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25 January 2025 | 0 replies
Purchase price: $450,000 Cash invested: $450,000 Centrally located near Shopping, Entertainment, Transportation and much more.
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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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13 February 2025 | 10 replies
Meeting its standards makes these loans eligible to be purchased by either Fannie Mae or Freddie Mac.
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24 January 2025 | 5 replies
But you have to purchase new investment property of at least as much as your net sale to avoid tax.
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27 January 2025 | 2 replies
Hence, to reiterate the reason for adequate research before purchasing a property.
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23 January 2025 | 6 replies
Quote from @Armani Diaz: Hello, I just purchased a rental property duplex through wholesaler.
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9 January 2025 | 4 replies
This will give you a great starting point in determining rent for your underwriting!
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8 February 2025 | 42 replies
@Kaleb JohnsonRecommend 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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10 February 2025 | 24 replies
Looking at making a purchase of a 3 family, was curious if anyone knew the section 8 process.
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24 January 2025 | 0 replies
Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.