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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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4 February 2025 | 31 replies
Quote from @Adam Sieg: I’ve used all but the only company I continue to buy through is R2R.
20 February 2025 | 5 replies
I would eat the costs and fix the yard and either install a sprinkler or pay a PM company to water it.
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20 February 2025 | 3 replies
Are there any good property management companies that are familiar with Section 8?
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18 January 2025 | 5 replies
If you are using STR, REPS, or self rental with material participation to convert to active or nonpassive income, you do not have to do this if you have passive business invesment that produce passive income that will exceed the loss generated by depreciation.
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4 February 2025 | 2 replies
This will be some management company, right?
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12 February 2025 | 8 replies
It's an amazing market here with so much incoming growth due to population growth, job growth, and companies moving/developing here!
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6 February 2025 | 4 replies
I got a quote from Ackerman today for to install a fairly basic alarm system for $700.Any suggestions on alarm companies in Atlanta.
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30 January 2025 | 6 replies
You could also use "Doug's LLC and/or assigns" where Doug's LLC is your hypothetical company.As for the assignment contract, you can get one from an attorney for probably less than $1,000, you can also make a friend at a title company, they probably have a template they could give you.