All Forum Posts by: Shannon Robnett

@Neil Narayan Boise Idaho just appreciated over 19% Nampa Idaho was over 23% this year on sales prices and inventory levels are down 75% year over year.  Rents in MF gained over 9% for the 2nd consecutive year, and while appreciation is a good indicator of a profitable deal.  There are so many additional things that need to be in place before you make any kind of sizable investment to ensure success.  Its so dicey just to buy RE for appreciation.  Financial forecasts are about as predicable correct as weather forecasts so really make sure you do your homework.

But if stats like that are all you need to invest then hit me up and I can show you better stats than Austin for the last 3 years!

@Daniel Machado He is a wealth of knowledge and is boots on the ground!

@Sean Zhang if I could give my 25 year old self some advice I really wished he would have listened to it would be to become the "new guy" on an experienced team and slingshot my career in RE light years past where I am today by simply  mentoring and learning by watching instead of insisting that I make every single mistake on my own.  SMH at the time I lost and the fortune I missed out on.

@Felix Stone when I started my construction career I did build almost every aspect of the house.  I did the excavation, the utilities, framing, painted inside and out, build and installed the cabinets, hung the doors cleaned up even held open houses.  And doing all this I could build 3 houses a year and in 1996 made $45,000 ($75,000 adjusted to 2020).  This year with my team and my investment partners we will develop and build over 650 doors of MF and 100,000 sq ft of industrial flex space because we bring on more partners and share the load. 

The end result is less profit per $ spent but many more $'s spent and a much more diverse portfolio of projects thereby dispersing the risk.

@Neil Narayan I don't know if that is totally accurate as Idaho is also a non disclosure state.  Remember these are probably by % so in the case of Boise, with a population of of 228,000 people another 25,000 people would really stick out but Austin would have to move in over 90,000 new residents to have the same growth rate....That's the funny thing about stats!

@Paul Brown you have already started doing really smart things with your real estate investing by identifying what you are looking to be involved in.  Most investors jump then learn after the fact that this may not be the right fit for them.  @Taylor L. is right patient evaluation is very important in deciding who what where and when.  Another very important question is are you looking for cash flow or appreciation as your main objective with your investment and yes there is a difference.  Finally ask what tax advantages and strategies are available to you in each particular investment you are looking at.

@Sean Zhang  I have found in Real estate you have to have 1 of 3 things to do a deal.

1. money

2 the deal

3 knowledge

So I can gather that you are a bit new to the whole process so why not find someone in your area that has #3 and see if you cant bring #1 and see how they would partner with you and bring in #1.  This will not get you 100% of the deal but then again it will not get you 100% of the liability either.  I have always found in my career when I bring my talents and combine them with someone else who knows more than me, I may not make the money on the deal that I could if I did the whole thing myself.  Being teachable and having a mentor will pay you such dividends and I will be able to be part of something much bigger with less of my Time and Money at risk AND I will learn a ton of hands on thing with out the newbie sign on my back.

At the end of the day you will find after 2-4 of these kind of situations you are ready to head out on your won and will be able to do so with confidence and knowledge that you didn't have before and unlike college where you pay before you learn you will able to learn and get paid.  Real estate done right is not hard but real estate done wrong can ruin you , your finances, your credit, your future and often your relationships.  

2 cents from my 27 years on the job!

There is a lot more going on in Boise than rising home prices though.  Take a bit of a deeper dive and you will not only find great real estate returns you will find an amazing place to

Live

Work

Recreate

Retire

Raise a family

if you don't belive me just Google it...because you can always believe what you see on the internet!!

OK so when is the Meet Up?

@Daniel Machado you need to connect with my pal Able Pacheco with 5TCRE.  He has been in the RE game in SAT for quite a few years and can give you some pointers.