learn what to do. They offer educational tools, help you reinforce your rights as a consumer, handle disputes and support you as you change your credit standing.

Best For
  • Finding damaging items on your credit report
  • Educational support
  • Help with disputes
Pros
  • They focus on offering advice and clear plans
  • You can learn more about your credit as you go
  • You get help deciding how to tackle items on your report
Cons
  • You may not want to pay this much for assistance

While credit repair is important to getting access to line of credit, securing better insurance rates and so much more, it only lasts so long if you fall back into bad habits. The Credit Pros offers additional features that help you learn how to manage your money wisely to keep your good credit once your number improves. You can get free consultation to discuss your current situation before paying for their services, which include identity monitoring, budgeting system and credit-builder loans. The company receives an A+ rating from the Better Business Bureau.

Why We Picked It: The Credit Pros offers a comprehensive solution for getting out of debt and staying out of debt. With their debt payoff and budgeting system, they provide the tools and support you need to take control of your finances.

4. Best for Minimal Setup Fees: The Credit People

The Credit People
Get started securely through The Credit People’s website
More Details
Best For
Free Evaluation
N/A
1 Minute Review

The Credit People review your credit report and show you where to make changes. They do handle disputes that might need to be taken up, and the best part is that you get a free evaluation before you decide to pay for their services.

Best For
  • Free evaluation
  • Dispute support
  • You learn how to make changes to your credit
Pros
  • Ongoing support
  • You work with a credit expert
  • Decide if you want to pay for a membership after getting some information
Cons
  • You may prefer a less expensive service

Paying upfront setup fees when struggling financially can be challenging. That’s why The Credit People is an attractive service for many people looking to repair their credit. The setup fee is only $19, which is far less than the standard $99 monthly fee, which can be higher depending on the tier you select from other companies.

But it isn’t just a cheap service. It also is effective. Many customers claim they saw results starting at 60 days of using the service. It also has an easy-to-use interface with a clear dashboard to help you track your credit score. However, without a mobile app, you’ll need to log in through your web browser regularly.

Why We Picked It: For a minimal investment, you can sign up for The Credit People’s financial services and begin the process of repairing your credit. This low barrier to entry makes it easy for individuals with limited financial resources to take the first step towards financial freedom.

Lexington Law
Get started
More Details
Best For
Attorney Support
N/A
1 Minute Review

The Lexington Law Firm is a popular credit repair agency that allows you to speak to an attorney, helps you handle all sorts of disputes with the credit bureaus and intervenes on your behalf, along with making it easy to get started with no money up front.

Best For
  • Attorney support
  • No money up front
  • Handles disputes with the bureaus
Pros
  • Industry expertise
  • Long track record of success
  • You can build a relationship with your attorney
Cons
  • You may need help with creditors

When you want an experienced company on your side to improve your credit rating, turn to Lexington Law Firm. With more than 10 years in the industry, the firm has encountered a variety of scenarios and is prepared to advocate for you. With no initial or setup fees, you are provided with a free credit report summary and repair recommendations.

Why We Picked It: Lexington Law Firm provides access to lawyers and paralegals to help you improve your credit score and offer credit counseling service. With their expertise and guidance, clients can take proactive steps to rebuild their credit.

6. Best for Help with All Credit-Related Problems: Credit Assistance Network

Credit Assistance Network
Get started securely through Credit Assistance Network’s website
More Details
Best For
Credit Insights
N/A
1 Minute Review

Credit Assistance Network helps you with insights into your credit, investigates problems with your credit report and steps in to work with the credit bureaus or creditors. You can sign up right away, work with their customer support team and get all the information you need to make positive changes to your credit report.

Best For
  • Credit insights
  • Handles disputes with the bureaus
  • Works with creditors
Pros
  • Constant reporting on your credit
  • Special tools to help you learn more about credit reporting
  • Credit monitoring
Cons
  • You may need support before you sign up and pay

Whether you are seeking extensive credit repair services or simply need assistance with a credit-related issue, the Credit Assistance Network can help. The company is not your traditional credit repair specialist. Instead, it comes alongside you to help with specific challenges or create a plan for improving your credit quickly. Plus, you can get a free credit consultation. Their lowest price tier is less expensive than competitors ($49 per month).

Why We Picked It: Credit Assistance Network offers a wide range of services at different prices to help clients improve their credit rating, including credit repair, credit monitoring, debt validation and more. They provide comprehensive solutions to address all aspects of credit repair and financial health.

What Is Credit Repair?

Credit repair is the process of identifying and disputing inaccuracies on a person’s credit report in order to improve their credit score and overall creditworthiness. This can involve reviewing credit reports for errors, negotiating with creditors, and addressing any negative items that may be affecting the individual’s credit standing. Credit repair services may also provide advice on budgeting and responsible credit use to help clients establish positive credit habits.

What Does a Credit Repair Specialist Do?

A credit repair specialist helps you fix your credit. It involves several steps, which vary based on the company you select but might include:

  • Identifying errors on your credit report, including your personal information or account information (like balances, payment history, credit limit)
  • Disputing errors on your credit report
  • Educating customers on what’s impacting their credit score
  • Offering guaranteed loans to help build your credit
  • Monitoring your credit
  • Preparing and sending letters to the credit bureaus and debt collectors

How Credit Repair Works

Credit repair works by identifying and addressing inaccuracies or negative items on a person’s credit report that can adversely affect their credit score. The process typically involves reviewing the credit report for errors, including late payments, charge-offs, or accounts that don’t belong to the individual. Once such discrepancies are identified, credit repair services or individuals can dispute these items with the credit bureaus, requesting investigations and corrections. The objective is to remove or amend harmful information, thereby improving the credit score. Additionally, credit repair may also involve guidance on improving financial habits, paying down debt, and establishing a positive credit history, all of which contribute to a healthier credit profile over time.

