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31 January 2025 | 6 replies
It ended up being an easy fix, getting steel braces installed for about $6000.
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8 February 2025 | 12 replies
@AJ ExnerAJ,Follow-Up Question: So to a DSCR lender seasoning starts when the property is bought.
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3 February 2025 | 5 replies
The last few years have been great for investors/homebuyers who bought pre-con, but looking back to the few years after the 2014/15 boom, this wasn't the case, where many had actually committed to buying a property that wasn't quite worth what they signed up for closer to closing because the appraisal weren't matching the contract price, requiring a cash top-up.
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3 February 2025 | 15 replies
Quote from @Nicole Heasley Beitenman: I'm coming up on my first year of operating an MTR.
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28 December 2024 | 19 replies
I hit up a local wine distributor and pickup wine boxes (wooden ones) they give away to anyone who wants them.
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5 February 2025 | 0 replies
-Transfer the property into an LLC – This may allow me to take ownership while potentially avoiding property tax reassessment, however this sounds like an involved process-Establish a living trust for my aunt and mother – The trust would specify that I inherit the property upon their passing and provide step up in cost basis but i'm worried that the living trust can be modified to have me removed (who knows what can happen) - My mother is somewhat volatile.I would like to live in the property and my mother will live in her second property with her husband.
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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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22 December 2024 | 23 replies
He's had two successful flips so far and after this third one he's looking to pay off the HELOC and roll the profits into his future flips.
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4 February 2025 | 3 replies
I have only 3 doors that I manage so not a big time player so wanted to start with some cheaper software and I heard on the podcasts that RentRedi was included in my pro membership so I signed up.
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30 January 2025 | 13 replies
I have one lender that will go up to 85% but need 720 credit or better and 1.25 DSCR no rural areas