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Results (10,000+)
Basit Siddiqi Experienced SFH Investor: Next Steps?
30 January 2025 | 7 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?
Fetch Phoenix Bought in a Fire Prone Area, should we sell and consider renting?
1 February 2025 | 7 replies
The home burns and the incredibly over taxed CA FAIR plan has either gone bankrupt or takes years to pay out.2.
Damon Diddit Inheriting a problem tenant after closing
31 January 2025 | 8 replies
As long  the tenants pay the rent each month, increasing their rent will be very tough and getting them to leave will be extremely tough. 
Simon Packman Multi Family insurance
30 January 2025 | 8 replies
@Simon Packman Not sure where you’re located but I have Vermont Mutual in Northern New England for most of my properties and the most I’m paying for any of them is around $4400.
Mark S. preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
To be clear, you are not paying off the 80K mortgage.
Ian Kibbe Finishing Basement - Considerations - Addtl unit or Duplex?
12 February 2025 | 27 replies
If you are prepared for the costs involved and the modifications needed to the property to make the basement unit conform, the pay off of creating an extra rent producing unit is huge. 
Christopher Heidrich Stuck in analysis paralysis and in the Military
27 January 2025 | 3 replies
On the other hand, I’m hesitant to simply pay down more of a property, as we don’t need the immediate cash flow.Fortunately, both my wife’s job and mine are recession-proof, which allows us to be a bit more aggressive with our investments.I’d really appreciate advice from investors who have experience with frequent moves or military service.
David Naphy Cash out Refi or wait
23 January 2025 | 7 replies
paying mgt any landscape/snow/utilities?
Philip Beckwith Appealing property taxes
27 January 2025 | 15 replies
It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.I was making an offer on a house a couple years ago and discovered that the owner was paying taxes on an additional house that was on the neighbors lot and didn't know it!
Argel Algura Out of state investing and creative deal making as a newbie investor 1 year in
30 January 2025 | 5 replies
I know you want to go full time and jump in, but I'd recommend staying with your day job as long as you can - it makes your life a lot more comfortable to have a steady stream of income to pay the bills every month!