3rd BRRRR Property in Boise/Meridian

[Ryan Weimer]

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $205,179
Cash invested: $22,632

Contributors:
Corby Goade

My 3rd BRRRR property in Boise to date - this one had an unpermitted finished bonus room. This sq footage was not accounted for in the listing. With some extra rehab measures and working with the city, I was able to get an extra 261sqft of additional footprint approved. Now it is occupied by another great tenant at $1600/month! Reach out to me for additional questions or detail.

[Ryan Weimer]

@Jordan Rundell thanks appreciate it!

@Nasir Cureton Yes I do but Boise has such an extreme shortage of supply in the MF space it is compressing returns and value add opportunities.  Additionally because of double digit price appreciation last few years the space is competitive.  A lot of work but not impossible