How Do Credit Repair Companies Work?

A credit repair company uses the laws to protect your rights and help you get a fair credit score. Some of your rights when it comes to your credit include knowing your credit score, what’s on file in your credit report, and the chance to dispute inaccurate information. The Fair Credit Reporting Act (FCRA), for example, gives consumers the right to access their credit reports, dispute inaccurate information, and seek damages from entities that violate the law. This act aims to protect consumers from unfair and inaccurate credit reporting practices.

While disputing something on your credit is not a guarantee that the credit bureau will remove it, you will at least have a chance at making the update. 

Credit repair companies offer many services, such as a credit consultation, challenging inaccurate items on your credit report, providing regular progress reports and fighting for your rights.

How to Choose the Right Credit Repair Specialist

Here are things to keep in mind when choosing a credit repair company:

  • The breadth of service offering: Each company offers its own set of services. Look for one that includes the credit services and features you need, such as credit counseling, dispute letters, education, consultations, loans, etc.
  • Transparent pricing and agreements: Make sure you know what you’re signing up for. Some companies require a certain number of months of commitment, which means you can’t cancel at any time. Others are fuzzy on what’s included in your service. Select a transparent company that tells you exactly what you get for your fees.
  • Access to customer service: You’re busy with all the other aspects of daily life. Getting in touch with your credit repair specialist shouldn’t be hard. Look for the company that allows you to reach them via phone, email, online chat and any other communication channel you prefer.
  • Fair pricing: Choose the service with fair prices that meet your budget while still providing great results.
  • Customer reviews: Read the reviews about the company to see what past customers have said. Some good places to go are Trustpilot and the Better Business Bureau. That way you know you’re reading reputable reviews that the company has not filtered so you only see the best of the best.
  • Money-back guarantees and freedom to cancel: Companies that allow you to cancel at any time are probably more confident in their services than those that hold you captive for a set number of months.

How to Avoid Credit Repair Scams

Sadly, there are many people out there who prey on people looking to improve their financial standing through credit repair. Protect yourself from these scammers with these tactics.

  • It seems too good to be true: If so, it probably is. If the company is overpromising, this is not the best option for you. They should not guarantee results because there is no way to guarantee credit improvements since each person’s situation is unique.
  • They are not CROA compliant: The Credit Repair Organization Act (CROA) helps protect consumers from scams. Read the act to ensure that the company is compliant.
  • Pricing seems out of line with competitors: When the price is extremely high or bottom of the barrel, that should tip you off that something isn’t right here. Don’t pay hundreds of dollars per month for a service when most are between $100-$150. 
  • There are no tools or resources for learning about credit: Additional features and education help you learn about your credit and ensure you’re taking proper steps. Without that, you might not know that the company is just taking your money without results.
  • Reviews are generally negative: Read reviews on as many third-party sites as you can. If the reviews are generally negative or past customers experienced pain points that you don’t think you can deal with, avoid the company.

Alternatives to Credit Repair Companies

There are several alternatives to credit repair companies for individuals looking to improve their credit scores.

  • Take a DIY approach by obtaining a copy of your credit report and reviewing it for errors or derogatory marks. You can dispute inaccurate information directly with the credit reporting agencies.
  • Work on improving your credit score by paying down outstanding debts, making timely payments, and reducing credit card balances to lower your credit utilization ratio.
  • Utilize financial education resources and budgeting tools which can help you develop better financial habits.
  • Seek help from non-profit credit counseling services, which can provide personalized advice and assistance with debt management plans without the high fees typically associated with credit repair companies.

Start Your Journey to Better Credit

When your credit score is too low to get access to financial tools and resources, it can be frustrating and you might not know where to turn or what to do. Working with a company skilled in credit repair can help you elevate your score quickly and get on track with improvements that can be life-changing.

Frequently Asked Questions

Q

Is it worth paying someone to fix your credit?

1
Is it worth paying someone to fix your credit?
asked
A
1

Whether paying someone to fix your credit is valuable or not depends on whether the information on your credit report is accurate. The most useful time to pay for a service is when you have incorrect information pulling down your credit score.

answered
Q

How much does credit repair usually cost?

1
How much does credit repair usually cost?
asked
A
1
Credit repair services cost $50-$150 per month, often with an initial setup fee of about $100.
answered
Q

Do credit repair services really work?

1
Do credit repair services really work?
asked
A
1

Credit repair services can work, but their effectiveness can vary greatly depending on the company and the individual’s specific financial situation. Some credit repair services may be able to remove inaccuracies and errors from your credit report, which can boost your credit score. However, it is important to be cautious of companies that make unrealistic promises or engage in unethical practices.

answered

The post Best Credit Repair Companies in October 2024 by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/09/21211057/credit-repair-specialist.jpg 6 Different Types of Savings Accounts https://www.benzinga.com/money/different-types-of-savings-accounts Mon, 21 Oct 2024 23:56:59 +0000 https://www.benzinga.com/?p=252273 The post 6 Different Types of Savings Accounts by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

You have six options for savings accounts. To determine the best option, assess the interest rates and consider how accessible your funds are. Savings accounts allow you to hold funds safely while earning some interest. You have many options for types of savings accounts. While a high-yield savings account offers some of the highest interest … Continued

The post 6 Different Types of Savings Accounts by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post 6 Different Types of Savings Accounts by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

You have six options for savings accounts. To determine the best option, assess the interest rates and consider how accessible your funds are.

