All Forum Posts by: Trevor Greene

Hi Brian, welcome.

Sorry to hear about the bad news, but otherwise you might not experience the impetus.

I think JJ. P covered a lot of what I would say, and probably better =p

We have a some properties in Illinois that cash flow very well, and then some here in Boise that still work but are really more about that 5/10 year outlook with reasonable expectations for appreciation/increased rents. Year on year growth in Boise has been strong, and if anything COVID/growth in remote working looks likely to keep that upward pressure on. It might be difficult to cash flow $1k/month with 4 units.

We are here with a couple of extra mountain bikes. If you come into town and want to ride the Greenbelt and see some of the neighborhoods send a message.

Hi Tracey,

We have a duplex and a 4plex in Boise and so far they have been great, but Boise is a difficult market if you're looking to cash flow right off of the bat. We don't see many properties come up for sale on MLS that we think are good buys. It seems that continued, steady appreciation is being built into these asking prices.

I might start looking a bit further West to see what is out that way. There have been a few multi families in Caldwell and Nampa that have been interesting. What have you been looking into?

Trevor

To add to the list of things to consider, I would make sure that you go through the existing leases and make sure that everything is accounted for before closing.

We recently bought a 4plex and, because they were annoyed that we did not hire them, the existing property management company was a bit reticent to communicate with us after the sale. I would make sure that you have:

- Existing leases. Read and understand them.

- Contact information of existing tenants.

- An understanding of the security deposits and how they will be transferred to you.

- Any move-in checklists or paperwork. You want to know what they are and are not responsible for upon move-out and possible assessment of damages.

- Cleaning specifications from the lease - again because it might impact their move-out. Did the management company collect some sort of non-refundable carpet cleaning fee that would be used when they moved out? If so, I would argue for that to be credited to you.

That is not a comprehensive list, but you get the idea.