Adam Michel
First Time Buyer - Off-Market Inheritance Deal
14 January 2025 | 2 replies
I'm looking to purchase my first property with my fiancé (both 25) with the goal being to establish our primary residence together, as well as giving me the opportunity to add equity/value via rehab before moving on and converting the property into a rental within a year or so to kickstart an investment portfolio.An interesting lead that recently came up is my parent's neighbor's house.
Yun Han
Navigating Job Loss, Rental Property Challenges, and Growing Family
27 December 2024 | 4 replies
I own one rental property with a mortgage of $3,400 and rental income of $3,300.
Paola Astrid
Newark NJ Property Management s8
26 December 2024 | 5 replies
New Jersey property management is pretty bad overall.
Michael Mulroy
Rehab and Rent, or Sell?
3 January 2025 | 12 replies
First, estimate what the renovation would cost, how long it would take, and how much extra you could potentially sell the property for once it’s fixed up.
Daniel Chen
Section 179 Question for rental business
4 January 2025 | 11 replies
The vehicle is over 6000 pounds GVWR and will be used nearly entirely for business (going to current rental and searching for new properties to acquire)."
Timothy Lawrence
House Hacking Advice (Washington D.C, Nova, Baltimore Area)
8 January 2025 | 11 replies
I love Mt Ranier, but the property tax rate is crazy.
Basit Siddiqi
Experienced SFH Investor: Next Steps?
19 January 2025 | 1 reply
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?
Chris C.
Anyone have experience with Elite Funding Group LLC
10 January 2025 | 16 replies
@David Matarazzo Did either of you move forward with them for property loans?
Steve Englehart
Cashing out IRA to buy rental properties.
3 January 2025 | 45 replies
Why not use your IRA to just buy the property?
Carolina S.
Capital gains tax vs. 1031 exchange
21 December 2024 | 7 replies
At this time, I'm not looking to invest out of state.Option 2: Pay capital gain taxes and use it to finance my primary property renovations.