All Forum Posts by: Daniel P Willis

@Cody Nelson I would talk to a lady named eddy with property management inc. grand Teton. She manages a couple properties for me and is very knowledge and I bet could help you. just look up "property management inc. grand Teton" and talk to eddy 

I'm sure she wouldn't mind giving you a hand.

@Account Closed I'm new to real estate investing, but I do have one sfh in sugar city Idaho that's rented and we're almost done with a trailer in St Anthony idaho. One thing that helped me was that I read a lot books before I started, on subjects I felt I needed to know, usually the authors were ether Robert KiaSaki or Donald Trump, I have read a few of Brandon's books as well. I my self have found that I find an easier time finding properties out side of popular areas. Rexburg, were I live, is outrageously expensive because of the college, however sugar city was not when I bought my first house. We rented that out and receive $1295 a month because it's 5 min from Rexburg but saved probably $75,000 or more on the mortgage. Our next place was a trailer in St Anthony, 15 min from Rexburg, we should get $650 a month. It's not as much as the house but we were able to pay cash so there is no mortgage, this trailer will have a high coc return. Granted I wasn't  Enthused about living in a trailer but our goal was to create assets and so far it's worked out fairly well. So I don't know what the market is like in Boise but maybe the surrounding areas of  might be a better opportunity than the city itself. Another thing that might help is to read books on some of the smaller topics, one thing that I picked up from some of the  Reading that I do is that managing properties is more complicated than just fixing toilets, finding good tenants, doing background checks, doing evictions, etc. can be complicated.  There are a lot of resources and websites that can help with this but for me I found that I'm not interested  in becoming an expert in this area, so I still learn and dabble in this area but I have used a management company from the beginning which because I found a good one has been well worth the small amount of money I've had to pay them, they have been very helpful and patient in the old teaching me  some of the things I need to know about the local markets in real estate tricks.  Just be creative and read a lot of books but don't get caught and analysis paralysis LOL, good luck. Hopefully this is been helpful. 

You could just ask him what he feels is the most information about investing. Often times a person who has been in the business for years would have information to questions you wouldn't think to ask.

that makes sense, thanks @Rick Maningas

thanks

@Mike Hanneman what is a CPA?

Thank you. 

@Nick Tarbet I think it's awesome to see you on here, I think the biggest step is trying something new! Have a great day.

@Jonna Weber

Real estate attorney, i thought it might be a good idea to have a discussion on how to start structuring the couple properties I have for tax purposes. The last advice I got was to do nothing and just pay the 15%.  I'm thinking that's not the best advice. Any pointers on who to talk to would be great, thanks.