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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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29 January 2025 | 27 replies
But there are tons of areas where you can buy that are not in an HOA.
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20 February 2025 | 10 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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23 February 2025 | 26 replies
Buy a sofa and keep the sofa bed to keep the extra-capacity, at the risk of cluttering the living room too much?
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30 January 2025 | 1 reply
This is especially true if you're trying to buy in the best location possible.
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31 January 2025 | 3 replies
Investment Info:Single-family residence buy & hold investment in Oceanville.
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2 February 2025 | 14 replies
Probably buy during hurricane season (now) to get the best deal.
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20 February 2025 | 10 replies
Because later on, if you want to get a business line of credit, apply for grants, or pivot into a different industry (like buying an ice cream truck—hey, life happens), you can use the same LLC without lenders or banks assuming you're only doing risky real estate deals.
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11 February 2025 | 6 replies
Buy the property with seller finance & finish it up.Tahoe is a great short rental area
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29 January 2025 | 14 replies
It's also rare you buy these properties with 20-25% and have NOTHING you need to address almost immediately in terms of repairs or capex.