All Forum Posts by: Steven Matz

@Will Gaston It does look like property taxes are really high, I thought it may have been a typo on the proforma.  I can't get this complex to work, I am way off on price.  Thanks for the info.

@Nathan Gesner That is a great list you provided as a checklist.  I am sure many out here will find it useful.  At this point I have always done our own pm, but as I look to scale up things will change.  Obviously any out of town deal will need a quality team. Thanks!

Just starting to look at some duplex townhouse units in North East Columbia. I live about three hours away, so I would need a pm. Also, trying to get a feel for rents and inventory levels.  It does seem that inventory is fairly high, allot of high end units. What do you know about the ne area. These units are located at Winterberry Lane.

Thanks

Looking to connect with a quality Property Management company for apartments we are looking at purchasing in Columbia, SC.  Any help would be greatly appreciated.

Thanks,

Steven

Always a tough decision. Do you want one property or 3 properties? You can always refinance to get cash out later, but there is a cost to that. Figure out your returns on the investment and go with the route that gives the best results. Money is still quite cheap to borrow. My gut would say to use as little of your own money and borrow as much as you can. $150,000 is an awesome start!

This information is very helpful. I have a question about the reverse exchange or a way to avoid the reverse.  My understanding is you have 6 months from the date you close to make the exchange.  So if I have a project that is funded by cash or loan and can be finished before the 6 month time frame can you then utilize the proceeds from the previous sale to in essence "refinance" the project and avoid capital gains?