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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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1 February 2025 | 9 replies
Feel free to reach out with any questions, more than happy to help with any questions you may have.
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19 February 2025 | 8 replies
the other one I just had a small 1031 did a tic with one of my long time partners who owned 100 units almost next door ( I brokered him those) so he could have his existing PM take over and we set it up on a 6 year payoff NO cash flow neither of us need cash flow we just want free and clear..
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16 January 2025 | 0 replies
Built in 1905, this property features a total of 2,832 square feet of living space, divided into two units.
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16 February 2025 | 2 replies
Investments are investments- I think everyone understands that there is no guarantee for the return, but many potential benefits including the payout coming tax-free.
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12 February 2025 | 2 replies
It's a free market. - You will finally get a tenant.
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30 January 2025 | 5 replies
Vaughan, did you tell him he said he would do it for free?
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6 February 2025 | 1 reply
.- To utilize the Mills Act requires a few things: An application (not free), inspections, and most importantly a contract with the city in which you promise to rehab and maintain the historic nature of the property.- The inspections are only 5 years, but tenants are not likely to take care of them home as well as you, and refurbishing hardwood, lath and plaster, and anything else is going to be much more expensive than the typical Landlord special (white paint, and grey LVP)It will all come down to making your numbers work.
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9 February 2025 | 2 replies
This is the structure we were looking at which is more of a subsidiary structure and this applies to raw land development: 📌 Structuring Plan1️⃣ Set up a QOF to raise capital from investors.2️⃣ Create a QOZB to handle hotel & parking development (each separate land parcels).3️⃣ QOF owns the land & funds QOZB for development.4️⃣ Raise capital through QOF equity, bank loans, or JV partners.5️⃣ Develop the projects & operate for 10+ years for tax-free gains.
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18 February 2025 | 4 replies
You sound like a free-spirit and sounds like you want to travel and be unburdened....I like the RV idea, as well as the settling in Nashville eventually...