@Merrick Hidalgo If your private REIT investment is returning only 10% of the principal and the remaining 90% is likely lost, the key factor in claiming a capital loss is when the loss is realized for tax purposes.

Hey Matt,I’ve been investing and managing properties for over 20 years, and choosing the right market is key—especially as a new investor.

Definitely something to clarify upfront...If you’re replacing with another restaurant, it should be an easier transition since the setup is already in place.Your biggest risk is vacancy $450K/year is solid, but if you ever need a new tenant,  ensuring the lease rate is sustainable is key! 

@Sakshum Kulshrestha The key to the rental license in Philadelphia is ensuring the properties zoning allows the use.

Additionally, we have developed templates for tracking key metrics that we require our PMs to fill out weekly. 

I bought this property as a brand-new turn-key property in December 2022 (3bed & 2bath-1544 sq-ft).

Any tips on finding qualified (key word) borrowers in my local area?

Yes, the 1% rule is getting harder, but hopefully rent prices will continue to increase as they have been trending.

Furthermore, it aligns with the growing trend of home improvements that enhance daily living while maximizing investment returns.

The key is to get in early and not too late.