Basit Siddiqi
Experienced SFH Investor: Next Steps?
21 January 2025 | 6 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
Roland Stone
Anderson Business Advisors
25 January 2025 | 15 replies
They have also outsourced their TAX SERVICES and despite my constant request to expedite my tax filing so that we can apply for a CRITICAL BUSINESS LOAN TO EXPAND OUR BUSINESS, THEY SAT ON OUR TAX and BOOKEEPING files for 7 months.
Daniel Carrillo
Introduction to Phoenix
30 January 2025 | 11 replies
I do some meetups out in Mesa and if you have any RE questions on how to get going then just reach out!
Sam M.
Agent commission and making an offer
30 January 2025 | 5 replies
In my market, we're seeing a shift from a pre-agreed upon % to provide to a buyer agent to sellers offering buyer agent compensation but leaving it up to the buyer to request how much.
Abraham Shamosh
Section 8 Questions
9 January 2025 | 4 replies
For each property listed through a Section 8 website, over 100 requests for application are received within the first couple of hours.
Calvin Kwan
Convert Duplex to Triplex in Oakland, CA
28 January 2025 | 8 replies
. --- From the zoning code it says, an RM-2 zoned lot can have "1 unit per 2,500 sf. of lot area"If you don't meet that lot size requirement you'll need to make a request for a variance, then post notice about the desired change in front of the building.
Joe Kim
How to speak to owners/landlords for rental arbitrage
27 January 2025 | 7 replies
However, this has back-fired because it takes time to drive out to the home only to get a firm "NO" to your request.
Alex Woolums
Howdy, blue collar to investor.
20 January 2025 | 12 replies
Would love to connect - sent you a request!
J.P. Coghill
Appfolio On Boarding
15 January 2025 | 8 replies
They’re requesting what feels like an unreasonable amount of information, and the demands keep escalating.So far, they’ve asked for:A video tour of my home officeCredit checks on me and my partnerCopies of the deeds for every property we ownA copy of my partner’s home lease and utility billsBusiness phone billsA signed letter from the bank verifying our accountsBank statementsHonestly, it feels more like qualifying for a loan than trying to become a customer.
Cameron K.
Philadelphia 2024 - Top Hard Money Lenders
27 January 2025 | 8 replies
I sent you a connection request