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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?
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14 February 2025 | 4 replies
How can I build my credit and financial profile to qualify for loans?
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13 February 2025 | 0 replies
A rental market analysis can reveal demand trends.Secure Financing: Lenders offers tailored loan programs for multi-family, mixed-use, or fix-and-flip projects.
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16 January 2025 | 2 replies
Freddie Mac only offers financing for single properties they do not offer 'Portfolio loans" meaning bundle them all into one loan.
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31 January 2025 | 0 replies
There will be no assessment for increase in taxes or insurance so remains at $1935.
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19 February 2025 | 22 replies
I know in Columbus a lot of community banks are doing loans on 2-20 units.
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12 February 2025 | 0 replies
Conventional loan with a 20% down payment.
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12 February 2025 | 5 replies
I forget It was likely a mix of private and traditional loans I just don't recall to be honest nothing illegal.
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27 January 2025 | 3 replies
-Management is low - you'll need at least 10% plus leasing costs - typically a month's rent for each lease-up, and sometimes a renewal fee as well-Insurance seems low-Are taxes accurate?
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27 January 2025 | 11 replies
You want an investment that pays for itself, including mortgage, taxes, insurance, maintenance, and even some money set aside for a reserve to cover vacancies and capital expenditures.