All Forum Posts by: StacyA McBain

Members requested more information on Creative Financing, specifically using IRA's for real estate investing, and private lending as an alternative to traditional financing. This feedback came out of the March meeting, in which our presenter compared the affect of 401K and real estate investments on a typical engineer's retirement plan. Real Estate had the greater impact on cash flow in less time.

By Member Request . . .

Creative Financing - Using IRAs and Private Lending For Real Estate Investments

Featuring: Jon Galane of Mountain West IRA and Private Lender Dale Voris. These AVID members regularly experience and facilitate more creative deals. They will divulge how, when and when not to utilize IRA and private lending as tools to boost your portfolio.

Email me for details and to RSVP - [email protected]. 

Thanks and Happy Investing!

The Meet Ups mentioned by @Claire Fenton  and hosted by @Jonna Weber are great. Depending on when you leave town, the AVID Investor's Club meeting on 5/17 might fit into your schedule. I include a multi-family market update near the start of each meeting. Let me know if you'd like a guest invitation. 

This is a hard-to-land price point in a HOT area. Take advantage of it before it hits the market!

Watch the world go by from your covered front porch or let it cash flow. $209,900 price allows cash flow with 75% financing of $100/month after paying for all actual expenses plus property management or $200/month if you DIY manage. 

This 2-story home is on an easily accessible street in one of the best subdivisions in Meridian, Idaho - a great subdivision with a private pool. It's not far from the hottest, newest shopping area in the Boise area (The Village). Would rent for $1,325 according to First Rate Property Management.

3 Bed, 2.5 bath, 2-car garage with main-level master suite, fully-fenced backyard and pergola-covered back patio. Built by quality builder in 2002 with Energy Star efficiencies.

New interior/exterior paint. Exterior landscape maintenance is easy and affordable, via pressurized irrigation and automatic sprinklers. 

Contact me for a proforma or more info. New pix coming upon completion of exterior repaint and move-out of existing tenant. Address: 673 S Truss Ave, Meridian, Idaho 83642.

StacyA McBain, Swope Investment Properties, [email protected] 208-921-0630

You're welcome @Phillip Roessler . . . I'll see YOU on the flipside ;).

@Jonna Weber and @Claire Fenton - Thank you for putting this together!

How about "The Flipside"?

BP is the place to start out -and you're already doing that. Also- know your market, your costs and establish a reliable team. 

Good luck @Phillip Roessler

Cash Flow Your Way to Early Retirement!

This is the Boise-based engineer and aspiring retiree’s perspective. It includes the "golden nuggets" Shane Trapp picked up along the way, and went on to share with Avid Investors in his presentation, "Cash Flow- A Case Study." 

Below are Shane's highlights from Avid Investors - an Idaho Real Estate Investor Club:

• Deals are harder to find than Dollars. If you find a good deal, you can find the dollars to back it.
• Do what it takes to make the deal.
• Timing is everything. Fail fast and take action based on learning events.
• Work with professionals.
• Adding leveraged real estate investments dramatically improves equity in an up-trending market.
• Investments trend from small to large through time, impacting credit needs and affects.
• Cash flow may start slow, but it has the power to increase fast through optimizing properties, increasing rents or an inclining market (reinvesting wealth). 

Pre-retirement

• Notice opportunity costs  – view that shiny new truck as an obstacle to your next purchase.
• Re-invest profits back into real estate to build cash flow and equity.
• Work your way into larger properties and the commercial loan process.
• Use real estate deductions to reduce all those taxes you’re paying through your job ($10,000 in real estate deductions reduces your tax liability $2,500 at a 25% tax rate).
• Set your retirement goal and plot it out - $50K/year net cash flow reinvested will facilitate faster accumulation while working, and financial security after retirement.
• Hold on until you’ve reached your cash flow goals - lower stress about life and work will make it easier to hold out a little longer.
• There’s job security in real estate….there’s always going to be a leaking toilet somewhere!

Shared with permission from Shane Trapp - Avid Investor (founding member), engineer, and multi-family investor in Boise, Idaho. He's also my partner. Contact me for more information on AVID Investor's Club meet ups. StacyA McBain Swope Investment Properties.