Friday, December 27, 2013

Best Buy Cities: Where to Invest In Housing In 2014; #10 is Boise

Great article in Forbes;

Buying a home can be a great investment, as investors gobbling up properties over the last few years–when prices and mortgage rates were at the bottom–well know. Now, with homes prices and rates ticking steadily back up, investors are backing away from the market, leaving more room for the rest of us.

Perhaps you fear you’ve missed the best time for buying housing. Prices were low last year, but there are still deals to be had. The good news is that less competition for housing and an overall less-crazed market than in 2013, as I wrote about in Housing Outlook 2014: 10 Predictions From The Experts, can make for fairly decent timing for smaller-time investors. The key is to buy where the prices are still low, in cities with a lot of growth potential.

Housing Outlook 2014: 10 Predictions From The Experts
Erin CarlyleErin Carlyle
Forbes Staff

Smart Tax Moves Homeowners Should Make Before 2013 Ends
Erin CarlyleErin Carlyle
Forbes Staff
Whether you’re looking to get into a first home that you’ll live in for a few years, or simply buy a fixer-upper that you can rent out right away, there are still plenty of cities where your money is a fairly safe bet. We teamed up with Local Market Monitor, which tracks home prices and local economic factors in more than 300 housing markets, to put together a list of the Best Buy Cities–the top 20 housing markets to invest in for 2014. To come up with this list, Local Market Monitor pulled data for the largest 100 metropolitan statistical areas (a geographical designation used by the U.S. Census) with populations of at least 575,000. From there, the choices were ranked primarily on four factors: population, home prices, and the local jobs economy. Each of our Best Buy Cities have high population and job growth, relatively low home prices, and are still considered under-valued (although in every case except Virginia Beach-Norfolk, Va., home prices have gone up). This makes them fairly low-risk investment opportunities for buyers who are smart and know not to overpay.

The key to coming up with this list is a proprietary measure that Local Market Monitor dubs the “Equilibrium Home Price.” Basically, it tracks what the average price for a market should be, if speculation, weird distortions in local income, and other factors (like the housing collapse) weren’t present in the market. The measure presumes that prices will eventually return to this level. When homes are far under the equilibrium price, investors are getting a good buy and can expect to make a good return. The other important consideration for investors is, of course, a healthy local economy. After all, there is zero point in purchasing a home in a market where the population is fleeing. That’s why Best Buy Cities are places where opportunities are growing.

“We are at a stage in the economic cycle where job growth–and demand for housing–is accelerating in some markets,” says Ingo Winzer, founder of Local Market Monitor. “The types of jobs created are often lower-paying, most suitable for renters, younger people who are willing to move from somewhere else and who don’t want to own a house right now but might have a young family and would like to rent one.”

Fort Worth-Arlington, Tex., and Dallas-Plano-Irving, Tex., top the list of our Best Buy Cities, at No. 1 and No. 2, respectively. Both cities offer homes that would be within reach for middle-class Americans, at $168,383 in Fort Worth-Arlington and $180,645 in greater Dallas. Prices in greater Fort Worth are considered 20% below their actual value, according to Local Market Monitor. Homes in the greater Dallas region are 12% down, so less off, but they are expected to rise more–29%–over the next three years.

For buyers who intend to rent out their homes, the populations in these cities are growing at a healthy clip: from 2009 to 2012, at 4.9% in Fort Worth and 6.1% in Dallas. At that rate, Dallas is tied for the fastest-growing city on the Best Buy Cities list. It’s ranked fifth in terms of job growth, at 3% as of the latest Bureau of Labor Statistics stats. Driving the demand are companies like Dallas’s One Technologies, LP, an online credit monitoring marketing service that was ranked the fastest-growing private company in the area by the Dallas Business Journal.

“The total eventual returns may be higher in markets that are still under-priced right now–that’s why those are higher in the rankings–but the rental returns should be good in all of them,” Winzer says. “I particularly like the investment markets in Texas and Oklahoma, with their low unemployment rates and ability to profit for years from new shale oil and gas development.”

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, December 11, 2013

Just listed - 6.5% Cap Rate Cash Flow Like New Fourplex in Nampa - Turnkey Investment

Just Listed by The Iron Eagle Realty Team

Cash Flow To Go and You Can't Beat This Location! Almost NEW FOURPLEX located in the heart of Nampa. Four 2 bedroom 2 bath units. All units come with upgraded kitchens and granite countertops. Minutes to I-84, Walmart, NNU, College of Idaho, CWI campuses, etc. One property manager on site. Like New Clubhouse with Workout Area and Pool for tenants. BTVA.



If you are looking for Investment Properties in the Boise, Meridian, Nampa or Caldwell areas, please call or email us.

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

Friday, October 4, 2013

Landlords See Biggest Income Gains

I saw this great article WSJ.com by Kathleen Madigan regarding income gains for landlords. This is very applicable to the Boise Investment Property market.

Landlords See Biggest Income Gains

In this recovery, it’s better to be a landlord or investor than a saver.

That is the message from Friday’s report on personal income. Since the recession ended in the second quarter of 2009 to the average so far in the third quarter, the gains in income have been paced by rents collected by landlords and dividends paid to shareholders.

