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All Forum Posts by: Michael Porche

Michael Porche has started 17 posts and replied 209 times.

Post: utah rental investing

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Hey Kevin,

I'm a realtor and investor in Boise, let's connect! 

Post: Question about Boise market

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Hey Ryan, 

I'm a real estate agent in Boise. Let's connect!

Post: Purchase and Sale Agreement in Idaho

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101
Originally posted by @Deyson Shaw:

Awesome. Thanks guys. I just finished getting a off market deal and used my broker to assist with the PSA. Sounds like the best thing to do is have him draft one up for me on future deals as well. 

Congrats! You can also find standard purchase and sale agreements specific to your state on real estate FaceBook groups.

Post: How is this for a plan?

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Hey Patrick, 

You mentioned you wish to keep real estate investing as a side hustle, and flipping houses is not a passive business. It will take up a lot of you time and feel like a second job.

Based on what you're saying, I recommend BRRRRing light rehabs until you cash flow enough to cover your expenses.

And while turnkey properties are very little work, you're buying a property at a retail price that will barely appreciate.

How much capital do you have to invest?

Post: Self Directed IRA vs Early Withdrawal

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Post: Buying Rental Properties

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Thats a good question! Is that where your investing or are you looking to go in other markets

Post: North Idaho I HAVE A DEAL

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

David is your guy! Recommend him to get deals done! ;)

Post: 1st Rental - Question on Lease Contract

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Hi Anthony! Why are you leaning not to use a property manager? I'm curious? 

Post: Auction.com and Off Market Deals ?

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

My recommendation is to network as much as possible. Obtain your own list of wholesalers and make relationships with them. Anything on Auction.com is going to be most of everywhere else as well. Any major database like that is just as useful as the MLS. All public record. However if you want deals I would look to wholesalers, or directly talk to sellers your self. Obtain lists from your local tital company and look for people most likely to sell and text or call them up! Thats how I find my deals

Post: Assisted living or Section 8?

Michael PorchePosted
  • Real Estate Coach
  • Boise, ID
  • Posts 220
  • Votes 101

Assisted Living is a beast! I got 2 of them. My recommendation is learn all you can about it before decided to go into it. In order for you to profit you have to learn a lot and leverage well.