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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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3 February 2025 | 8 replies
Most of the time, an ADU will cost 100k just for that part and then you have to actually build the cosmetic part for an additional 40-50k.
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3 February 2025 | 25 replies
I’ve run into this many times on deals I acquired and rehabbed utilizing hard money.
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5 February 2025 | 8 replies
So knowing your numbers before looking at properties is huge or bring your contractor with you when you look at properties so as to not waste any time!
31 January 2025 | 6 replies
On Auction.com properties, it reads that it requires 100% funds due at a time of sale in cashier’s check, but time of sale is a little unclear for me.
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5 February 2025 | 1 reply
If you can't identify why an investor would want to buy it - you'll likely have a hard time moving it
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8 February 2025 | 3 replies
Old lists which are on the mentioned platforms practically guarantees saturation and others already having reached out and made offers/solutions because all your competitors are getting the same leads and at the same time.
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4 February 2025 | 6 replies
First time reading this term.
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3 February 2025 | 8 replies
Reducing risk requires at least some time spent in research and involvement in a deal.There are many other things you learn along the way as well.