Savings accounts allow you to hold funds safely while earning some interest. You have many options for types of savings accounts. While a high-yield savings account offers some of the highest interest rates, traditional savings accounts make your funds more accessible and easy to use. And while a money market account might offer good interest rates, you’ll have transaction limits and withdrawal thresholds per month. So before you open a new savings account, learn more about its features, pros and cons, and who it is best for. Understanding these factors can help you select the best account for your financial goals.

Table of contents [Show]

Types of Savings Accounts

Check out these different kinds of savings accounts to learn more about your options. Each bank or financial institution will have different rules and thresholds, so review the fine print carefully before opening a new savings account. This guide will help you get started.

1. Traditional Savings Account

If all you need are the essentials, a traditional savings account might offer everything you need. These accounts are designed to hold your funds. While you can earn interest on all money in these accounts, typical interest rates hover around 0.01%. 

Traditional savings accounts are available at banks and credit unions. Most accounts allow unlimited withdrawals and have few restrictions. Each bank decides how to handle this, so read the fine print before opening an account.

Who is it suitable for? Anyone who needs fast access to their money and cares little about earning interest on the money. 

Pros

  • Easy accessibility
  • Few restrictions
  • Unlimited withdrawals (or nearly unlimited)
  • Federal Deposit Insurance Corporation (FDIC) up to $250,000

Cons

  • Money held in the account earns minimal interest
  • Some accounts charge a monthly maintenance fee if you don’t meet account thresholds

2. High-yield Savings Account

Consider a high-yield savings account when you’re focused on earning passive income on your money held in a savings account. The interest on these accounts has been solid because the Federal Reserve has raised interest rates over the last few years to curb inflation. 

Both banks and credit unions offer high-yield savings accounts. However, these accounts have more strict rules about the money you can transfer or withdraw from them. That makes them ideal for individuals who don’t need ready access to their funds.

Who is it good for? Individuals looking to maximize their returns on their savings and who don’t need to withdraw money frequently should consider a high-yield savings account.

Pros

  • Higher interest rates, with current rates earning up to 5%
  • Many accounts don’t charge monthly fees
  • $250,000 in FDIC insurance

Cons

  • Since these accounts are often offered only by online banks, you won’t get access to physical branches
  • Restrictions on the number and amount of withdrawals or you’ll face penalties

3. Cash Management Account

You’ll commonly find these accounts associated with investment or brokerage accounts. They are not a bank account. Cash management accounts earn more interest than traditional savings accounts but less than high-yield ones. These accounts complement brokerage accounts nicely as they can hold funds when you’re between investments to help you keep earning money.

Who is it suitable for? These savings accounts are for investors who want to know that their money will still earn interest between investments.

Pros

  • Earn interest on money when you’re between investments
  • Turns brokerage accounts into more of a savings account
  • Most provide the same $250,000 of FDIC insurance as a traditional savings account

Cons

  • Interest rates are lower than some other forms of savings accounts
  • Watch out for accounts that are not FDIC-insured

4. Certificate of Deposit (CD)

Certificate of Deposit account offers competitive earnings. But in exchange, you can’t touch these accounts for a set number of months you agree to when you open the account. You’ll pay a penalty if you need access to the funds during the term.

CD accounts offer a fixed interest rate. When you open an account, you can calculate how much money you’ll earn by holding your funds. Traditional banks, online banks, and credit unions all offer CD accounts. You can find accounts that last anywhere from three months to five years.

Who is it good for? Those who can live without money for the term agree to look for a safe, secure way to grow their money. They also serve those who want to know the specific interest rate they will earn and lock in that rate.

Pros

  • Rates are locked in, providing reliable returns on your savings
  • Higher interest rates compared to most savings account types
  • No monthly fees
  • FDIC insurance up to $250,000
  • Options for terms varying from a few months to many years

Cons

  • You can’t touch your money during the term without facing penalties
  • Rates could increase during your term but you’ll be locked at a lower rate

5. Specialty Accounts

Many banks offer specialty savings account types. These include accounts for children, custodial savings, and student savings accounts. Another form of savings account is a 529 account, which allows you to enjoy tax advantages while saving for education costs.

Some banks offer special accounts to help you start saving toward holiday gifts or a home. That way, the savings don’t intermingle with other funds, and you’ll know exactly what they are used for.

Who is it suitable for? Parents or guardians are looking to prepare youth for financial prosperity. Other accounts allow you to set aside funds for specific purposes, such as a home purchase or holiday gifts.

Pros

  • Focus on savings goals by earmarking your funds while earning interest
  • Low or no maintenance fees based on the financial institution that oversees the account

Cons

  • You might face strict account rules for tax-advantaged accounts
  • Often lower interest rates compared to other savings account types
  • Many accounts have strict rules for who can open these accounts

6. Money Market Account

A money market account (MMA) offers variable interest rates like a high-yield savings account. But the perk of an MMA is that you can get a debit card and checkbook to spend money directly from the account, making the money more accessible.

However, you risk getting minimal interest on your account since those rates can change from one month to the next.

Who is it suitable for? Money market accounts best serve individuals looking for high interest rates and accessibility to their funds.

