John Williams
Maximizing Returns on Your Rental Property
10 January 2025 | 5 replies
In my opinion, it is better to get a property rented quickly (even if it means reduced rent) than it is to get it rented for the highest amount possible.
Charlie Loomis
From Master Metered to Indivdual
19 January 2025 | 6 replies
Has really reduced our water bills since we installed them.
Caryn Fischer
Tax question with selling a house
22 January 2025 | 4 replies
Selling at FMV avoids the gift tax but provides your child with a higher tax basis, reducing their future capital gains liability.A better strategy for selling below FMV is to sell the house at FMV on an installment note, then forgive interest and principal annually up to the gift tax exclusion amount.
Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
They already lost some major players due to the state capping rates https://www.foxbusiness.com/lifestyle/california-insurance-c... will all insurance companies stop coverage, raise rates or reduce what they cover?
Bob Willis
DSCR for acquisition of existing PadSplit
16 January 2025 | 21 replies
If the market rents do not cover the mortgage, you may do a no ratio DSCR for a higher rate/reduced LTV Which most likely the 1007 will be nowhere near the revenue generated by a PadSplit operation.
Victor Adekunle
3 Simple Funnel Hacks to Help Wholesalers Generate More Leads and Close Bigger Deals!
9 January 2025 | 0 replies
Day 7: "Here’s a case study showing how we helped [Client Name] reduce costs by [X%]."
Benjamin Ying
First time investor needing some confidence!
29 January 2025 | 18 replies
Before the 1% "rule" there was the 2% "rule" that then got reduced as the market changed.
Damon Diddit
Inheriting a problem tenant after closing
28 January 2025 | 5 replies
I know this is above and beyond what most municipalities require, but being fair will make the whole process easier.Additionally, a new landlord can reduce the 60-90-day notice by offering more moving assistance (cash and/or labor) if they move sooner rather than later.
Basit Siddiqi
Experienced SFH Investor: Next Steps?
21 January 2025 | 6 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?
Kolby Knickerbocker
should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
Diversifying your portfolio could reduce risk and improve overall returns.Higher Cash Flow Potential: If you redeploy the equity into markets with higher cash-on-cash returns, you could significantly increase your monthly cash flow.