
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?

21 January 2025 | 1 reply
Hello Jorge,In my 25+ years as a real estate broker specializing in multi-family sales, I've only had to challenge an appraisal once.

23 January 2025 | 3 replies
The interest rate isn't that huge of a difference between the 15 and 30 so worst case scenario if you have the 30 year option is you start paying it down on a 15 year timeline - sure you'll pay a little more in interest over the 15 years, but it will have been worth it if you bought another house.

17 January 2025 | 23 replies
As has been mentioned, try to find a way to keep as your primary for 2 years, and all gains are tax free at the sale.

22 January 2025 | 13 replies
I have a property listed for sale in Goodyear, AZ and it carries a 2.25% interest rate.

11 January 2025 | 7 replies
Since I'm taking such a cash hit, I asked the sellers agent if they would be able to designate some portion of the sale price ($200k?)

24 January 2025 | 3 replies
And, it's amazing how many closing costs are junk fees that we as investors need to pushback on paying for ourselves and our clients.

16 January 2025 | 10 replies
It will depend on where you are doing your deals and what the liability is that follows you after a sale.

7 February 2025 | 14 replies
Sure don't do the renovation, rent it for 200/m less, and maybe that 30k investment won't pay off until year 10, but you're still investing back into your property, improving it and adding value.

23 January 2025 | 5 replies
I also pay my mortgage for the house I live in.