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25 January 2025 | 26 replies
If you are going to focus on listings only list ones that are priced well to sell before spending your money.
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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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16 February 2025 | 26 replies
I currently have about $50k in cash and am looking to spend no more than $250k on my first property (less depending on the area, number of units, etc.), inclusive of any renovation costs.
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22 February 2025 | 18 replies
Sounds like we are in the same boat with a handyman :) And to @Jonathan Klemm point, I have to weigh the mental capacity of handling issues remote versus spending time with family.
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23 February 2025 | 8 replies
We are firmly in the performing note camp and spend only a handful of hours on each loan from beginning to end.
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7 February 2025 | 12 replies
If you are building on your own existing lot, you are sacrificing privacy for sure, but if you are comfortable with that in this stage of your life its a good way to maximize what you already have than trying to go to market and spending over $1M on a decent duplex.
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1 February 2025 | 12 replies
No, taking out a HELOC and spending it does not reduce your taxable capital gain when selling your home.
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12 February 2025 | 6 replies
We only work with investors who take the steps to get pre-qualified and spend a bit of time getting to know our company and allowing us to get to know them.
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19 February 2025 | 26 replies
Monitor your spending habits to make sure you’re consistently putting money aside for both the short-term and long-term costs of real estate.
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1 February 2025 | 1 reply
This allows the Board to spend the funds on anything, and if they do, the owners would need to restock the reserves!