Wednesday, April 24, 2013

Boise Idaho Investment Property - Fourplex within a Mile of Downtown Boise and Boise State University


Activity level has jumped again in the fourplex market in Boise so I thought you might like some information about a fourplex The Iron Eagle Realty Team just listed that is JUST ONE MILE (WALKING DISTANCE) of downtown Boise and Boise State University.

This is a fully leased fourplex (built in 1994) just south of Downtown Boise. You can literally walk to downtown as well as the BSU campus within minutes. All the units are 2 bedroom with 2 baths; clean as a whistle and perfect for roomates. The owner has NEVER had an issue renting these.

In fact, all of the utilities can be paid by the tenants and the rents are slightly under market. With an increase in rents and utilities paid by the tenants, this property produces an almost a 10% cash on cash return with a 6.8% cap rate. Not only that, this block is sandwiched by city blocks that have already been re-developed with new apartments and condos.  This is an excellent income producing property and a long term hold for re-development opportunities.


If you are interest in a proforma, please click on the link below or call me at 208 939 9033. 
 
PS: Click here to go to our Facebook PageBoise Investment Real Estate and Like Us!
 
Like NEW FULLY LEASED Fourplex - Asking $315,000
Walking Distance from DOWNTOWN Boise ID
and Boise State University
 
2 Bedroom and 2 Bath Units
3856 SF, Built in 1994

If you are interested in this property please... 
Or Call 208 939 9033 for more info 
  




The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! 
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Tuesday, April 09, 2013

Investor frenzy over housing has peaked

Here's an interesting article from CNNMoney.com about investors pulling back from the real estate market.

By Nin-Hai Tseng, Writer April 5, 2013: 5:00 AM ET

Signs that the big money has retreated from the foreclosure boom may be good for the housing market overall.


FORTUNE – When the U.S. housing market crashed in 2007, millions lost their homes to foreclosure. With their finances in shambles, they picked up the pieces by renting rather than buying. Big institutional investors quickly caught on, snapping up foreclosed properties on the cheap and renting them out.

All this has helped drive the recovery we're seeing today: Investors effectively absorbed the excess inventory of homes for sale, which in turn has helped push home prices higher. Prices for rentals have also risen rapidly, as families who either lost their homes or put off buying found rentals to live in.

While this has gone on for some time, the investor frenzy might have peaked. Rents for single-family homes have essentially flattened -- rising just 0.1% in March from a year earlier, according to a report released Thursday by real estate listing website Trulia. What's more, in some cities where investors had the biggest appetite for properties on the cheap, rents have fallen: Take Los Angeles, where rents fell 1.9%; rents in Orange County slipped down 0.7%; Las Vegas saw a 1.9% drop. And in two other key investor markets -- Atlanta and Phoenix -- single-family home rents remained flat, rising less than 1%.

Meanwhile, rents for apartments have continued to rise, climbing 2.9% in March from a year earlier.

MORE: Why higher mortgage rates will help the housing market

The change suggests good news. It hints that the broader housing market is normalizing, as the role of big investors in the recovery wanes. They bought so many properties that the supply of single-family homes for rent has met demand. Nationally, there were nearly 4 million more homes for rent in 2012 since the housing market last peaked in 2005. With rents softening, investors may start selling off their properties, adding to the tight supply of homes for sale, says Jed Kolko, Trulia's economist.

Of course, there's risk that this could dampen momentum of the recovery. Some have argued that once big investors stopped buying, home sales and subsequently home prices could start flattening then falling again.

There's more to it, however. While institutional investors have played a big role in reversing the housing market, their part isn't as big as some might think. Investors fall under two categories: There's the big corporate kind. And then there's the individual investor: High earners who buy multiple homes.

As The Wall Street Journal highlighted recently, small investors accounted for a good chunk of home sales in areas where the Blackstones (BX) of the world also drove sales. In Phoenix, small investors who bought more than five homes accounted for 26% of home sales at the end of 2012; Atlanta, 24% and Las Vegas, 22%.

It might not make financial sense for institutional investors to keep buying if the payoff continues to soften, but it could be different for small investors. They may very well still be willing to buy, analysts say.

"If all the big funds went out of business today, we'd still be talking about investors," says a housing analyst quoted in the Journal.

And as for renters in search of single-family homes, they might enjoy cheaper rent.


The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! 
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Wednesday, April 03, 2013

Like New Duplex Close to Boise State University - Justed Listed

We just listed this Like New Immaculate Duplex in Southeast Boise Idaho. This property is minutes away from Boise State University, Boise Downtown and Boise Greenbelt. Please click here for more information about this and other Investment Properties in the Boise Idaho Real Estate Market.



The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! 
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Just Listed - Like NEW Duplex in SE Boise close to Boise State University- Asking $220,000

We just listed this like new duplex in southeast Boise Idaho! 

We just listed this Like New Immaculate Duplex in Southeast Boise Idaho. This property is minutes away from Boise State University, Boise Downtown and Boise Greenbelt. Please click here for more information about this and other Investment Properties in the Boise Idaho Real Estate Market.

Great Property and Great Location!!! Duplex located in highly desirable SE Boise. Never a problem renting it. Both units are immaculate. Low maintenance siding and backyard. Two car garage for each unit. Close to downtown, Boise State University, Boise Greenbelt, shopping, entertainment, etc. Click here for listing information. BTVA

The Iron Eagle Realty Team's mission is to assist you, our client, in the sale and acquisition of real estate properties in the state of Idaho, specifically the Boise Idaho Real Estate Market. Whether you are buying or selling a home, whether it is a foreclosure, short sale or equity property, we handle our customers and clients with empathy and honest truths so they can make informed decisions as they advance in the process of buying and selling real estate that meet specific needs.
PS: We've Helped More Buyers and Sellers than 99.8% of any Local Realtor
Click Here to Search 24/7 for The Best Real Estate Deals in Boise!
Click Here to Download Our Free "Selling Your Home" Pre-Listing Plan! 
Click Here to Pre-Qualify for a Loan Online!

IERT logo
Regards, Michael Hon, REALTOR®
CEO, The Iron Eagle Realty Team
Associate Broker, Silvercreek Realty Group
Certified Short Sale Specialist®
Investment Property Consultant
Direct: 208.919.0458 Office: 208.939.9033 Fax: 208.514.1422
www.IronEagleRE.com Michael.Hon@IronEagleRE.com

Search This Blog

REC News Center