All Forum Posts by: Ryan Hall

All rents paid Thank God, however Boise Idaho (and suburbs) trailed WA/CA/NY in Wuhan China Virus “non-essential lockdowns”. Early May will be extremely interesting. Idaho landlords (myself included) are going to confirm or learn how good their tenants and/or property management is.

Praying for our country and those most impacted from this pandemic regardless of country. April will be a tough month for USA.

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Done.

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Originally posted by @James Galla:

@Arthur P.

My plan is to stop collecting rent. It's not like I could evict anyways since my local court closed, and I'm not going out extra pressure on good tenants in bad times.

My local court closing is essentially like a silent pause on rent anyways.

James - that is a very generous position and i'm sure your tenants will be appreciate it. But what about your mortgage payments on the properties? Do you plan to "pause" mortgage payments as well? Or do you own your properties free and clear?

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@Bryan Findlay

Bryan - IM me and I’ll give you the contact info for my accountant. He knows RE investors.

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Originally posted by @Erin Hogue:

As an active investor in the Boise, ID, I'm curious how others who have also been...

Erin - agree that nearly everything in Boise seems over priced and very tough to find positive cash flowing properties. This is certainly the case in small multi-family where my interest is. My advice, know your target property (SFR, small multi, etc.), know your minimum cash flow or COCROI, keep looking at deals and practicing your analysis skills and Save your ammo and be ready to strike on a good deal. Any good deal will go very quick and like you said, out of state, or recent arrivals are buying anything not nailed down so prices continue to climb.

best wishes

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Welcome to Idaho. There is a local REI meet up next week (Wednesday, 6pm at cafe ole by Boise Town Square mall). Jonna Webber is lead contact and she's on BP (bigger pockets). I plan to be there, schedule permitting.

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@Glidden Rivera

Glidden, can you elaborate on equity LOC vs. refinance and pull equity out? Why one over the other?

Thank you

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Agree with Don. Finding 100k - 200k in Boise is pretty dang tough (impossible?) these days. You could try the Boise suburbs (Nampa, Caldwell, maybe middleton) or as Don said, start looking eastern Idaho.

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Thank you for posting and getting the word out Jonna. Hope to make it to this one in February!!

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Originally posted by @Bryan Champ:

I'm interested in putting the equity to work from my current rental. I've identified Midwest markets where I could pick up multiple properties that would generate even more cash flow than my current SFR. What I'm exploring is how to fund the new properties ie 1031-ing or doing a cash out refi to unlock the equity. Thoughts?

Bryan - I am in similar boat with one of our Boise 4plexes. Let us know what you end up deciding and how it goes. I'll PM you to bounce ideas.

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All Forum Posts by: Ryan Hall

Ryan Hall has started 3 posts and replied 73 times.

Post: OK who has received all or most of their rent this month ?

Post: How will Coronavirus change your investing plans?

Post: Coronavirus and late or no rent payments

Post: IN SEARCH OF A TAX ACCOUNTANT IN ADA COUNTY BOISE ID

Post: Managing expectations in a changing market

Post: New Member from Boise, Idaho

Post: $224k in equity, $800/mth cash flow - how do I grow?

Post: Newbie Investor looking for the right market

Post: Boise Investor Meet Up (Wednesday, February 5th - 6:00 PM)

Post: Cash out refinance or 1031?