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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?
Tre DeBraga FHA 203K Loan
28 January 2025 | 5 replies
You have to put 5% down vs 3.5% down, rates are usually higher, but if you have strong credit, your PMI cost can be cheaper than that of FHA loans. 
Brooke Carlton 2.25% Interest Rate - Assumable Mortgage, down payment gap over $200k
22 January 2025 | 13 replies
The issue is the down payment is over $250k and no one has that or is willing to fork over that amount.
Mike Levene Most efficient source to pull funds from for a down payment?
23 January 2025 | 7 replies
I'll be in the market for a duplex/triplex in the $400k range that I will owner occupy and use a 5% down loan.
Nevin Wilkie Where to find Owner Phone Number for Run Down or Abandon Properties?
21 January 2025 | 8 replies
I have recently started writing down addresses of run down or abandoned properties that I would like to purchase, but I only have the owner's name.
Davis Barnes South Carolina Investors
29 January 2025 | 59 replies
 I am looking for any local investor's, property managers, and agents  down in SC.
Paige Seeley Funding for a portion of a down payment
15 January 2025 | 6 replies
Quote from @Paige Seeley: @Jay Hurst even with 20% down, what non conventional options are you talking about? 
Clarase Mika Did You Know You Can Purchase Property in Germany With Only 5-10% Down?
24 January 2025 | 0 replies
It's possible to buy property in Germany with as little as 5-10% down, making it an attractive option for service members and civilian government employees stationed there or planning to settle.
Jeffrey Bourque Found a Deal but Not Sure
27 January 2025 | 7 replies
Quote from @Jeffrey Bourque: Hello All, I am new and this is my first attempt at purchasing a property with the intent to create monthly cash flow.The property: Triplex Listed at $140,000 - Total monthly rent income $2,150 - Tenants want to stay and are all willing to sign new leases for 3 years - 8 beds 5 baths and 3,500sqft livable space on a 4,800sqft lot - Heat and electric paid by tenants and water trash paid by owner $180 month - I have managed to talk the selling price down to $105,000 with a kick of $10,000 for closing and commissions so $115,000 all in - Building is in fairly good shape according to pictures and questions but have not done a inspection yet - some general maintenance repairs are needed according to the seller but nothing that seems to bother the tenants. - Taxes are on the higher side at $6,000 yearMy Numbers: $115,000 putting 20% of my money $23,000 and finance the rest with total expense of $1,834Monthly expense numbers: Future Maintenance 13% $273 - Vacancy 5% $105 - Property Insurance 5% $105 - Property Taxes 23% $500 - Property management 10% $215 - Office/Travel/Legal 4% $84 - Mortgage 26% $552 - Monthly Cash Flow - $316 per month or $3,792 per year so Cash on Cash = 17%I think this looks like it is a deal worth doing and I also believe I can bump the total rent up by $50 each tenant which I think make it even better.
Jordyn Ohs Best way to pay down or off a Heloc
16 January 2025 | 2 replies
@Jordyn Ohs Assuming your heloc is re-advanceable and the rate is higher than your mortgage, I would suggest you pay your HELOC down as quickly as possible with any cash flow from the properties.