Pros

  • Higher interest rates compared to traditional savings accounts
  • Easy access to your money
  • $250,000 in FDIC insurance

Cons

  • You might face fees for withdrawing too much in one month or failing to maintain account minimums

How to Choose the Right Type of Savings Account For You

Just because your friend talks about how much interest they earn on their high-yield savings account doesn’t mean you should open a similar account. You should take the time to evaluate the best account for you based on your financial goals and spending habits. Use these tips to find the best account for you.

  • Review your goals: Are you saving toward a specific purchase, such as a home or college for your child? If so, look for an account that helps you meet your goals within the time frame you’re working toward.
  • Type of money you’ll hold there: Is your savings account going to hold your emergency fund? Funds you’ll use toward a goal? Money you just aren’t sure what to do with currently? If you don’t have a specific use case for the funds or they are the emergency fund you hope to never need, you can open a more strict account that doesn’t allow for withdrawals or has account minimums since you likely won’t touch the funds.
  • Amount of funds you’ll start with: Many accounts have an initial deposit minimum and a minimum account balance that you must maintain to avoid fees. Research these minimums before opening an account.
  • Account management preferences: To earn the highest rate of return, look to an online bank. Evaluate whether you’re comfortable with online banking or whether a traditional bank is better.
  • Option to invest: If you want to invest the funds at some point, open a cash management account, which will seamlessly transfer to your brokerage account.
  • Check-writing/debit card: Do you intend to write checks from the account or withdraw funds using a debit card? If so, the best option is a money market account with check-writing privileges and a debit card.
  • Locked interest rates: If you want to know the interest rate you’ll earn on the account long-term, a Certificate of Deposit is the best option since it is the only savings account type that lets you lock your rates. Other types offer variable interest.

Top Savings Accounts

First Citizens National Bank
get started securely through First Citizens National Bank’s website
More Details
Best For
Compounded Daily Interest
N/A
1 Minute Review

The savings account from First Citizens is similar to the checking account, but you earn 0.03% on your daily balance, which is compounded and credited every month. You get overdraft protection, transfers between bank accounts are simple and a mobile banking app that gives you access to your account anywhere you go. Remember, though, that the first 2 transfers and withdrawals are free, after that, you incur a $3 charge. Even so, there’s no minimum balance and no monthly service charge.

*

1. APY (annual percentage yield) is accurate as of August 10, 2022. After that time, the rate is variable and may change. Other account-related fees may apply. Fees could reduce the earnings on the account.

2. Minimum opening balance of $50 in new funds to First Citizens, maximum of $1,000,000, required to receive the advertised APY.

Best For
  • Saving money transferred from your checking account
  • Protecting your accounts in the event of an overdraft
  • Anyone who wants to start saving with very little cash
Pros
  • Compounded daily interest on your balance
  • Powerful mobile app
  • Overdraft protection
Cons
  • Only the first 2 transfers or withdrawals are free
Quontic Bank
get started securely through Quontic Bank’s website
More Details
Disclosure: 10 debit card POS transactions per statement cycle required to earn maximum APY. Otherwise, APY will be 0.01%. Visit site for a list of qualifying activities.
Best For
High Yield Savings
N/A
1 Minute Review

Quontic Bank makes saving easier than ever by providing you with an all-digital experience that helps open an account in just a few minutes. You can make a small minimum deposit to get started, save with high yield savings, a money market account or CDs.

Best For
  • Several savings account options
  • High yield savings accounts
  • Low minimum deposit
Pros
  • No monthly maintenance fees
  • Get started online in a few minutes
  • Manage all your money online
Cons
  • Penalties for early withdrawals on CDs
UFB Direct
get started securely through UFB Direct’s website
More Details
Best For
No Maintence or Service Fees
N/A
1 Minute Review

Make the most of your money and earn up to 1.81% APY* on all balances. The UFB Money Market offers the security of a savings account with check-writing privileges.

*The interest rate and corresponding APY for savings is variable and is set at UFB Direct’s discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.

Best For
  • No minimum deposit requirement
  • Free transfers between direct deposit accounts
Pros
  • Complimentary ATM card
  • Digital tools for seamless remote banking
Cons
  • Tiered variable rate account
Nationwide
get started securely through Nationwide’s website
More Details
Best For
No-Hassle Switch Kit
N/A
1 Minute Review

* The Annual Percentage Yield (APY) is accurate as of 8/10/2022. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.

1. To qualify for the 0.30% APY you must open your new My Checking account and have a monthly Direct Deposit totaling at least $1,000 from a third party to your My Checking account. You will automatically receive the 0.30% APY upon meeting account requirements. Interest rates may change as often as daily without prior notice. The Bank may change or cancel this bonus program at any time.

Best For
  • Mobile banking
  • Free mobile deposit
Pros
  • Complimentary suite of digital banking tools
  • $0 monthly maintenance fee
  • No minimum balance requirements
Cons
  • Fees may reduce earnings
Axos Bank
get started securely through Axos Bank’s website
More Details
Best For
No Maintenance Fees
N/A
1 Minute Review

Take your savings to new heights. 0.61% APY*, zero fees, and no monthly minimum balance requirements. Online debit card management is also available along with a simple, 3-step process for direct deposits.

Use the code RC100 to receive a $100 bonus. Offer ends 6/30/23

* The Annual Percentage Yield (APY) is accurate as of 8/10/2022. The interest rate and corresponding APY for savings is variable and is set at our discretion. This is a tiered variable rate account. Interest rates may change as often as daily without prior notice. Fees may reduce earnings.

