All Forum Posts by: StacyA McBain

Fatten Your Rental Profits! 

Kelly Turpin of Swope Investment Properties gets down to business, presenting exactly the information owners, asset managers and property managers can use to make an impact. Be prepared to learn the secrets to success as you Rent, Renew, Retain and to walk away with some tasks to give your property manager, or yourself.

Avid Investors Club is an invite-based investor group in Boise, Idaho (we meet in Meridian, Idaho) - please contact [email protected] for your invitation, which includes meeting details. We keep the meetings non-salesy, educational and FREE.  Membership is largely comprised of buy-and-hold investors for cash flow and experience levels range from new, to truly avid investors. 

We're still meeting on this Wednesday before Thanksgiving - in fact this would be a great first meeting to check out! 

Happy Investing! 

@Casey Pozzanghera 

Welcome! You're invited to check out AVID Investor's Club - an Idaho Real Estate investor's Club. AVID meets the third Wednesday of the month (except December and August). We share market updates and helpful info to a room that is comprised largely of buy-and-hold investors. We're filling the room each month and helping investors make smart decisions - an email directly to me is the best way for your official invite/meeting info. 

Enjoy an above-market return on this '93 built, 25-unit apartment with constant waiting list + quality mgmt. Low-income/Section 42 units has rising rents and profits. Proforma and rent schedule available upon request. All are "end units" in duplex set up, with highly desirable 3/2 split bdrm floor plans. 10 duplexes/20 units nestled at the end of a cul-de-sac. 5 units sit 11 and 12 blocks away (2 duplexes and 1 SFR in same build/style). Well maintained. This is a rare find in the greater Boise area, both in terms of size and return/price. On irrigation water.

Northside Apts is 3 parcels sold together: 20 units at 2016 5th St N; 2 units at 320 & 324 10th Ave N; and 3 units at 508, 510, 512 10th Ave N in Nampa. Manager is required to follow section 42 Low Income Housing Tax Credit requirements, and is well-versed; compliance fees included in proforma. Allowable rent updates again in May/every May. Tax credits have been expended and no tax credits remain. Expiration of LIHTC status is 2033. WaFed is current lender and has financials in place for this property. 

Please email me directly [email protected] for proforma. 

Listing

Hi Devon, 

This property sold.  

Thank you, 

Stacy

Thank you 

@RJ Davies!

I have a client who will be moving to the Corronwood UT area and looking to buy a duplex. I’d like to refer him to an experienced agent, who specializes in multi family investmen Properties. Thank you for any recommendations you may have.

Shopping for a duplex in Boise? Love the downtown areas and their appreciation potential and ease of renting, but hate the returns there?  Look no further! This duplex is about to come back on the market!

Contact my colleague and co-listing agent Doug Bolen for details 208-860-9169. [email protected] (Swope Investment Properties)

Notes- rents are market rents quoted from a local property manager (First Rate Property Management). Leases end 12/31/17 and 2/28/18 but actual current rents are lower and below market - $775 and $720. 

This turnkey 1941 duplex boasts high returns and appreciation potential in a highly desirable location near the Whitewater Park and downtown - the easiest and fastest to rent part of town. This area continues to get better and better! Low maintenance, expenses and vacancy. It has style, North End charm (age), and brand new HVAC! Contact Doug for Proforma and upgrades list including: granite counter tops, wood floors & tile back splashes in the bright lower unit. Upper unit includes arched doorways & solar tube. Shared W/D. 2004 roof. Xeriscape. Not perfect, but has Great return for this area! Ideal tenants. Fully occupied - do not disturb tenants. Walking tour videos are available upon request. 

Legally zoned and establishing formal Grandfather Rights. Interior videos also available.Please share virtual tour link & D tab docs for property performance and upgrades with your north end Buyers. Owner has transformed this property. Market returns are well above average, this close to downtown (and leases end soon). Corner lot with off-street parking on quieter side street (Davis). Fully occupied. Please include pre-approval with offer or request to join a showing appointment.

Thanks for looking! 

Expenses: 

Water $270/year (2016 actual)

Sewer/Trash $512/year (2016 actual)

Exterior maintenance $600/year (2016 actual)

Cleaning, repairs, maintenance $400 (estimate)

Taxes $2,101 (2016 actual)

Management 7%

Insurance $600 (Estimate. 2016 actual was $372.)

StacyA McBain - Swope Investment Properties

Contact my colleague and co-listing agent Doug Bolen for details 208-860-9169 [email protected] (Swope Investment Properties)

@Jen Harwood 's solution is simple and functional. RUBS (utility reimbursement) is another option. There's info and Q/A's available on it through an internet search. 

AVID meets next this Wednesday 11/15/17 at 6:15 p.m. 

Apartment Analysis - Associate Broker at Swope Investment Properties Doug Bolen will use the ultimate case study to highlight the strategies, tactics and tips we've delved into through AVID meetings to date. You'll get a comprehensive, inside look into a recent apartment deal that will pay dividends for decades.

@Claire Fenton of Realty Management Associates (RMA) will conduct this month's rental market update. Be prepared for some group discussion here, when Claire invites discussion around an interesting data point.

AVID is a FREE and invite-only investor group. Your RSVP is requested so we can plan beverages, snacks and seats, and keep it non-salesy. 

AVID Investors- An Idaho Real Estate Investors' Club is comprised largely of buy-and-hold investors for cash flow. Meetings are valuable for their educational content, connections and insider market info.  

Contact me for details, and to RSVP. Happy Investing,

StacyA McBain, Swope Investment Properties, 208-921-0630 or [email protected]

@Jonna Weber - you do a great job with these - thank you for your efforts putting together a worthwhile event for investors!