Frequently Asked Questions:
Answers:
I want to become a real estate investor in the Boise, Idaho area. Now what?These days, it seems like we all know someone who's invested in real estate. Some win; some lose. Real estate investing involves risk and you need to work with a team that will help you minimize that risk.
The investment market in the Boise, Idaho area is volatile and highly competitive. The first step is to sit down with our team so we can learn about your needs, understand your expectations and map out a plan of action. Backing us up is an experienced team of those we call Advocate Partners (a handful of which are listed here) with a background in lending, home repairs and inspections, finance, real estate law, and tax planning.
Is there risk involved in investing in real estate?
All real estate investing involves risk. We cannot guarantee success in investing, but we work hard to manage your expectations, meet your needs and minimize your risk. We have helped over 100 first-time and seasoned investors profit from wise and timely investments, and more than 60% of our business is generated by referrals or repeat customers. One of the ways we minimize risk is by setting criteria that prospective investors must meet to qualify as an investor with Boise's Best.
Only you can fully protect what is most important--your future. Do your due diligence and work with a great investment team to help guide you through the investment process. The good news is, it can be fun!
I am interested in learning about hot new real estate investment markets outside the Boise, Idaho area. What can you tell me? What Pacific Northwest city has been named one of the Fastest Growing Real Estate Markets in the U.S.?
After surveying 380 metro markets around the country, what city's median home price did Money Magazine predict will grow at a rate of 12.4% from June 2006 to June 2007, placing its growth rate at #9 in the country?
What state's average job growth rate is 3 percent, twice the national average?
Don't wait for this market to cool. Contact us to request a marketing packet and find out more about this hot investment market where the investment numbers are working!
HOT TIP: If you were reading our blog, you'd already know the answer!
What options are available to me in the way of property, financing, home repairs and property management in Idaho? Your options are virtually unlimited, but as every investor and homeowner knows, which lender, title company, property manager, and investment team members you choose can make or break you. The good news is we have done our homework and formed alliances with a trusted, experienced group of Advocate Business Partners who believe in our business driver: Knowledge, Integrity--Peace of Mind.
Our real estate team started and subsequently sold our property management company, Boise's Best Property Managers. View all available rental properties and lease options here. They owners and investors navigate the waters of renter applications, credit approval, utility transfer, and, if necessary, evictions.
Keep in mind that though we know and trust our Advocate Partners, all investors who partner with us are at liberty to use the financial institutions, home repair companies, property managers, etc of their choice.
I have only a general knowledge of terms like HUD Repo, "flipping," and REO property. Can you give me more definitive explanations? HUD Repo: Simply put, the property had an FHA insured loan on it that went into foreclosure for lack of payment. (HUD stands for Housing and Urban Development.) Search HUD listings here.
REO Property: REO stands for "Real Estate Owned." This is real estate that had a bank loan on it that went into foreclosure and the bank has reacquired the property for nonpayment.
Flip: The process of purchasing a house with the intent of placing the house back on the market within a short period of time for a financial gain.
Lease Option: A traditional rental agreement that gives the renter the option of purchasing the property for a predetermined price at the end of an agreed-upon time period. Typically the renter is responsible for all maintenance on the property and a portion of the monthly rent may be applied to the down payment on the home at the time of purchase.
Title Insurance: Eliminates any risks and losses caused by faults in title from an event that occurred before you owned
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MORE BOISE REALTY INVESTMENT RESOURCES:
- Search all Real Estate Listings for Sale in the Boise Area: Start your REAL TIME investment property search today and start getting real estate listings, price changes and more.
- Check out Boise's Best Real Estate Blog: Visit our team's online journal, or blog, and stay current. It's more than a real estate blog! We post about events in the community, mortgage fraud alerts and more. Offer your comments and return often—the blog is updated weekly.
- Testimonials: Find out what Ed Elam and Leigh Wilson's clients are saying about this top producing real estate team.
- Buyer's Tips: A comprehensive list of tips for home buyers courtesy of Boise's Best Real Estate Team. Avoid common home buying pitfalls.
- Seller's Tips: We have a strong track record of successfully listing, marketing and selling homes in the Boise area. Our seller's tips are fresh and useful.
- Who is Boise's Best Real Estate? Meet the team at Boise's Best Real Estate. We handle all your real estate needs, guiding you through the listing or home buying process to escrow and close.
- Contact Information: How to contact Ed Elam and Leigh Wilson, Boise, Idaho real estate agents--or a member of their marketing team.