Best For
  • No maintenance fees
Pros
  • No minimum balance
  • Suite of digital money management tools
  • Free ATM card upon request
Cons
  • No brick and mortar locations

Should You Put Your Money in a Savings Account?

Putting money in a savings account offers several benefits that help individuals manage their finances effectively. Firstly, savings accounts provide a safe place to store money, protecting it from theft or loss. Additionally, most savings accounts earn interest on the deposited funds, allowing your money to grow over time. This interest can help you reach financial goals, such as saving for emergencies, vacations, or significant purchases.

Savings accounts also promote disciplined saving, making it easier to set aside money for future needs. Furthermore, they often offer easy access to funds in case of emergencies while maintaining a separation from everyday spending, encouraging better financial habits. Overall, a savings account is a valuable tool for building financial security and achieving long-term goals.

Alternatives to Savings Accounts

You don’t have to place your money in a savings account. Learn these alternative options.

  • Investment account: You can earn greater returns on your money by investing it in the right investments. The challenge is that it’s hard to know what investments to choose, and there is some risk of losing your money due to changes in the market.
  • Health savings account (HSA): You can only use the money toward health care-related expenses, but you won’t pay taxes on the funds or the earnings you make on the funds so long as you use them toward health care expenses. This is a smart move, especially if you foresee medical expenses in the future.
  • Individual retirement account (IRA): An IRA allows you to set aside funds toward retirement. You can invest in a traditional IRA and get tax advantages in the current tax year or opt for a Roth IRA to enjoy tax advantages during retirement.

Earn Interest and Protect Your Hard-earned Money

Savings accounts offer FDIC insurance and the peace of mind that you’ll earn interest on the money without concerns about losing it due to poor investment choices. Select the best account type based on your goals and start building your savings account now.

Frequently Asked Questions

Q

What is the best type of savings account?

1
What is the best type of savings account?
asked
A
1

The best type of savings account will vary based on your need for access to funds. A high-yield savings account mixes the benefits of higher interest rates with moderate fund accessibility.

answered
Q

What types of savings accounts should I have?

1
What types of savings accounts should I have?
asked
A
1

You can choose from various savings accounts and mix and match them to maximize their benefits and minimize their disadvantages. For example, it can be wise to use a money market account for your emergency fund and open a Certificate of Deposit account for all the above to enjoy short-term and long-term benefits.

answered

The post 6 Different Types of Savings Accounts by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/07/21194832/types-of-savings-accounts.jpg What Is a Manual Underwriting for a Mortgage? https://www.benzinga.com/money/manual-underwriting Fri, 18 Oct 2024 14:32:29 +0000 https://www.benzinga.com/?p=318397 The post What Is a Manual Underwriting for a Mortgage? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Manual underwriting is the process where a lender assesses an applicant’s financial ability to repay a loan When applying for a mortgage, lenders typically use one of two methods for underwriting: automatic or manual. Manual underwriting often offers higher acceptance rates for applicants with complex financial situations, such as self-employment or nontraditional income. Learn what … Continued

The post What Is a Manual Underwriting for a Mortgage? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post What Is a Manual Underwriting for a Mortgage? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Manual underwriting is the process where a lender assesses an applicant’s financial ability to repay a loan

When applying for a mortgage, lenders typically use one of two methods for underwriting: automatic or manual. Manual underwriting often offers higher acceptance rates for applicants with complex financial situations, such as self-employment or nontraditional income. Learn what manual underwriting for a mortgage is, how it works and what to expect throughout the process.

BZ

Key Takeaways

  • Manual underwriting can enable individuals with complex finances to qualify for a mortgage.

  • The process involves having an underwriter review your account details directly instead of using a computer algorithm to evaluate your application.

  • Manual underwriting is available for various loan types, including conventional, VA, jumbo, FHA and USDA loans.

Table of contents [Show]

What Is Manual Underwriting?

Manual underwriting is the process by which a lender evaluates whether you have the financial means to repay the loan you are applying for. Often, computer programs decide whether you are eligible for a mortgage. 

However, some borrowers need a human evaluation to decide whether they can repay the funds. This can be the case if they are self-employed and seeking a Federal Housing Administration (FHA) or jumbo loan.

Calculators

How Does Manual Underwriting Work?

A loan professional reviews the data and information you submit with your loan application. This requires additional time compared to automatic underwriting, and you’ll also need to submit more documentation than you would with automatic underwriting. However, you’ll also stand a better chance of receiving a loan approval if you go through manual underwriting when you have unique financial circumstances.

The lender decides whether to process your mortgage application through automatic or manual underwriting based on questions from the mortgage application. When you don’t meet certain standards as a borrower, the lender flags your account for manual underwriting.

When Do Lenders Use Manual Underwriting?

Lenders use manual underwriting in a variety of circumstances. Those can include any of the following.

Thin Credit File

Some individuals prefer to live debt-free, perhaps always purchasing cars with cash and avoiding credit cards. Without owning a home, their credit file may be thin. Although you’re well established financially, you don’t have proof that you know how to handle debt.

It doesn’t necessarily mean you have poor credit; it just means you have limited credit history, which can be a red flag for lenders. In that case, the lender will manually review your file to see whether you can repay the requested loan.

