All Forum Posts by: Julie DeWolfe Arroyo

As far as the moving rates, the problem circles back to the housing shortage.  So many people want to sell and move up or down or out but cant because of the nutty competition for homes.  What's good for a seller, immediately becomes torment and suffering for them as a buyer.  

Being a contractor might be great for the guy first in line with the supplier, but you're going to suffer if you are the little guy trying to get your material in a "hand picked" supply chain.

Right and left of hwy 93, it's on fire.

Super easy to become a contractor in Idaho, probably too easy.  That said, I would love to see competition come in, specifically material suppliers, we have drivers ready to haul and facilities ready to house.   

Another idea is to see contractors collect people who have been priced out of their homes (say from Reno) who have the will and ability to work but don't even have a vehicle anymore, let alone a residence.  A  big enough builder could do man camps, provide RV housing, and help people get back on their feet.

There are so many investment opportunities here for medium to large investors and companies.

South central Idaho housing shortage is beyond painful.  I am pondering the impact that local builders have because they are contracting for builds 2 years out.  Since the contracts are between builder and buyer I wonder how interest rates, lending, closing, and build costs are being dealt with, I find it highly unlikely that local builders will shoulder cost adds.  

I understand the dog fight to get a home, as I look at the MLS I see ONLY 23 active listings for SFR in the most desirable community. Rumor has it that "the building supply" store will begin picking and choosing whom they will serve, since the demand is far beyond their capacity. This also impacts the remodel market, quality contractors are booked 2 years out on new construction and it's doubtful that smaller guys can find qualified workers or the construction materials to move forward.

How are you dealing with this in your area?

There must be solutions or opportunities, right?   

you obviously don't live in an Idaho "good ol boys" club   

So the real question is, do I go to Vegas to "invest" my 20% down at the tables or invest in rentals as guided by the CDC.

Gemma Collins, That is exactly the position I am in.  We are finally there, finally ready, finally in the place we have worked 3 years to be so that we can start investing in rental properties.  Now what?

Ultimately this is making a large portion of the population (renters) dependent upon the government, while knee capping those who had, by hard work, become housing providers.  Given enough time, housing providers will also become dependent upon the government to avoid foreclosure or accept rental gap assistance.  Either way the plan, "you will own noting and be happy" will start looking like the solution.   

I want insurance, I know I need it, but I dont want to find out that I had too little, not the right coverage, some infamous no-pay provider, or the wrong policy.

LLC partnership for remodel, brrrr, renovate and resell ( with subcontractors)

LLC partnership for new construction (subcontractors)

LLC sole proprietorship for staging, revision, and redesign, GC for minor repairs, event organization, cleaning. (Employees per event)

Owner-carry on single family rent to own.

Property loss, damage, injury, death, death of proprietor, liability etc..?

Real estate agent. (What's beyond E&O)

What do I need?

@Minna Reid specific markets may dip, some may crumble but others are growing at record rates. Diversify your investments to ride whatever wave you get. Commodities are always the better investment, housing being one of them. Alcohol, petrol, food, transportation... stuff you know that people will always need. Fear and panic will destabilize you, other investors will devour what fear sellers dump.

@Nathan G.

🚫🚫🚫 NO MORE USE OF LANDLORD 🚫🚫🚫

If you own a property, tent, cabin, home, or apartment, YOU ARE A HOUSING PROVIDER.

You take investment risks to provide housing for people.