All Forum Posts by: Molly Arnott

April's BREIN Meetup Is Just Around the Corner!

After a fantastic meetup last month, we're all charged up and excited for this month's meetup! It doesn't matter if you're a real estate guru or if "escrow" sounds like a new social media app to you; our meetups are the ideal spot for making connections, swapping pro tips, and discovering the goldmine in properties.

This month, we're keeping the momentum going with even more savvy investor talk, blooming opportunities, and deep-dive discussions. It's all about getting together in a chill environment, breaking down deals, and transforming insights into real-world action plans.

Mark  down Wednesday, April 17th, for an evening filled with learning, networking, and maybe a little fun thrown into the mix. Excited to see the regulars and super excited to welcome newcomers into our vibrant community!It's a free event, but do us a solid and RSVP here!

Our Idaho properties continue to treat us well, paying us in both equity and cash flow!

Hey Daniel, welcome back! You mentioned printing mailers, what investing strategy are you focused on pursuing? Will you be wholesaling, BRRRR'ing, buy and hold, flipping, local or out of state, etc? Depending on the strategy I wouldn't worry too much about LLC's and structures right out the gate. If you've already got a couple properties then definitely worth getting started on that, but not usually a priority for your first steps. I know plenty of investors who have a 10+ property portfolio and still haven't set up their LLC's and structures. Definitely not advisable but point being that going out and getting the deals, and taking action in that way should be the top priority. Definitely join us at some meetups and start networking with those are doing exactly what you want to be doing so you can learn and follow in their footsteps! Reach out if you'd like to grab coffee and talk shop!

Shoot, thanks for bringing that to my attention Daniel. It was last week on the 20th. We're always the third wednesday of the month, same time and place. Sorry looks like I entered it wrong here and hope you can join us next month!!

Have you explored the idea of purchasing that hobby farm you're dreaming of with a minimum down payment? Obviously it'll be dependent on qualifying but here's a scenario you could consider....

Buy the property for $500k with 5% down ($25k) using your HELOC or other funds if you've got them. Your mortgage is going to be around $3700. Use the remaining funds to fix up your new place and also build or buy a tiny home on the property. If you do it right, make it special, you can airbnb the tiny house as a unique experience on a small hobby farm. I've seen these in our valley make $1000-2000/mo depending on location and how it's set up. There's no reason you can't find a way to house-hack your hobby farm. The other option is looking for a property larger enough and set up for horses. Horse boarding can be very profitable and be another way to "house-hack". There's so many out of the box ways to get to your goals. Reach out if you want to sit down and grab coffee and throw some ideas around.

Also, as a new investor we'd love to have you join us at our local investor meetups. Last week we practiced underwriting 3 different kinds of deals together, often we're going over goals, or spit balling ideas. Would love to have you! We post them here, or if you find me on FB or IG I'm always posting reminders. Look forward to connecting!

🌼 Spring into Action with the March Boise Real Estate Investor Network Meetup! 🌼

What a fantastic start to the year we had last month! 🎉 Big thanks to everyone who joined us for our first official meetup of 2024 - your energy and insights set the bar high, and we're just getting warmed up!

This March, we're ready to take it up a notch! 🚀 Whether you're a seasoned investor or just dipping your toes into the world of real estate, our monthly meetups are the perfect spot to foster connections, share wisdom, and uncover the potential in every property.

🌱 Join us this month as we continue to cultivate our community garden of savvy investors, blooming opportunities, and fruitful discussions. If you thought February was insightful, just wait until you see what we have planned for March!

Our meetups offer a relaxed yet intimate setting where deals aren't just discussed - they're dissected, understood, and transformed into actionable strategies. 🏡💡

Be sure to circle Wednesday, March 20th in your calendar and get ready for an evening of learning, networking, and growth. Can't wait to see all your smiling faces again and welcome new members into our thriving community.

As always, this is a free event but please RSVP so that we can get an accurate headcount: rsvp here

You'll want to connect with Katee Dodge at TitleOne! She's experienced with creative deals and wholesale transactions. And start networking like crazy. We'd love to see you at some of our local meetups! You can check the boiserein.com page for info about our events and education etc. Reach out anytime if I can be a resource or get you connected with others.

Hey Lance, welcome!! I'm based in the Boise area so we're a little far apart. But I've got some great contacts out there if you need help finding a meetup and investor contacts!

Hey Timothy! Starting on BP forums is great place to start and networking locally! It's true that our market has become more and more difficult to gain cash flow but not impossible and many strategies to consider.  Sometimes local doesn't align with your personal goals. We own both local and out of state investments because that makes the most sense for our personal aspirations. I'd be happy to sit down for coffee and chat about your goals & skillsets, maybe I can send you in the right direction for your first investment. You can also check out some of our local investment networking opportunities on this website boiserein.com/events  You'll see the one I host pop up probably next week since you just missed it, it's the third weds of every month. Hope to meet you soon!

Welcome Cooper! What are your goals with beginning out investing? Are you hoping to gain long term appreciation, cash flow, or a blend of both? Depending on your main goal it'll drive your movements. The Boise Idaho market has become an incredible appreciation market with cash flow becoming increasingly difficult to find, but not impossible. Value add opportunities exist within Boise city limits recently changing their laws around adding an ADU to a rental property. Multi-unit properties can still gain some great cash flow and of course, creative finance deals can make a real difference in getting cash flow as well. Don't hesitate to reach out if you'd like to chat and go over your goals together!