All Forum Posts by: Nathan Carter

Osim thanks for your response, I will pass on your contact info to her.  To answer your question she is looking for a flat fee of 10% of the monthly rent collected as the total PM fee.  Thanks, Nathan

Hi Patti, thanks for your thoughts.  Although, I think what she is looking for is not that unusual.  I have properties in two different States handled by PMs that charge a 10% flat fee for their services. 

Hi everyone,

I am looking for a good property manager in Arlington/Alexandria Virginia area. A colleague has a property manger that is charging a lot of extra fees each month.  She wants a PM that will charge a flat 10% without the fees for new leases or extra fees on the cost of repairs.  Thanks in advance for any suggestions.  

Nice job @Noah Evans congratulations on your flip.

Good analysis @Samvel Gevorgyan I think you are right.  I own properties in two of the developing cities you mentioned and see the same thing. But as you said none of us has a crystal ball, but the signs seem positive.

Matt, I could not agree more.  A portfolio of 8-10 class A SFHs are a great retirement plan with a low headache factor.  I also find investing in notes in other markets with slightly higher returns provides some nice additional cash flow without having to deal with any issues of managing tenants.  Cheers, Nathan

Hi James,

I have used TitleOne multiple times in Boise and they have been great.  Best, Nathan

Hi @Taylor Dame and @Dave Foster I am happy to clarify.  When I mentioned the 1031 not being cheaper I was looking a few factors.  This was in Washington DC several years ago and the cost of the process was about $2k.  I believe 1031 fees are about half that now and would likely be cheaper in Boise than DC.  So on a straight fee basis a 1031exchange is less expensive than the refi.  But, I have been able to refi into lower interest rates reducing my cost of capital on the existing property and reducing expenses.  Also, I factored in that if I was not able to find a suitable replacement property in 45 days and also close on the new property in 180 days I would face significant capital gains taxes.  So, considering all of this, I found the refi to be a better option for me.  I think the 1031 exchange is an excellent strategy and one I intend to use in the future, but when I definitely know I have the time to find a suitable replacement property.  Good luck on your decision. Nathan

Hi @Taylor Dame

I have used the cash out refi a few times to buy my next property.  I think it is a great method. I did the due diligence on using a 1031 exchange, but found a refi would be cheaper and give me more flexibility in buying the next deal.  Also if you have a property that is cash flowing and is not giving you any major maintenance issues, I would keep it.   Interest rates on mortagages are still historically quite low so if you can lock in for 30 years to give you a lower monthly payment on your refi, it is probably a good idea.  You will be beating inflation after a few years.  My only caveat is to not over extend yourself with too may purchases right now.  Boise has seen meteoric appreciation since 2011 and prices could dip and you want to also be able to buy as prices are declining.  Just my thoughts.  Nathan

Hi @Megan Faulkner I can certainly related, real estate is a great activity. I have been investing (slowly) in Boise for about 10 years mostly in the north end and in SFH. I find prices now are high and you really have to dig to find deals. As @Tyler Resnick mentioned above you need to use creative acquisition strategies or force appreciate by rehabbing a property.  There are opportunities out there, but they do require some legwork.   Good luck on your search and welcome to the world of real estate investing.