All Forum Posts by: Derray Quarders

 Hello Telinda,

It's exciting to see another investor in the Boise area!

I'm in Nampa and am doing some brrrr property's and am looking for more wholesalers to find deals from. It sounds like you are doing both? let me know if you want to meet up and grab coffee or something and I can tell you about some of the hangups I've had with the brrrr strategy.

hello Anna and Scott,

So, the rent we are getting is 1,350 per month. I am planning on waiting to refi until rates come back down a bit. I was hoping to cash out refi and pull out 160k but it seems that can't happen in the first six months. you can pull what you paid for it and that's it.

To answer your question, we have been cold calling homeowners and knocking on doors to find deals. we also signed up with a lead generator as well. The goal is to buy and hold but rates are making that really hard in our market over here in Idaho. 

Anna, looks like you are here in Boise? Maybe we should do lunch sometime and see if we can put some deals together? Our only dilemma right now is finding deals that make sense. I have some other agents that bring me deals and I have them list it after the rehab, not sure if that interest you or not?

Investment Info:

Single-family residence buy & hold investment in nampa idaho

Purchase price: $100,000
Cash invested: $100,000

this is my second buy and hold.

How did you finance this deal?

Bought with cash

How did you add value to the deal?

put 5k to clean it up and rented out right away

Lessons learned? Challenges?

i wanted to refinance right away but a couple lenders said i have to own fir six months first?

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

my business partner is a real estate agent