High Debt-to-Income Ratio (DTI)

Your debt-to-income ratio (DTI) is an indicator for lenders of how successful you’ll likely be in repaying your mortgage. When that ratio is too high, it signals that you’ll struggle to make on-time payments. Government regulators monitor this ratio to mitigate risks of bankruptcy or foreclosure. 

Manual underwriting allows you to show that this ratio is high temporarily or related to a business you own. Showing creditworthiness can also approve some instances of a high DTI.

Negative Credit History

Past financial woes can lead to a negative credit history. A history of missed credit card payments, loan defaults, or financial mismanagement could lead to automatic rejection during computer evaluation. But manual underwriting can review your file and decide whether that was an isolated instance or far enough in your past to where you’ve rebuilt your financial reputation since then.

Bankruptcy or Foreclosure

A history of bankruptcy or home foreclosure can complicate automatic mortgage approval. That does not mean it is impossible to do so, but it will make the process more complex. Showing that you have the savings for the down payment can aid in the manual underwriting process and demonstrate that you are now financially sound to take on the loan.

What Happens During the Manual Underwriting Process?

Learn the process for undergoing manual underwriting during a mortgage loan application.

Gather Financial Documents

Your lender will request a variety of documents that help them verify your income and finances. These will likely include the following.

  • Bank statements (going back up to 12 months)
  • Investment account statements, if applicable
  • Pay stubs
  • Proof of employment
  • Proof of assets, such as other property and vehicles
  • Profit and loss statements if you are self employed or a business owner
  • Tax returns for the previous few years

During this phase of the process, be as responsive as you can be to document requests to ensure your loan moves along smoothly through the process. Assembling these materials in advance will help you stay prepared for anything your lender requests.

Review of Your Financial Information

The next phase is when the underwriting team will review what you’ve submitted and what is available to them through other sources. Here’s what your underwriter will be looking at.

  • Credit Report: The lender wants to see how you handle debt. Your credit report will contain details about loans, lines of credit, and other financial accounts you own. It also contains details about late payments or defaults on your credit record. The lender wants to see a consistent credit history with on-time payments. Applicants with a thin credit history must provide further documentation, such as proof of on-time utility and rent payments.
  • Income and Assets: Lenders like to know that you have assets to pay for your mortgage. They’ll look at your income, additional assets, how long you’ve been employed in the same place and your liquid assets to pay closing costs. The more steady your employment, the less likely lenders believe you will be to fail to make a payment. The lender might request access to additional information, such as retirement account balances or statements for rental property income.
  • Debt and Liabilities: Now that your lender knows you have adequate income and assets to cover your loan, it wants to know that those funds and assets aren’t committed elsewhere to other loans. It uses your debt-to-income ratio here to ensure you have the funds to cover all monthly expenses you’re already committed to in addition to your new mortgage. Your debt and liabilities will tell the lender how much money you have to pay monthly bills to avoid giving money to borrowers who are already overstretched.
  • Collateral: The final piece of reviewing your assets is to look at your collateral. This is the property value you’re purchasing and the amount you use as a down payment. The ability to include a full 20% down payment will help the lender know that if you default on the loan, they won’t lose money in the process. Regardless, you’ll need a minimum of 3% of the property value to pay as the down payment. Your underwriter will review your account balances to see whether you have adequate funds to cover the down payment. A home appraisal for the property you are buying will also tell the lender whether the property is worth the amount you’re borrowing. If the appraisal returns significantly lower than the price you offered the seller, you might need to adjust your offer to align with the appraisal value.

Final Decision

After assessing your credit report, finances, income, debt, and collateral, the lender will make its decision. At this point, the underwriter might approve the loan or deny it. In some cases, the lender will suspend the loan with contingencies. That means that you must provide further documentation before the lender can issue the loan officially but it is not a bad sign so long as you work quickly to provide additional documentation.

How Manual Underwriting Works for Your Mortgage

Review the various types of loans and how manual underwriting works to help you get the mortgage you want to purchase your home.

Conventional Loans

Conventional loans often employ automated underwriting as lenders frequently sell these loans to entities like Fannie Mae and Freddie Mac, known for their stringent criteria. Selling the mortgage helps the lender with cash flow to continue offering loans to additional applicants. So while Fannie Mae and Freddie Mac use an automated system for reviewing your application, the lender can trigger a manual review if they believe one is warranted.

FHA Loans 

Based on the 2020 update to FHA loans, an applicant with a credit score below 620 or DTI greater than 43% must use manual underwriting. While you can still get an FHA loan with a credit score as low as 580 and a DTI of 50%, you might still need to provide additional documentation for manual underwriting to gain access to a mortgage loan. Increasing your down payment to more than 3.5% can also ensure your loan application is approved.

USDA Loans 

Receiving a denial for a USDA loan is not uncommon but you can request manual underwriting for your application within the automated system. This can increase your chances of receiving an approval.

VA Loans

Lenders aim to approve as many VA loans as possible because these loans are designed to show appreciation for service members’ sacrifices to protect our country. However, to approve veterans and their families for loans, most must go through manual underwriting. During the process, your underwriter will look at your DTI and check for derogatory marks on your credit.

Jumbo Loans

This is a type of nonconforming loan, giving lenders more flexibility with these loans. Most lenders still automate this underwriting process for the average home. But lenders also see a great deal of high-value jumbo loans. Home loans over $2.5 million often require manual underwriting regardless of the applicant’s financial details.

Manual Underwriting vs. Automated Underwriting

While technology has made the mortgage approval process faster and often simpler, human underwriters are still involved. Learn how manual and automated underwriting differs.

