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All Forum Posts by: Lisa Kohl

Lisa Kohl has started 50 posts and replied 375 times.

Post: Investor/ homeowner rehab cost difference?

Lisa Kohl
Posted
  • REI Pro
  • Boise, ID
  • Posts 380
  • Votes 93

If you're a homeowner general contractors will always quote a retail price. If you're flipping properties general contractors will usually give a lower price. This happens because they know they will continue to do repeat business with you and the work environment comes with a lot less hassle vs dealing with a homeowner which can be challenging. Materials are also marked up which is why I purchase all materials for our flips then have the subs install.

Post: How to Draft a Promissory Note and Deed to Private Investor

Lisa Kohl
Posted
  • REI Pro
  • Boise, ID
  • Posts 380
  • Votes 93

Depending on your state title companies can draw one up too for a small fee.

Post: auction.com is cash only?

Lisa Kohl
Posted
  • REI Pro
  • Boise, ID
  • Posts 380
  • Votes 93

I have been following properties on auction.com. I am seeing most of the properties in my area as cash only. This website is mostly used by banks and it seems as though they are keeping them occupied up until auction day. With that being said if you were to still bid on one of these properties without actual cash to close to deal you will more than likely forfeit your deposit ($2500) in my area that you put down before bidding. They will immediately require you provide proof of funds after winning the auction. There can be some good deals but read all the small print as they have extra buyers premiums etc

Post: hard money

Lisa Kohl
Posted
  • REI Pro
  • Boise, ID
  • Posts 380
  • Votes 93

I've heard of them- if you're looking for hard money I would suggest someone who is based in Oregon. Local hard money lenders tend to be more knowledgable to what's really going on in your local market.

Post: Buying in Idaho

Lisa Kohl
Posted
  • REI Pro
  • Boise, ID
  • Posts 380
  • Votes 93

Hello All,

It's great to hear about all the buzz about Boise and the rest of the Treasure Valley. As many know, we tend to make a lot of great lists lately "Best place to live" etc.

We have seen a big run-up in prices over the last two years. The median SFH price is around 200k. With inventory still low, anything priced below that tends to move pretty quickly. There are some good opportunities if you are prepared to act and know where to look. Some of the out of state investors I work with like the area do to the fact we are poised to see continued appreciation and CAP rates are still better than you can get in CA.

As an active investor myself here in the area I also specialize in helping all types of investors e.g. Buy and Holds, Rehabs, long term holds etc find investment opportunities here in the area. The market here is in demand but with some determination and patience there are some good opportunities to be had!