All Forum Posts by: Cory Rickard

A question I'm sure has been asked multiple times. A friend of mine and I want to invest together. Is it best to setup an LLC or no? I'd like to hear your pros and cons!

0 Votes

Quote from @Matthew McKee:

Quote from @Cory Rickard:

Quote from @Matthew McKee:

@David Cheng I have a lot of clients in Washington State looking into the Boise market because our price points are generally lower and our rental rates are increasing with the natural migration and local tach companies moving in, expanding. the market here has been aggressively rising over the last 4 years to a point where the rebound has had quite the psychological affect on seller's and listing agents. something to consider.

I've seen Boise on several lists of most overpriced markets and one of which will fall the hardest. What is your sense on this?

Price is a lagging metric, days on market and inventory are the leading metric. This has been a rapidly appreciating market with some months nearing 20% appreciation so sure 4% month over month reduction in price looks stark in comparison but were still up 6.6% from last year which is 2-3x the national average, our inventory is down to just over 3 months of inventory now and our days on market rose slightly which indicates market stabilization. my crystal ball is in the shop but I'd put money, and am because I'm still personally buying, on the market stabilizing in the next two months. we also have contributing factors such as Meta moving outside of Boise which will draw attention and Micron adding 15,000 jobs and 15 billion of infostructure to Boise. Purely speculation but California Tenant protection laws have run out and evictions are nearing the end of their court cases so there is a potential to an exodus 2.0.

I am, of course, biased to the market which allowed myself and my mother to retire though.

Great, thank you @Matthew McKee! Sounds like a good market I need to look at :)

1 Vote

Seattle, Washington

Quote from @Chase Ginther:

Does any one have any rockstar cleaning teams for their STR in the greater Phoenix area (specifically Mesa)? Looking for one for our STR. Thank you in advance for any recommendations!

@Chase Ginther, @Curtis Bluth may have some input on this.

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Mesa, Arizona

Quote from @Matthew McKee:

I've seen Boise on several lists of most overpriced markets and one of which will fall the hardest. What is your sense on this?

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Seattle, Washington

Hi @David Cheng. I am in Spokane and I think the SFH rental opportunity over here is still pretty good. From the channels that I am involved with, renters are begging for places. I have already seen home prices starting to come down a bit, so I think the cash flow opportunities are improving.

Anyhow, that is my input and experience over here on the eastside. Not sure about other markets. Perhaps your CPA can help you with an Opportunity Zone investment if you don't want to take the hit on the cap gains and don't need the money for a while.

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Seattle, Washington

Hey All! Question for you investors; would you purchase a rental property in an area that you don't have much of an interest in, that is also small/rural if you had a solid renter in advance? Cash flow would likely be $500+.

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Hello!

Curious as to what you BP experts think of a potential investment opportunity. Small community hotel for sale. Can likely contract with hospital for housing traveling/contract physicians and nurses. I would like to convert hotel into apartment.

Any thoughts are appreciated!

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Hey All!

I'm new to BP and wondering what anyone's thoughts or recent/current experience is on the Chandler, AZ market. I'd like to grab a place to rent out as a STR and also use a little myself. Thanks!

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Chandler, Arizona

All Forum Posts by: Cory Rickard

Cory Rickard has started 4 posts and replied 8 times.

Post: Investing with Partner

Post: Need help with 1031 options

Post: Looking for reliable STR cleaners!

Post: Need help with 1031 options

Post: Need help with 1031 options

Post: Investing in Rural LT Rental Property

Post: Northern CA Apartment Investment

Post: Chandler, AZ STR Market