All Forum Posts by: Michael Porche
Michael Porche has started 17 posts and replied 209 times.
Post: utah rental investing

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Hey Kevin,
I'm a realtor and investor in Boise, let's connect!
Post: Question about Boise market

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Hey Ryan,
I'm a real estate agent in Boise. Let's connect!
Post: Purchase and Sale Agreement in Idaho

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Originally posted by @Deyson Shaw:
Awesome. Thanks guys. I just finished getting a off market deal and used my broker to assist with the PSA. Sounds like the best thing to do is have him draft one up for me on future deals as well.
Congrats! You can also find standard purchase and sale agreements specific to your state on real estate FaceBook groups.
Post: How is this for a plan?

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Hey Patrick,
You mentioned you wish to keep real estate investing as a side hustle, and flipping houses is not a passive business. It will take up a lot of you time and feel like a second job.
Based on what you're saying, I recommend BRRRRing light rehabs until you cash flow enough to cover your expenses.
And while turnkey properties are very little work, you're buying a property at a retail price that will barely appreciate.
How much capital do you have to invest?
Post: Self Directed IRA vs Early Withdrawal

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Hey Jordan, this website has some info that might help you out:
https://finance.zacks.com/pros-cons-real-estate-funds-ira-4867.html#:~:text=Expenses,down%20payment%20or%20closing%20costs.
Good Luck!
Post: Buying Rental Properties

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Thats a good question! Is that where your investing or are you looking to go in other markets
Post: North Idaho I HAVE A DEAL

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
David is your guy! Recommend him to get deals done! ;)
Post: 1st Rental - Question on Lease Contract

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Hi Anthony! Why are you leaning not to use a property manager? I'm curious?
Post: Auction.com and Off Market Deals ?

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
My recommendation is to network as much as possible. Obtain your own list of wholesalers and make relationships with them. Anything on Auction.com is going to be most of everywhere else as well. Any major database like that is just as useful as the MLS. All public record. However if you want deals I would look to wholesalers, or directly talk to sellers your self. Obtain lists from your local tital company and look for people most likely to sell and text or call them up! Thats how I find my deals
Post: Assisted living or Section 8?

- Rental Property Investor
- Boise, ID
- Posts 220
- Votes 101
Assisted Living is a beast! I got 2 of them. My recommendation is learn all you can about it before decided to go into it. In order for you to profit you have to learn a lot and leverage well.