Refinanced in 2023 and cashed out $40,000 to reinvest○ Address -  Mount Laurel NJ. 05054○ Managed by a property manager.○ Purchase Date - 10-15-2020○ Purchase Price - $230,000○ Original CoC 4.8%○ Current CoC 15.04%○ Current Value - $400,000How did you finance this deal?

We own the listing and self manage.

Have you considered investing in any other markets and how you plan to manage the property? 

Looking for a local connection with experience or network within construction management field that has done a development deal or know someone that has.

It's way easier when you have a turnover.My wife could manage this and she's hands off with the tenants. 

Quote from @Anshuman Thakur: Can someone please shed some light on how- convert 401k to SD IRA- how to use SDIRA to buy properties- how much down payment is typically required if we are using SDiRA to only fund downpayment on a multifamily CRE, and which banks typically work with SDIRAs- how does LLC structure- property management and cash flow work in this situation?

As stated on their gov website: “FHFA is responsible for the overall management of Fannie Mae and Freddie Mac and has informed the Enterprises which decision-making functions should be performed by the Enterprises' boards of directors and/or management teams.

The property sold for $154,900 on 2/7/25, delivering a successful outcome thanks to strategic updates and efficient project management.

Question... how do you see yourself in relationship to the financial management of your rental business? 

I already have RentRedi for managing the property.