All Forum Posts by: StacyA McBain

AVID Investors is an Idaho Real Estate Investor's Club. We meet up every month except August and December. In exchange for your RSVP, we provide free beverages, snacks, education and networking. All this, in an non-salesy environment filled with good, well-vetted members. 

To RSVP to this, or a future meeting of AVID, and to receive your personal invitation, contact StacyA McBain at Swope Investment Properties- [email protected] or 208-549-9987. 

Happy investing!  

Tomorrow night, AVID Investor's Club presents National Speaker Emmanuel Guarino, who will share secrets to successfully amping up cash flow in a single family rental by converting it to Senior Housing. 

This riveting topic came from member feedback! I look forward to hearing what Emmanuel of Residential Assisted Living (RAL) has to share, and if/how it fills a need in the community as well as an investment goal. 

Typically, AVID is a sales-free zone, however tomorrow night's speaker will present an opportunity to learn more, after the educational segment of his presentation. 

Meetings geared for investors of all levels, with buy-and-hold for cash flow being a large focus. They are meant to serve as helpful, educational opportunities to network and refine real estate investing skills.  We're members-only. Please contact [email protected] of Swope Investment Properties for your invitation. Thanks! 

Here's a follow up video from the meeting.

AVID Investor's Club is a Boise investing group that will meet up tonight at 6 p.m. The feature presentation "Managing your Manager" will reveal common pitfalls and best practices for being involved in your property, even if you have a property manager.  A valuable market update kicks off each meeting. 

Please RSVP for details on the club,  tonight's meeting, or future monthly meetings (we meet every month except August and December!

AVID Investor's Club is a Boise investing group that will meet up tomorrow 4/17 at 6 p.m. The feature presentation  "Landing Opportunities" will look into a couple creative opportunities to use land, despite the rising building costs and busy contractors we face in Boise. 

Please RSVP for details on the club, and tomorrow's meeting! 

AVID Investor's Club is designed to help investors learn the market, to make more profitable and informed decisions. It provides opportunities for networking, education and hopefully improves your overall real estate results. To keep our value high but our cost FREE, and to plan for the beverages and snacks we provide, we ask for your RSVP to this valuable invitation. 

Thank you, and happy investing! 

Practically speaking, you might check your disclosure rules, now that you have an internet record asserting that you believe the house is haunted. In Idaho, "Psychological issues" are not disclosure issues. If the same is true in your state, you won't have to worry about your future sale coming back to "haunt" you, from a disclosure perspective, if Yo Sammity Casper shows up. 

Pun-intentional of course :). Good luck! 

@Matthew McNeil

The terms to negotiate in any sort of owner carry are: price, downpayment, term, amortization, interest rate and fees/penalties including a pre-pay. I'm sure your tenant would love a low rate, 30-year fixed loan. But they're not in a position to secure that kind of deal, and it's not favorable for you to be the one to extend that opportunity.

The loan can be amortized over 30 years but due in 5 years (balloon payment), at which point the tenant would need to have the ability to refinance or otherwise buy you out. 

The consequences for inability to refinance or lack of performance could allow you to keep money and get your home back, or re-negotiate (condition and more hands-on effort required to foreclose are risks there, even if you have a strong team involved). 

If you consider doing this, you might bring in an expert to help negotiate with the tenant and set up the deal. It would need to be one who can advise on other ways to make this smooth and as passive as possible. I don't try to set the tenant up to fail, I work more to protect you and make sure if they do fail, you're in as favorable of a position as possible. 

@Matthew McNeil

I've helped facilitate a few of these deals for a reduced commission and they feel great for everyone when they work. 

My advice if you do it - #1 - get them to get pre-approved by a lender by a certain date. You recommend the lender so you can find out how solid they are. 

Many of these deals would be great but don't end up working for a very simple reason (lack of finance approval), but they get dragged on for an unnecessary amount of time before that easy detail is revealed. 

@Raymond Northcutt

I know an agent up there who I trust with my referrals. Message me if you'd like me to connect you. While my license allows me to practice in McCall, I believe it's better for my clients to work with someone who is there and a true expert in that micro market.