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?
David Jesperson
Fix and Flip First Experience
17 January 2025 | 5 replies
I felt I had a good head start since I was already a real estate agent and was very comfortable with finding comps and figuring out the ARV.
Tre DeBraga
FHA 203K Loan
22 January 2025 | 4 replies
I have came across the 203k loan where the numbers might work better if I find a good deal but there is alot that comes with the 203k loan and I want to make sure I am heading in the right direction.
Jacob Dalton
Should Cook County be a "No Go" Zone for Single Family Rental Investment?
22 January 2025 | 12 replies
Before finalizing a decision to sell, I thought I’d get some thoughts from the BP forumThe only obvious factor I know to try to head off a problem is to carefully screen applicants.
Michelle Hardy
Should I give my tenant a heads up before sending a 30 day vacate letter?
20 December 2024 | 4 replies
Being a normal person and giving someone a heads up has not bit me, yet.In addition to what the law requires, I always shoot the tenant a heads up either via text, call, or email.If they are mostly responding to email, then shoot them an email.Emojis and gifs work wonders in today's day in age.
Mohamad Taisir Albik
Property insurace cost for duplex
20 January 2025 | 1 reply
Just a heads-up: with the way the insurance market has been here over the past couple of years, this is accurate as of today, but things could look very different (for better or worse) in 6+ months.
Ghita Mueller
my third investment - bought from a wholesaler
24 January 2025 | 3 replies
However I am trying to wrap my head around the mortgage payment of $1700 per month???
Karen F.
Recommendation for inexpensive, durable LVP?
20 January 2025 | 3 replies
Maybe it's in my head but sometimes there are two LVP advertised online with the same thickness, but in real life one feels obviously thinner/thicker.
Noyessie Hubert
Tenant not paid rent, step for eviction
24 January 2025 | 3 replies
My question was should I give her a heads-up?
Tiarnan Gormley
Nearly 18 and need advice on REI while i'm away overseas!!!! HELP!!
24 January 2025 | 23 replies
Prep that if gonna be in London public rest rooms on every corner is not a thing, so empty that "tank" before head out.