With automated underwriting, your lender will use a computer algorithm to determine your eligibility for the loan. The algorithm assesses all application data and credit report details, obtained automatically upon entering your Social Security number and other personal information. Your data must meet the lender’s standards to receive approval. 

The computer pulls in all relevant financial data, including your income, debt, credit score, credit history, etc. It will check across various data points to see whether you are a good match for the lender and the mortgage value you are applying for.

In contrast, manual underwriting simply uses technology to communicate and gather relevant data. Then, a human will review that information. It requires more documentation because it doesn’t pull from the relevant databases since your financial situation is likely unique. This helps improve the chances of getting approval for those with nontraditional income or higher debt-to-income ratios due to things like rental properties. 

The underwriting process takes place after preapproval. It’s wise to go through preapproval before shopping for a home to show you are a worthy buyer. But you can also complete the full underwriting process before placing an offer on a home to show that you have done all the relevant work to complete the mortgage process and win the house.

Find the Best Mortgage Offers From Benzinga’s Top Lenders

Find the best mortgage for you from these leading mortgage lenders. Get started now to prepare for your homebuying experience.

Gaining Mortgage Approval When You Have Complex Finances

Manual underwriting offers a path toward mortgage approval for those who could not otherwise get a mortgage using the automated processes. Whether you’re self-employed, manage rental properties or have a complex credit history due to hardships, having an underwriter review your finances can be the best way to get into the home you’ve always wanted.

Frequently Asked Questions 

Q

Is manual underwriting more expensive?

1
Is manual underwriting more expensive?
asked
A
1

Manual underwriting is more expensive for the lender because they have to pay for the underwriter’s time to review your finances. But it is not more expensive for the borrower.

answered
Q

Who does manual underwriting?

1
Who does manual underwriting?
asked
A
1

A mortgage lender uses an underwriting team to do manual underwriting. Most lenders offer this as an option based on the details you input during your application.

answered
Q

How do you get manual underwriting for a mortgage?

1
How do you get manual underwriting for a mortgage?
asked
A
1

You can get manual underwriting by completing a mortgage application and inputting certain details, such as being self-employed or having a nontraditional income. The algorithm will then know that your application needs a manual review.

answered

The post What Is a Manual Underwriting for a Mortgage? by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2024/06/13081723/IMG_4703.jpeg How to Find Cash-Flow Properties https://www.benzinga.com/money/cash-flow-properties Wed, 16 Oct 2024 18:01:18 +0000 https://www.benzinga.com/?p=264856 The post How to Find Cash-Flow Properties by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Cash-flow properties are real estate investments that produce a steady stream of income through rental payments from tenants, allowing investors to profit not just from potential appreciation in property value, but also from regular cash flow. Investing in cash-flow properties requires a long-term perspective, as building a successful rental property portfolio takes time and effort. … Continued

The post How to Find Cash-Flow Properties by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> The post How to Find Cash-Flow Properties by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

Cash-flow properties are real estate investments that produce a steady stream of income through rental payments from tenants, allowing investors to profit not just from potential appreciation in property value, but also from regular cash flow. Investing in cash-flow properties requires a long-term perspective, as building a successful rental property portfolio takes time and effort.

Continue reading to learn how to find cash-flow properties.

Table of contents [Show]

What is a Cash-Flow Property?

A cash-flow property could be one that offers monthly income through a tenant. But be aware, in this scenario, you’ll need to factor in maintenance expenses when calculating the property’s monthly value.

Another way you might make money off owning a property is by holding it until its market value appreciates to a certain point, either because you fixed the property up and turned around and resold it or because you purchased a property in an up-and-coming area.

Buying, selling and renting real estate requires deep market insights and understanding. So enter the space carefully and don’t try to snap up too many properties at once before you’ve tested and tried your hand in the space.

Best Cash-Flow Property Investments You Should Consider

Finding the best cash-flow properties requires understanding various real estate investment types. Here’s a look at some of the most lucrative investment types you can find.

Single-Family Homes

Investing in single-family homes generally is the best starting point for investors. Single-family homes are often simple to manage and familiar to the average investor if they have managed a home themselves. Plus, single-family homes have a wide target demographic, making it easier to keep the property rented, which maximizes your income.

Multifamily Properties

Some examples of multifamily properties are duplexes, triplexes and apartment buildings. This can offer multitenant income, though the upfront cost is generally higher than single-family homes because it requires purchasing more property. But these properties are still very attractive to tenants.

Short-Term Rentals

While short-term properties have grown in popularity over the years with the launch of platforms like Airbnb, they have more complex rental regulations. And to make it more complex, each state and city has its own laws. You might find some neighborhood homeowners associations prohibit short-term rentals.

When buying a property, review the regulations. When you find a good area with favorable terms, these properties can offer higher returns, especially in tourist destinations.

Turnkey Properties

Properties that are fully renovated with professional companies managing them are called turnkey properties. These properties are easy investments and can provide passive income because the owner doesn’t have to do any of the work related to maintaining the property.

Real Estate Investment Trusts (REITs)

Investors who want to be hands-off with their investments find real estate investment trusts (REITs) the best option for diversifying their portfolios. REITs are publicly traded companies that pool funds to invest in various real estate assets, including cash-flow properties. This is a more complex investment strategy though, so be sure you understand how REITs work before placing your money there.

Advantages of Investing in Cash-Flow Properties

As you seek cash-flow properties for sale to get started with this investment strategy, consider the advantages your investment can provide.

