All Forum Posts by: Bart Rall

Congrats Nathan!!

We refinanced back in March to a 30 yr @ 3.25.  Now that rates are even lower, we're looking lower our rate even more.  Who do you know that offers competitive rates in the mid 2's with low closing costs?  TIA,

I'll be in town in October and would love some feedback and possibly meeting up. I lived there for 3 years while in school and looking at getting invested there with a MF or SF. What are the pros and cons? Who are your preferred contractors and other team members? I'm also open to partnering with someone on something, have a good HELOC to draw from. Teamwork makes the dream work. Let's do this! Hit me up.

@David Pere yes we’ve been here for 5 years. Thanks for your feedback.

@Brant Richardson

New market would be Phoenix and yes would be there for 5 years

@Brant Richardson.

Would be refinancing if we stayed to a 3.0% mortgage where our total monthly mortgage with property taxes and insurance would be 2256 a month and we could get 3600-3700 maybe 3800 (I would think this would be the top) I think from rent. We have a friend who does property management and she would charge us 8% to start for our first couple years and then move to 10% (I think that’s pretty standard correct?). I haven’t budgeted for anything else. But I would think the tenant would pay water and electricity. I would be paying for trash and sewage correct? That would be an average of around 60 bucks a month or so. You mentioned maintenance, how much should I be setting aside for that?

Thanks Frank

Hi Everyone.  New to biggerpockets. Here's a situation I'm hoping  I can get some feedback on.  

Our mortgage balance is around 391K.  Live in fairly stable community with some military presence.  Contemplating selling our home and taking approx 220k we have in equity (after closing costs) to move to another part of country and take a different job VS keeping home and renting out (hopefully to military) and could safely clear (after property management fees) around 1000-1200 a month.  

On one hand, we would have 220k to do something (possibilities are endless) in another part of country (cheaper costs of living).  

On the other we would have a great investment property (having good cash flow) in a beautiful part of the country where we (if we kept) we would definitely retire to, or at least spend a good part of the year in.  

What would you do?  What are some things that maybe I haven't considered?  Thanks for your advice everyone.  

I'm new to the biggerpockets website,  and have not done an real estate investement yet.  Seeking advice, where is the place on the websites or forums to pose a question or two, without getting lost in one particular thread?