All Forum Posts by: Nathan Grabau

I am in Longmont, which is a suburb of Boulder. My buyer funnel has never been more full, without me doing any aggressive lead gen. One day a trend not make, but yesterday I have a listing that had a shockingly high number of showings, like 10 days worth of showings, and I also showed a buyer client a property that has been on market for 30 days and now has 3 offers on it. I think seasonality is starting earlier, but if people are starting this early, ahead of inventory bottoming, we could have a pretty crazy spring. 

How much of the cash will you still have after you purchase a new place? You could likely enter into a fund that offers bonus depreciation in year 1 to their investors. You could also buy an or multiple STR's and use the STR bonus depreciation loophole.

You still have taxable events when you sell those, but you can most likely roll those into 1031's. 

If you are looking for a fund that is offering year 1 bonus depreciation, my father in law is involved in a raise for a low income housing company that is using a rule that you can bonus depreciate RV's 80% in year 1. Happy to connect you guys! 

 2-4 unit would count as 1 property. 

LVP at 10-15 a foot installed feels high to me. Kitchen feels about right. Bathroom is not crazy but a little high. I think that part of the deal with building out a contractor base is you are going to get we have not worked with you pricing. As a contractor, we can give people we have relationships with better pricing in part because we know projects are going to go smooth. 

I would budget $12-15 a foot for mid range furnishings. 

At 150 beds and a level III trauma center, I am not sure that this is going to draw a huge number of traveling nurses. When I look at Paris, TX unemployment data, it appears to have a pretty above average unemployment. This would be a red flag for me for appreciation and demand for traveling nurses. 

Generally speaking, for traveling nurses 1-2 bedroom units are ideal. That being said, our MTR is 4 bedrooms, and do not have occupancy issues. We currently have a family in the home who's house sustained fire damage when their neighbor had a firework explosion. 

At 24k people, and being the county seat, I think you probably want to find a larger population area for a rent by the room strategy. 

Attorney is one track. I would ask your broker to talk to their managing broker about what they should do, you can ask to be involved with this meeting. Bringing some more firepower into the equation will not hurt you. I would ask something like "what have other people in your office said about this situation, has your managing broker given you any advice on what we need to do?" 

Quest CPA out of Highlands Ranch is great! 

Quest CPA out of Highlands Ranch is great. 

This is not unrealistic at all, but I would not hold yourself to it. 10 years ago the 1% and 2% rule were just being talked about and now the market looks radically different. I would just take it 1 day at a time and do the next right thing.  

There are easier ways to do this. My lender offers a bridge product that makes your a cash buyer for less money than a HM lender is going to charge, then establishes a convention loan after the transaction closes. It is my understanding that many lenders have products like this, but I am happy to get you in touch with mine if you are in Colorado!