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All Forum Posts by: StacyA McBain

StacyA McBain has started 60 posts and replied 169 times.

Post: Greetings from the great State of Idaho!

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

How about "The Flipside"?

BP is the place to start out -and you're already doing that. Also- know your market, your costs and establish a reliable team. 

Good luck @Phillip Roessler

Post: Cash flow to early retirement. An Engeineer's Perspective!

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

Cash Flow Your Way to Early Retirement!

This is the Boise-based engineer and aspiring retiree’s perspective. It includes the "golden nuggets" Shane Trapp picked up along the way, and went on to share with Avid Investors in his presentation, "Cash Flow- A Case Study." 

Below are Shane's highlights from Avid Investors - an Idaho Real Estate Investor Club:

  • Deals are harder to find than Dollars. If you find a good deal, you can find the dollars to back it.
  • Do what it takes to make the deal.
  • Timing is everything. Fail fast and take action based on learning events.
  • Work with professionals.
  • Adding leveraged real estate investments dramatically improves equity in an up-trending market.
  • Investments trend from small to large through time, impacting credit needs and affects.
  • Cash flow may start slow, but it has the power to increase fast through optimizing properties, increasing rents or an inclining market (reinvesting wealth). 

Pre-retirement

  • Notice opportunity costs  – view that shiny new truck as an obstacle to your next purchase.
  • Re-invest profits back into real estate to build cash flow and equity.
  • Work your way into larger properties and the commercial loan process.
  • Use real estate deductions to reduce all those taxes you’re paying through your job ($10,000 in real estate deductions reduces your tax liability $2,500 at a 25% tax rate).
  • Set your retirement goal and plot it out - $50K/year net cash flow reinvested will facilitate faster accumulation while working, and financial security after retirement.
  • Hold on until you’ve reached your cash flow goals - lower stress about life and work will make it easier to hold out a little longer.
  • There’s job security in real estate….there’s always going to be a leaking toilet somewhere!

Shared with permission from Shane Trapp - Avid Investor (founding member), engineer, and multi-family investor in Boise, Idaho. He's also my partner. Contact me for more information on AVID Investor's Club meet ups. StacyA McBain Swope Investment Properties.

Post: looking for Realtor in Boise..thanks

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

Thank you @Chris Low
I agree with you 100% that @Jonna Weber is fabulous too. 

@Robert Adams - please don't hesitate to reach out. My specialty is multi-family and Jonna's focus is single family investment properties (she also does well with high end homes).

Post: Using the BiggerPockets calculator saved my family's deal!

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

Great story! Congratulations, Luke!

Post: 10 years too late but better now than never

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

Welcome @Sean Conklin!

Good advice @Account Closed and @Claire Fenton!

Post: Cash Flow! Case Study. At AVID Investors - An Idaho REI Club 3/15

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

Cash Flow!

A Case Study . . . presented by a founding AVID member, buy-and-hold Boise investor and local W2'd engineer by trade. 

Learn how he (and I) grew a buy-and-hold portfolio that more than doubled the value reached in his 401K in less half the time. It's a REAL story from a Real Estate Investor who's not afraid to share.

Please call to RSVP and secure meeting location details. 

AVID Investors is a FREE, invite-only, members-based club that provides networking, knowledge, information and some beverages and snacks to go with it. 

I believe success is best when shared. And I'd like to help you skip the fancy sales presentations, selling pricey methods to get rich quick in real estate, so you can save your money for down payments instead. 

Happy Investing!

StacyA

Swope Investment Properties 

Post: New Member from Boise, Idaho

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

Hi Brad, 

Welcome to all of it, Boise, REI and the fabulous rivers here. I spend as much time as I can on the rivers here as well. W2s are a fabulous way to pursue leveraged investments. Our AVID Investor's Club meeting is a Cash Flow Case Study from that perspective. Hit me up for an invitation if you'd like to do some more networking and learning in person! (It's this Wednesday.)

Warmly, 

Stacy

Post: AVID Investors - An Idaho Real Estate Investor's Club is 2/15!

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70

I'm sad to say this is the first AVID meeting, I'll miss, and it's sure to be a good one. Eric Uhlenhoff is speaking about equity and @Claire Fenton is doing a rental market update. You may RSVP to Eric for details on this local Boise club. Happy Investing!

Post: Extra Manager's fee / Legit ???

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70
I think it should be a set fee -not an open ended up charge. 10% is common.

Post: No family support, only negative comments. What to do?

StacyA McBain
Posted
  • Real Estate Agent
  • Boise, ID
  • Posts 181
  • Votes 70
You've GOT this! Do it and do it well- it will be the best decision you've ever made if you stick with it (and be a contrarian)!