All Forum Posts by: Matthew Netwon Marquess

I'm wondering how do you write an offer with contingencies' for an investment property?  I'm looking at multifamily properties in Boise, Idaho and my Real Estate Broker said that I need to make an offer in order to see one of the properties.  I tried to find a template to follow but struck out.  

Also, what exactly would I put in the contingency to make sure I get out of the deal if when I walk through the property I don't like it?

Thanks!

@Corby Goade  I'm looking in the $100K-$250K range.  I'm looking for something that needs some work.  Forced appreciation and cash flow are important.  Because of this I'm mainly looking into multi family units.  

@Ryan Petersen Thanks for the message.  My schedule is booked, I wish I could stay another day!

Thanks for the advice @Account Closed.  I'm looking at a couple properties in Nampa.  

I'm excited to see the area and I will try to fit 'Bacon' into my schedule!

@Eddy Udry Thanks for the input.  I'm coming there next week and would like to invest in a fixer upper in a nicer area.  Do you have any recommendations or insight on specific areas to look?

If I may ask what made you get out of rentals?  

@Christopher L Hall Thanks for the message.  As someone born and raised in Boise, do you see any longer term trends in the area?  It seems like there is a lot of expansion West of Boise.  

@Andrew Faukner Thanks for the tip!

@Jay C. I'm not limiting my options to only Boise, it's just one of the areas I'm looking into.  My friend, who I am visiting out there, has some good connections if I did invest in the area so that would be a plus.  

This is my first time going to a potential market to prospect properties.  I just wondering what I should do to prepare and what I should look for when there?

Hi Guys,

I'm heading out to Boise, Idaho next week to check out some properties in Caldwell, Nampa, Star and Boise and have some questions.  I have connected with a Real Estate Agent and a Real Estate Broker who will be showing me some properties when I get there.  I like the potential of the Boise area and have a friend on the ground who knows contractors and would want to be my property manager if I get a house and he would be great at it.  This would be a my first property and I would like it to cash flow so I have been looking at mostly fixer upper duplex's.  

Besides running the numbers is there anything else I need to prepare for before I get there?  

What do I need to look at when I'm physically looking at the houses?     

Any other advise would be great!

Thanks!

Matt 

I'm looking at creating a partnership with an investor who would like to do an all cash deals on buy and hold properties.  The partnership would be between the investor and myself, I would put up a small portion of the investment (around 10%) and they would pay for the remaining (around 90%).  I would be the one determining the property, fixing it up, finding a property manager, and everything else that would need to be done to rent it out.  The property would be around the $250,000 range.

I was wondering what would be a fair level of compensation for each person?  Does anyone have recommendations for this kind of agreement? 

Thanks for your consideration!