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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 | 9 replies
Acquiring clients - You need to spend money and a lot of it typically.
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21 February 2025 | 13 replies
Builder/Investors, what are you spending per sqft?
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21 February 2025 | 250 replies
Reduction in government spending by 80%.
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13 February 2025 | 8 replies
I suggest consulting with a real estate attorney to ensure proper structuring of the LLC/land trust and review the tax and insurance implications.
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5 February 2025 | 6 replies
That is dissapointing that they did not vet the people they would be spending hours and hours touring properties.
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4 February 2025 | 4 replies
The few times I called the office, they were always happy to spend time talking.
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1 February 2025 | 5 replies
And an additional appraisal review ( like an AVM or BPO)
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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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20 February 2025 | 25 replies
They are not always happy about spending money, but thank me when I get a higher selling price than what they expected.