  • Steady Stream of Passive Income: Provides consistent, reliable passive income that can supplement your budget and reduce financial stress, with extra funds for leisure activities or future savings.
  • Leveraging Other People’s Money: Borrowing money to purchase an investment property allows you to use other people’s capital to build income, offering the potential for multiplying returns.
  • Tax Benefits: Real estate investors can benefit from tax incentives, including deductions for mortgage interest, property taxes, and asset depreciation, maximizing income efficiency.
  • Appreciation Potential: Real estate typically appreciates over time, allowing you to sell the property for a profit when the market peaks or if you no longer wish to manage it.
  • Hedge Against Inflation: Rental income generally increases with inflation, ensuring your investment grows at least at the rate of inflation, protecting against rising costs.
  • Diversification: Adding real estate to your investment portfolio reduces risk by diversifying across different asset types, complementing stocks, bonds, and other investments.
  • Equity Buildup: As tenants’ rent helps pay down the mortgage, you build equity in the property, leading to a larger return on investment when you sell, thereby boosting your net worth.

Tips for Finding Cash-Flow Properties

After learning about real estate investing and management, you might be wondering how to find cash-flow properties. Choosing the right property, pricing rent accordingly and preparing for ongoing maintenance are all important aspects of getting the most from your investment. Here’s a look at tips and strategies for selecting quality properties.

Set Your Investment Goals

Make sure the work of managing your property is worth it to your bottom line. Review your financials to see what kind of mortgage you can afford and how much extra income you’d ideally like to make. Setting investment goals now will ensure you don’t find the management work arduous and frustrating but rewarding and worthwhile.

Determine the amount of passive income you wish to generate, your risk tolerance and the timeframe for achieving your financial objectives. This will help guide what property to invest in.

Research Local Real Estate Markets

One of the largest factors in real estate value is location. Ideally, you want to invest in an area you know well so that you have a clear understanding of whether the property is well-priced and what kind of rental income you can get with it.

Identify areas with high rental demand and potential for property value appreciation. Consider the neighborhood’s schools, amenities, crime rates and job market as you look for the best property.

Select the Right Location

Make sure the property is in a desirable area with plenty of rental income potential. As you evaluate the specific location, consider whether it is an area with strong economic growth, employment opportunities and amenities.

Network with Real Estate Professionals

Get to know local real estate agents, brokers and property managers. These professionals know invaluable market insights and can guide you toward lucrative investment opportunities. You might also learn about off-market deals before they become publicly listed, which can reduce the competition you face for the property.

Analyze Property Cash Flow

Even if a property appears to be a great opportunity, take some time to complete a full financial analysis of the property. Consider factors such as:

  • Rental income
  • Vacancy rates
  • Property taxes
  • Insurance
  • Maintenance costs
  • Property management fees

Consider long-term expenses, such as roof, HVAC and the age of large appliances. This will tell you what you’ll need to invest in the property over the years to keep it attractive to renters. Aim for properties with strong positive cash flow after deducting all expenses.

Assess Property Condition and Maintenance

Some properties are on the market because they require significant overhauling that the current owners don’t want to undertake. Immediate repairs are something you can build into your mortgage so that it doesn’t impact your savings. But that will increase the amount you need to charge each month to cover your mortgage. Get a good inspector who can go through the property thoroughly to help ensure you don’t experience financial surprises.

Negotiate the Best Deal

The best real estate investors are those with fierce negotiation skills. Do your best to talk the owners down to your ideal purchase price. The less you pay for the property upfront, the more income you’ll see from it each month. Don’t get emotionally involved with a property, and be prepared to walk away if the deal doesn’t meet your criteria.

Secure Financing

Betting financing terms will mean more upside to your investment. Take your time to shop rates and consider alternative funding sources if you can find better terms than you do with traditional lenders. Review interest rates carefully and if it doesn’t add up financially, don’t sign on the dotted line.

Build an Inflation-Proof Investment Portfolio

In today’s uncertain economic environment, building an inflation-proof portfolio is essential for protecting your investments and maintaining financial stability. Real estate investments can help diversify your investment portfolio while ensuring your investment is inflation-proof. Meanwhile, with careful management, cash-flow properties can be a reliable and profitable investment strategy. Start researching real estate markets to find the best investment for you.

Frequently Asked Questions

Q

How can I identify a good cash-flow property?

1
How can I identify a good cash-flow property?
asked
A
1

To identify a good cash flow property, you should complete a cost-benefit analysis where you review all fees associated with the property and compare it to your anticipated income.

answered
Q

What is a good cash flow on a property?

1
What is a good cash flow on a property?
asked
A
1
A good cash flow on a property typically means that the income coming in from rent exceeds the expenses going out, leaving the investor with a positive cash flow. This positive cash flow can provide the investor with a steady stream of income and help cover mortgage payments, property maintenance costs, and other expenses associated with the property.
answered
Q

How do I buy a positive cash-flow property?

1
How do I buy a positive cash-flow property?
asked
A
1

Buying a positive cash–flow property requires meticulous planning, financial analysis, and a good understanding of the local real estate market to make an informed investment decision that aligns with your financial goals.

answered

The post How to Find Cash-Flow Properties by Rebekah Brately appeared first on Benzinga. Visit Benzinga to get more great content like this.

]]> https://cdnwp-s3.benzinga.com/wp-content/uploads/2023/08/13160328/Untitled-design-81.jpg