All Forum Posts by: Brenna Doherty

@Adam Fleck Not yet, but I plan to! I am new to the area (just moved here from Nashville) and new to BP (figured I should join after listening to 100+ BP podcast episodes in two months, haha).

Anyways, I'd love to connect! I haven't seen many posts about Boise/Idaho since joining, but definitely have a lot of thoughts/questions on investing in the area.

@Adam Fleck Thank you! I purchased in Nampa.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $245,000
Cash invested: $9,000

House hacking with roommates. Plan to live in for two years, complete renovations, then sell and use profit for multi-family rental investment.

What made you interested in investing in this type of deal?

"Safe" purchase for first home. In a good area, less than 15 years old, spacious, and functional floor plan. According to nearly all projections, the property will significantly increase in value in the next two years (5-10% per year).

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Conventional loan & first time home buyer program.

How did you add value to the deal?

Planning small exterior remodels and small interior remodels such as new light fixtures and window trim.

Lessons learned? Challenges?

A good realtor for your first purchase makes all the difference.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Judy Trimble - ReMax Elite Properties

@Elliot Terekhin Not sure if this has been suggested as an additional step to check legitimacy, but at a dog-friendly apartment I used to lease, the property manager required a doctor called and confirmed an animals ESA status since most letters from online aren't legitimate. 

@Ryan V Hill I was considering living in a MHP near Boise while building a house and found that all MHP within a 25 mile radius of Boise were completely booked out for MONTHS. Talking to one of the managers at a MHP near Caldwell, he said that since the housing market has increased so much, people are moving to MHP's and it's nearly impossible to find a vacant spot. Sounds like it's definitely a market someone could have success in.