All Forum Posts by: Lisa Troxel

Have you connected with Jonna Weber yet? She is very active here on Bigger Pockets and has been getting investors in the area to meet up and learn. Great connection!

@Elle Scott

It's official- the vacancy rate in the Coeur d'Alene area is now 0. My email box is flooded with requests for rentals and it isn't even May. The inventory of listings is also drying up- so sell or rent- now's the time.!

@Elle Swanson

I just reread what I said about the rental market in CDA. I was talking about the vacation rental market. The long term market is great. Vacancies are low right now. I am seeing many more requests for rentals than for tenants.  You should talk to a PM about the market for your property.

 Our Spring is taking a break- after all this glorious weather that we have had lately- it is snowing this morning.

Hi Nick,

Ask your dad's fiancee to find you another Realtor. Ask her to contact them to set up the referral before you call them. Remember that the contract is between the Realtors, not you and you don't have to use them if you don't want to. Tell the mortgage lender about the experience. If the Realtor in question has to give two people referral fees, that can be a problem with the her bottom line and the amount of work that will go into the transaction. Ask your future stepmom for help and advice with the referral process.

Good luck!

I started out by the airport (my dad was a pilot) and ended up out by Eagle. My address changed from Boise to Meridian without packing a box so I guess I was in the middle of all the towns. When I worked downtown Boise in the 80's, it was dying and now it is vibrant. Miss the Green Belt, Shakespeare Festival, foothills and warm summer nights. Two of my three kids live there so I have lots of reaons (including a four plex) to go road tripping to Boise.

Hi Elle,

There are so many numbers that need to be addressed to answer your question. I think you need to have a long talk with your tax accountant for the answer. Have you talked to a property manager? I can send you a list of PMs in town to interview. They will look at your property and give you a rental price as a good will gesture. Are you going to self manage or hire a PM? Do you want to have access to the property as a vacation home? Vacation home rentals gives you access for 2 weeks (IRS rules) plus repair time (again, talk to your accountant). The downside is that CDA has a great summer vacation rental time but the rest of the year isn't as good. PM fees on vacation rentals are also high (~25%).

Do you have time for another rehab project? The cost of 1031 is about $500 - again - talk to your accountant to see if it is worth it. When I did mine, my accountant was against it, the con is that you will eventually pay the capital gains and taxes may be higher in the future. I was pleased with the results of my 1031 because I was able to get into a more expensive project with that tax deferred money and I am older than you which means I am more likely to sell when I am old and have less income to be taxed. :-)

The CDA market (along with the rest of the USA) is strong- especially in the <$200K price range. Talk to you Realtor about inventory in your property's price range. 

So excited for you and all your possibilities! Thanks for upgrading a CDA home!

@Ryan Kee

What part of Boise did you grow up in? I did the same route- grew up in Boise and ended up here in the Inland Empire (or whatever they are calling the CDA/Spokane area these days). I love both places so I have invested in both- gives my trips home partial write off. :-)

Welcome from the Coeur d'Alene area! 

Hi Delia,

I love to chat about Boise and Real Estate.

Welcome to Bigger Pockets!

God decorated this place in my favorite colors- blue and greeen. Few bugs, everything within a 6 mile bike ride, no tornados, hurricanes, or earthquakes. Have you seen this place?- it is gorgeous. I went to college here and back with a job transfer. Right now, my husband's job keeps me here. I also love Boise (10 degrees warmer year round) where I grew up- so I have invested in both areas.