All Forum Posts by: Erin Hogue

As an active investor in the Boise, ID, I'm curious how others who have also been investing in BOI (or like sized smaller markets that are now blowing up) for an extended period are managing expectations and business model. The ship seems to have sailed on the days of buying a turnkey investment and cash flowing day one (with limited money down). Don't get me wrong, I know deals are still out there, you just have to be patient and look harder. 

That being said, what are you doing to adjust your business model to combat the changing and rapidly growing market? At a recent open, I was speaking with an agent who said his out of state investors are now putting a minimum of 25% down, which goes against the philosophy of putting the least amount down, then let renters cover the spread. Are you exiting hot markets in search of the up and coming instead? Is purchasing fewer properties the answer? Are fixers an option instead, albeit more risky? What creative solutions are you implementing? I recognize there are a million ways we can take this, and there is no one size fits all answer - but just curious what changes others are executing on, as well as what's working and how it's impacting your long and short term strategies? 

Thx @justin bauer, will go in and check out Tax Incentives you have listed. Very much appreciate your guidance. 

Thanks @Andrew Postell will move to that forum since it doesn't look like I can delete this post. :) Have a great day!

Looking in to purchasing a small 20 room boutique hotel in need of major renovation ($1-1.5m). The property holds contributing historical designation, so will have renovation constrains to take into account. This would include taking the property from a 20 room down to 12 to allow each room it's own bath, which will cut into nightly profits. Looking for guidance from others who have taken on a project of this scale, worked within historical property renovation and operation of the hotel once completed. Also curious if anyone has had success with any grants on historical renovations, or similar programs to assist with cost.

Looking in to purchasing a small 20 room boutique hotel in need of major renovation ($1-1.5m). The property holds contributing historical designation, so will have renovation constrains to take into account. This would include taking the property from a 20 room down to 12 to allow each room it's own bath, which will cut into nightly profits. Looking for guidance from others who have taken on a project of this scale, worked within historical property renovation and operation of the hotel once completed. Also curious if anyone has had success with any grants on historical renovations, or similar programs to assist with cost.  

Would be a one time job, we are looking for someone to rebuild a deck that collapsed in the snow over the winter. Specifically looking to use trex or similar, and expand the current foot print of the deck. Will need to support a hot tub off the back, as well as level transition and 3 sets of stairs. Let me know if something you would in be interested in. 

Hi Miles - Are you open to traveling up to McCall?

@Landry Lima and @Adam Fleck I would also be curious, if no one has any suggestions, shall we start our own?

Erin 

@Matthew McNeil Hi Matt - we are invested in Meridian and Eagle - all single family rentals under management by a property manager. With the projected population growth, even with a hit market, there is no time like the present to start.

Erin

@Tyler Daniels Welcome to Boise and good luck with investing.