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?
Taylor Jernigan
Looking to Connect with Private Real Estate Lenders – Any Recommendations?
6 January 2025 | 3 replies
Due to the creativity of the deal conventional funding is not an option.
Jenna Schulze
Investing in College
4 January 2025 | 4 replies
This is a conventional loan where they also cover your PMI (private mortgage insurance).
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
That is important when considering a conventional conforming loan.
Christopher Morris
House Hacking in NJ
29 December 2024 | 23 replies
Great news, finding the right lender can solve the FHA or conventional problem.
Nick Cooper
Purchase long term with conventional 20% or less down
14 December 2024 | 6 replies
@Nick Cooper you can buy with as little as 15% down on a single unit property with conventional financing.
Robert A. Coloma
Anyone dealt with a company LOANGUYS?
20 January 2025 | 62 replies
Conventional rates start at 5.25% at a 30 year fix.
Darnell Holland
Tear down rebuild numbers
20 January 2025 | 5 replies
Give me a shout if you have questions, but here's the short of it.Best financing is going to be from a bank or a conventional construction loan.
Eli Kim
Maxed DTI. How should I get more properties?
10 January 2025 | 20 replies
If they are CF positive then they will not cohnt against your DTI but will improve it...that's standard conventional guidelines barring a few exceptions.