All Forum Posts by: Jacob Stewart

Solid Rock Property Management is the one you want! http://www.solidrockpm.com/ 

I've lived here in Coeur d'Alene, ID most of my life and you are right that the general population of "locals" do not want the influx of people coming here from anywhere. Most people here are "transplants" and have every right to emigrate wherever they choose. I do agree don't move from a state with terrible politics and try to implement those here. That's the beauty of living here in the US. I have never heard of anybody's car being keyed for their political views (maybe by a select few if you find yourself with a trump sticker on your vehicle in a place like Spokane). You may get heckled by a local here and there, but the reality is the general population are the nicest and caring people you'll ever meet. Everybody just wants to live in peace. Most people even the ones who call themselves locals are originally from California who moved here 10-20 years ago. The market here is rocking and if you happen to own property you will benefit from the population growth. This area is absolutely beautiful and most can see the value of peace and beauty. I can definitely relate with how hard it is to buy a house in this market without cash. I am currently searching for my second home and it's dam near impossible especially if you want to find a good deal. The winters can be harsh but beautiful. If you're considering a new place to invest Coeur d'Alene, ID is definitely a good place to consider.

@Myles Kennison sounds great, just curious what led you to condo? Been considering one as my personal residence to be later used for investment purposes. What's your exit strategy? Have you looked at any other avenues besides the traveling nurses? 

@Nathan Fraser Welcome to the area! I'm a Realtor here with Keller Williams, but mainly focus on vacation rentals. I am also joining a team that manages properties as well as VR's. I have quite a few investors I help and we are always in need of a good contractor! Let's connect and make something happen. Let me know anyway I can help you move forward!

Coeur d'Alene is the HOTTEST MARKET I can guarantee you! So much growth, everyone is leaving the big cities and moving our way. Tons of new housing really a great place to be.

@Robert Quezada

One thing I wish I had done was buy a house 10 years ago! check out the Subtle Art of Not Giving a F****, good mindset book!

@Santiago Coppoletta you could be liable for damages. Most likely earnest money not refunded and a commission owed to the broker or any fees accrued by said broker(s).

@Rafael Perez

Save up about 10k and buy a house with an FHA loan. House hack, live for free, save up all you can for the next deal. If you can also find a great deal and use a hard money lender to fund it could also be an avenue. Have a plan to refinance after a year or so and you're golden. You'd be amazed how much equity you can build in a year from just owning a home and fixing it up as you live in it. Better yet, buy a duplex and rent out the other side, always a good place to start. Living for free is a solid goal that way you can put your hard earned money to better use. After a year or so of fixing up a property get a cash out refinance to really get the next ball rolling. Real estate is not a quick game, but planting a seed early on can be harvested in just a couple years, then you can really start to scale quickly. Getting that first property is critical.

@Justin V.

I've seen houses with immovable boxes outside with a lock for packages and so fourth. Could that help remedy the situation? Either way replacing the screen door with a better one for security does sound like a good idea to me. As long as the delivery folks can still have access to drop off packages/mail. Maybe have a code that the delivery people know to go in and out of the secured area?

@Paul Scammacca

I'd keep it the way it is, roughly $500 a month in cash flow is great, I wouldn't want to be making any less. The refi costs far outweigh current cost of property. I see it as throwing 5k down the toilet. I almost refied just to get out of mortgage insurance and save me $100, in the end after all the fees all money I've paid towards the mortgage would have started me back from square 1. If you're going to refi I would at least make sure you're pulling out a big chunk of cash. You'd be basically paying 5k for 100$ which is pretty minuscule I think. I will add I wouldn't be comfortable with an ARM, fixed is a much safer play, especially with rates as low as they are. It probably won't stay this way forever.