All Forum Posts by: Molly Arnott

Hey Michael, I'd love to sit down with you two for coffee and chat investments! My husband and I have been investing for 15 years and love this business. I also host a local Real Estate Investor meetup once a month in Boise it would be great to have you join. We meet every third Wednesday of every month at Cafe Ole, Boise (near the mall) 6-7:30pm. Feel free to reach out and we can set up a time to get together.

Hey Jack! Have you poked around the Boise Idaho area? We're not too far, have an ENORMOURS WA expat community for all the reasons you mentioned. Unfortunately with the way interest rates are, and purchases prices, single family homes don't really cash flow anymore. But if you're doing 1031's and putting more down were a solid option. We achieve cash flow with multi-unit, a good balance of appreciation, and have some of the landlord friendliest laws around. We own both long term and short term rentals locally after cashing out on CA real estate in 2020 and moving here. Never looked back and the best decision of my life! Reach out if I can help in any way!

Hey Trent,

Couple things come to mind for me reading about your situation. Making $25k over summer concerns me based on the estimated value of your home. My $500k meridian homes make $25k over the summer each year, summer is our high season so the rest of the months don't compare. If you short term rented the home year round, I'd be trying to figure out if it's even profitable? By my estimates I'm nervous it wouldn't be. And you have significant capital locked up in that home. So that leads me to the question, what are your goals? I like living in nice houses, don't get me wrong. But we down sized when we got serious about our investing journey. Is your goal long term appreciation? Or cash flow? Drilling down your specific goals will help guide you in making your next moves. I'm a goal setting junkie so reach out if you guys want to grab coffee and talk shop :)

After a brief winter hibernation (thanks, weather!), we're THRILLED to announce our first meetup of the new year is scheduled for February 21st at 6pm at Cafe Ole Boise!

This February, we're dusting off the holiday cobwebs and warming up from the winter chill to bring back the vibrant energy of our community. Our monthly meetups are all about creating a cozy, welcoming space where we, the passionate investors of Boise, gather 'round the table to dive deep into the nitty-gritty of real estate deals, together.Whether you've been with us from the start or you're looking to join your first session, we promise a night filled with insightful deal breakdowns, invaluable advice, and, of course, the chance to connect with fellow real estate investor enthusiasts who share your passion and drive.So, mark your calendars, and let's kick off this year with momentum, knowledge-sharing, and maybe a little bit of that laid-back Idaho charm we all know and love.

Can't wait to see all your familiar faces, and hopefully some new ones too, as we make 2024 a landmark year for our investments and our community. Let's make it the best meetup yet!

Please RSVP here!

#Boise #BREIN #BackInAction #RealEstateInvesting #Opportunity #Networking #PropertyInvestment #RealEstateGoals #WealthBuilding #MakingConnections #FinancialFreedom #IncomeProperty #MillionaireMindset #PassiveIncome

Hey Nick! Welcome, so glad to connect with another local investor. I'm going to shoot you a message about our local meetup and hope to connect more soon!

Exciting News! The Boise Real Estate Investor Network is back in action! Join us Wednesday, January 17th for our first meetup after the holiday break. Whether you're a seasoned investor or just curious about navigating today's dynamic real estate market, this is the perfect opportunity for you. Network with fellow enthusiasts, gain insights from experienced investors, and build valuable connections. Don't worry if you're new to investing – no prior experience is necessary. Let's explore the possibilities together! This event is free but please RSVP so that we can get an accurate headcount. See you there!

Please RSVP here!

November's here and so is our monthly Boise REIN meetup!Come hang out, chat about investing, and meet some awesome folks from our community. Whether you're looking for advice or just want to make some new friends in the industry, we've got you covered. Pop over to www.BoiseREIN.com/events to RSVP. Can't wait to catch up!

Join our monthly meetup, where we cultivate connections and provide support within our investor community. Whether you're in search of guidance or interested in forging valuable partnerships, this meetup serves as the ideal platform to expand your network! Please RSVP at www.BoiseREIN.com/events --See you there!

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $289,000
Cash invested: $75,000

We bought a second short term rental in Lincoln. We've got an amazing team out there and it's been working out pretty darn well.

What made you interested in investing in this type of deal?

We really enjoy owning short term rentals! After quite a bit of research we decided to pull the trigger on buying the first home in Nebraska in March, but when this one popped up we knew it would also do well.

How did you find this deal and how did you negotiate it?

MLS, with our realtor.

How did you finance this deal?

Local bank did a commercial 5 year fixed rate amoratized over 20 years but balloon in 5 years. Super easy loan process.

How did you add value to the deal?

We didn't! It was already furnished as an airbnb previously!

What was the outcome?

Cash flow!

Lessons learned? Challenges?

NA

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Nikki Headen is an AWESOME realtor in the Omaha and Lincoln, NE areas. We also have an amazing cleaning team to handles all the day to day out there if anyone ever needs a contact reach out!

**please note, the date says 2024 due to a glitch when posting but the meetup is in fact Wednesday August 16th, 2023! Sorry for any confusion!

We're thrilled to announce that our surprise special guest for this month's Boise Real Estate Investor Network meetup is Ryan Weimer, the owner of Offer Now Idaho!

Join us as Ryan shares his valuable insights into the world of wholesaling and reveals his strategies for identifying the best deals in the market.

Don't miss out on this opportunity to learn from a seasoned pro! The session will also feature an interactive Q&A where you can get answers to all your burning questions.

Date: Wednesday, August 16th

Time: 6-7:30 pm

Location: Cafe Ole, 210 N Milwaukee St, Boise

See you there! Let's delve into the world of real estate wholesaling together!
RSVP here