All Forum Posts by: StacyA McBain

Thank you @Chris Low! 
I agree with you 100% that @Jonna Weber is fabulous too. 

@Robert Adams - please don't hesitate to reach out. My specialty is multi-family and Jonna's focus is single family investment properties (she also does well with high end homes).

Great story! Congratulations, Luke!

Welcome @Sean Conklin!

Good advice @Account Closed and @Claire Fenton!

Cash Flow!

A Case Study . . . presented by a founding AVID member, buy-and-hold Boise investor and local W2'd engineer by trade. 

Learn how he (and I) grew a buy-and-hold portfolio that more than doubled the value reached in his 401K in less half the time. It's a REAL story from a Real Estate Investor who's not afraid to share.

Please call to RSVP and secure meeting location details. 

AVID Investors is a FREE, invite-only, members-based club that provides networking, knowledge, information and some beverages and snacks to go with it. 

I believe success is best when shared. And I'd like to help you skip the fancy sales presentations, selling pricey methods to get rich quick in real estate, so you can save your money for down payments instead. 

Happy Investing!

StacyA

Swope Investment Properties 

Hi Brad, 

Welcome to all of it, Boise, REI and the fabulous rivers here. I spend as much time as I can on the rivers here as well. W2s are a fabulous way to pursue leveraged investments. Our AVID Investor's Club meeting is a Cash Flow Case Study from that perspective. Hit me up for an invitation if you'd like to do some more networking and learning in person! (It's this Wednesday.)

Warmly, 

Stacy

I'm sad to say this is the first AVID meeting, I'll miss, and it's sure to be a good one. Eric Uhlenhoff is speaking about equity and @Claire Fenton is doing a rental market update. You may RSVP to Eric for details on this local Boise club. Happy Investing!

Hi @Mike Morehouse, 

I support Cody's advice 100% and look forward to inviting you to AVID Investor's Club! Also, I can't speak highly enough about @Jonna Weber or her meet ups. Jonna is a fabulous resource for single family home investors (as well as high-end owner occupant purchases in the Meridian area and beyond). My focus is on the multi-family side of the spectrum.

Patience has been the word in this market for a while now - and that applies whether you're waiting for the right on-market or off-market deal because they both require patience. The one good thing about that is that it gives new investors time to really learn the market before leaping - something @Chris Low probably can attest to. I have a lot of respect for the conservative approaches out there. I see value in acknowledging any projected rents that are proven as legit, and allowing them to influence a buy-and-hold decision as much or as little as your individual preference allows (if the current/actual numbers are palatable). A great way to validate projected rents (after checking Zillow, Craigs List and asking your agent) is including your future property manager in the conversation (particularly as you get serious about a listing or hit the due diligence phase of your contract).   @Claire Fenton is a great resource for that. 

It's interesting how it's all about the numbers, yet still is quite personal in terms of the individual approach, property preference, risk tolerance and number crunching. 

Happy Investing and Happy New Year!!!

Here's my rationale on why I took the leap without certainty on legal requirements and how I'll prevent having to replace them on my own dime before their 6 year expiration. 

(I wasn't sure of the law when I provided them, but understand that extinguishers have to be within 50 or 75 feet of the door for properties with a certain number of units).

I provided some for my properties and made sure to label it with the property address using a sharpie, and note its existence on the walk-through sheet. If it's not there on move out, I will charge the tenant for replacement. I also delivered it with a fire safety reminder sheet. I picked them up for $20 each and had tenants put them under their kitchen sink, avoiding installation time/labor/holes.

I combined delivery with property inspections (having my handyman check filters, and detector batteries, and look for secret water leaks). 

In doing so, I felt like I had just decreased my own liability in case of emergency, by demonstrating my safety-consciousness (which only comes up if something goes wrong, when the stakes become high). 

There have been deaths due to fire and CO in Idaho, at which point detectors and their expiration dates were reviewed, as people looked for any liability on the Landlord's end on which they could blame their tragic loss. 

Resource: http://fire.cityofboise.org/fire-prevention  Their brochure states warnings about using extinguishers , and that apartments must have smoke detectors and that apartment units with gas fired appliances, wood stoves or attached garages must have at least one CO detector near sleeping areas.