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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 January 2025 | 12 replies
When you add that: "The downpayment and closing costs would be one large hurdle"; I can't tell if you can only afford to do this once (thus tying up whatever you have saved) or multiple times.
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29 January 2025 | 7 replies
Theyre out there, but they are largely impractical and not viable except in the most profitable deals.
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2 February 2025 | 20 replies
For example, the market in Pigeon Forge is overrun with large cabins.
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18 January 2025 | 7 replies
Many of the people that come are members of Lifestyles Unlimited so they sometimes talk about upcoming events for members only, but the meeting is open to everyone and they share some excellent information.
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27 January 2025 | 15 replies
For example, I own two large multifamily buildings, and when I tried to get a tax exemption for them, I had different experiences.
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16 January 2025 | 7 replies
I have recently worked with a company that has an excellent offer.
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24 January 2025 | 7 replies
(For context, it's a 2700 sf 4 bd 3 bath house in an upscale Northern California suburb.)Kitchen A: Traditional, features a 48 in fridge, 36 in cooktop, window sink (no view), pantry.Kitchen B: Designer, features a 60 in fridge, 48 in range, large kitchen window (no view), sink facing living/dining room; unfortunately no pantryKitchen C: A Little Bit of Both, features a 48 in fridge, 48 in range, sink facing living/dining room, pantry, unfortunately there's no window.Total countertop space is roughly the same (22 ft) in all three layouts.
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27 January 2025 | 56 replies
The last time I stayed in one, I was charged a large cleaning fee and then met with a list of what to clean prior to us leaving.
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19 January 2025 | 55 replies
None of those "notifications" they say they'll send every make it to my phone because it's not really an app, it's just a website as an app.