All Forum Posts by: Arisa McRoberts

@Arisa McRoberts 12 room motel, you could turn it back into a motel and run it full time, the isn't a lot of rooms for labor.

Depends on the layout, might be able to turn it into 6 2bed apartments and get long term renters..

I wouldn't do a single bedroom apt as you probably will not have good tenants.

With the uncertainties with construction, supply chain issues, and labor issues, I would say this would be a very risky investment to the unexperienced, and probably not worth the return.

I would look at alternative uses if you're still thinking about it. Would it be possible to turn them into small business offices? For small retail stores?

You said that price is 350k and you are expecting to put in 200k. And it can sell for 600k. That means if you are thinking of flipping it you are aiming to make 50k. Did you calculate closing costs as well as broker fees for selling it ? You would be left with $100 at the end of the day if you manage to stay out of the red

additionally  is the property in an area that is an emerging market where you can expect its value to appreciate over time ? Or will it basically just bring in a couple hundered dollars a month after expenses. 

also you will have a hard time finding financing for such a project 

bottom line, when calculating the value of an investment you must compare it to other investments. Would this be more profitable the buying a turn-key 4 plex in good areas? 

doeant look like it to me. 

Just my opinion. 

Good luck

@Arisa McRoberts

Not enough meat on the bone for the work involved. Unless you can buy it for 200k. But run your numbers, get some quotes from local people aka electricians, plumbers, gcs and see how it looks. It is all about numbers.

 Do either of you have any insight on Nampa? I know Boise is blowing up, but do we think Nampa is on the bleeding edge or will it always be less desirable to live there? 

@Arisa McRoberts- hi there and welcome ...I am a loan officer  in WA state ..at times I have been asked for an agent  referal in ID ...can I  keep you as a contact  for tjhe Boise area ?

Is the Boise market slowing down at all? I heard the market appreciated something like 30% last year.