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Results (10,000+)
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?
Shiloh Lundahl Sell me on the benefits of Turnkey Properties
5 February 2025 | 29 replies
. - The money partner doesn’t need to worry about the financing or keeping the debt in their name which may reduce risk for the money partner.Long-term tenant to reduce turnover.
Kiley Costa Pay Off STR or Invest in Another Property?
11 January 2025 | 9 replies
I find that depending on the market $300-500/mo are fairly normal and if compared to what you would pay with a single family home on some utilities, maintenance, and management, it's a good deal.
John ONeill What Makes a Contractor Truly Great? Let’s Chat!
18 January 2025 | 2 replies
I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).
Zachary Kotiadis *Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
If this job popped up out of the blue, your intent was not to move within the 1st year, so you may be ok.If you are planning on building a portfolio of homes, it is safest to stick in your home for 12 months to reduce the appearance of potential fraud. 
Shiloh Lundahl Who else feels like the last two years you got punched in the face by Real Estate?
5 February 2025 | 5 replies
Matter of fact they should not reduce interest rates because that will fuel inflation.  
Robert Spiegel Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
My lease requires professional carpet cleaning, which would cost more than $500 for a home of that size.Yes, it's reasonable to reduce the cost because she was such a long-term tenant.
Nilusha Jayasinghe Property reserves and personal efund locations
16 January 2025 | 12 replies
Are you able to reduce your expenses quickly and easily if needed?
Benjamin Bieber Rent to Retirement
30 January 2025 | 2 replies
We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.
James Jones New Investor Scaling Through Care Homes and Assisted Living
20 January 2025 | 10 replies
Twenty of the the homes were BRRRR and two were full conversions from single-family to assisted living.