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?
Rolayne Taylor
New Beginnings 2025
24 January 2025 | 21 replies
After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.
Greg P.
Getting Started. How & What would you do with $750k? Suggestions?
30 January 2025 | 48 replies
However, investing locally has become increasingly unfeasible and unrealistic due to the high costs.
Ashley Smallwood
Keep or remove storage shed??
30 January 2025 | 2 replies
I am leaning toward removal because the floor is run down, the risk of increased pests or feral cats, and there is already a storage closet off the patio.
Brandon Beatty
Value Add Apartment Deal
28 January 2025 | 1 reply
Increasing NOI and value of property by 2M+ Lessons learned?
Kane Spangler
Modular New construction Loan advice
22 January 2025 | 3 replies
I would slow down and think about your BUDGET, what you can get for $30k, and how you can increase your income.
Account Closed
Property managers allowed unsupervised showings, resulting in theft
17 January 2025 | 5 replies
It would take considerable manpower to show every rental and every lead for a large company.
Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).
Kyle Reedstrom
20 Unit Building MTR Conversion
27 January 2025 | 0 replies
We liked the idea of partnership on a bigger project with the specific MTR strategy in order to increase NOI and exit in 3-5 years.
Josh Smith
HOA management in Pigeon Forge
30 January 2025 | 0 replies
This means that not only do we lose the unpaid assessments, but we may also owe the management company the continually increasing pile of late fees.