@Lisa Paolella everything exactly as planned so far on the multi family value add.

Twin Falls CountyAverage Purchase Price: $360,000Average Rental Price (3-bed home): $1,600/monthKey Highlights:Twin Falls city is known for its agricultural base and growing commercial sector.New businesses and developments attracting residents.Affordable housing market with room for growth.Investment TipsResearch Local Markets: Understand local trends, employment opportunities, and population growth to identify the best neighborhoods within these counties.Property Types: Consider what type of property (single-family homes, apartments, etc.) would yield the best returns.Rental Market: Evaluate the rental market dynamics to ensure consistent demand for rental properties.Long-Term Trends: Look for counties with long-term economic and population growth to ensure sustained property value appreciation.Investing in these Idaho counties offers a blend of affordability, growth potential, and rental demand, making them attractive options for real estate investors.For more information about Kootenai county please reach out.

How did you add value to the deal?

The thing that I’ve heard about new appliances though is they’ve been value engineered and are more likely to break within 10 years.

Make sure the price you pay is based on its current position and not its potential value in the future. 

Too bad coule be a decent thing if a decent salesperson built up value over the phone before going into price. 

Over the last 2 years we have been trying to get a rent increase from section 8 as taxes, insurance, and market values made have increased.

Networking can be one of those tools and a good agent that has an investment mindset and values your time and understands your goals.

My partner (1.2mm) and I (800k) bought a vacant land for 2 million. I want to buy him out at a premium of 1.4mm by seller financing. In doing so, my equity will now be $600k?  

Land (2mm) - Loan (1.4mm) - Equity ($...

. - Hypothetical Numbers*: Land value = $1M, project costs= $2M, sale price=$4m, profit=$1M* These numbers are approximations.