Since mid-2009, nominal personal income has increased 17%. Rental income has soared 85%, and dividends are up 44%. Retail income and dividends compromise less than 10% of all income, but have accounted for 25% of the increase in all earnings so far in the recovery. Following close behind is proprietors’ income, up about 42%.

Wages and salaries, about half of all household earnings, have grown about 14%, accounting for 40% of the entire income increase.

Some of the divergent growth rates reflect changes in the economy coming out of the Great Recession–trends that won’t last over time.

Dividends, especially from financial companies, were cut almost in half during the downturn. That means dividends were at an extremely low base when the recovery kicked off. Ignoring a tax-related jump in the fourth quarter of 2012, dividend growth has already been slowing.

The rapid increase in rental income likely reflects the surge in investment properties. Small-time landlords and big investment funds have bought up distressed properties and are renting them out to earn income. As many of those homes are sold, look for the growth in rents to ease off–although not anytime soon.

Contrast the windfall to investors with the puny returns to savers.

Interest income is below its level in mid-2009. That creates a drag on total personal income, despite the fact that Federal Reserve data show the level of interest-earning financial assets has held fairly steady in the past five years.

The bane of savers, of course, is ultra-easy monetary policy. Fed policy has helped boost the wealth of the investors who are also benefiting from the growth in dividends. But near-zero short-term rates are battering the finances of savers. And with the Fed staying the course in policy, don’t expect interest income to gain ground for the next few years.

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

Saturday, September 28, 2013

Why You Should Be Investing Your Money In Real Estate

Why You Should Be Investing Your Money In Real Estate

Found this great article on Entrepreneur.com by Mark Kohler. Here is the link.

As entrepreneurs find success with their primary business ventures, many search for the proper investments for their profits.

Of course, we can and should all start traditional tax preferred vehicles like an IRA and 401k. These are the bedrock of good 'benefit' planning for ourselves and our employees. I'm also convinced more entrepreneurs should consider rental real estate as an important part of their portfolio.

I realize many business owners shrug off this concept after the recent downturn in real estate values, but let me list a few reasons that may change your mind:

1. Gain more leverage. Real estate is one of the few investment vehicles where using the bank's money couldn't be easier. The ability to make a down payment, leverage your capital, and thus increase your overall return on investment is incredible.

2. Grow, tax-free. Buying rental property based on speculation of its value is a dangerous tactic since cash flow is the key. However, appreciation over the long-run is certainly realistic and at the least you should be considering a tax-deferred strategy. In the future, you may even consider a 1031 exchange, charitable trust, or an installment sale to lesson your tax liability further.

3. Tax free cash flow. It's no secret that because of depreciation and mortgage interest deductions (if you leverage your capital), your cash flow should be tax-free. That's right! The far majority of the time an investor will never pay taxes on their cash flow and can wait for capital gains on the sale of the property in the future.

4. The tax write-offs against your other income. Depending on your classification as an Active Investor or Real Estate Professional and your income level, there is a good chance your rental property will not only give you tax-free cash flow, but an overage of tax deductions you can use against your other income. With that said, this is something you want to discuss with your tax professional before investing so your expectations are realistic.

5. Increased tax deduction strategies. Rental property affords investors with another incredible opportunity to convert personal expenses to potentially valid business deductions. Don't forget that rental real estate is a business. This means that travel expenses to check on your properties and payments to family members who manage your properties (such as students away at college) can be deductible and increase the tax benefits when it comes to cash flow and the future sale of the property.

6. Rental real estate is a forced retirement plan. Americans are terrible savers. We lack the self-discipline to put a monthly deposit into our IRA, SEP or 401k as small-business owners. However, buying a rental property is a significant commitment that you are required to commit to and maintain. You will always be grateful in the long-run when you don't give up on it and build future cash flow and wealth.

I meet with a lot of successful entrepreneurs, and almost every one of them has taken profits from their businesses over the years to invest in rental property. Based on this fact and the list above, I have consistently urged my clients to buy one rental property a year and already have clients with rental properties earning them money they never imagined they'd have.

The far majority of us will never get rich overnight. It takes long-term investing and a diverse portfolio to build true wealth. Don't forget real estate as an important part of the equation.

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

Friday, September 20, 2013

Boise Idaho Fourplex Market Update - Prices, Interest Rates, Cap Rates, Etc.

Boise Idaho Fourplex Market Update

Since Jan. of 2013, interest rates for buying fourplexes have increased about 1% from the low 4's to the low 5's. So the spread between interest and cap rate are now becoming too narrow for an acceptable cash flow. So, either rates need to come down (don't know if that will happen) or cap rates need to go up, which means prices need to come down. However, to maintain current pricing, rents to need to go up as well which is happening but not fast enough to compensate for interest rate increase.

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, September 10, 2013

5 Red-Hot Housing Markets That May Surprise You | InvestingAnswers

Here's a great article that I found about the best markets for real estate investments. 

5 Red-Hot Housing Markets That May Surprise You | InvestingAnswers

By Miranda Marquit
September 03, 2013

When my husband and I bought our home, prices were near their peak in our area. 

At the time, we had no idea that home prices in our market were near the peak. We thought we were buying in an area that had potential. We bought in a new subdivision. The town was expanding. Things were starting to blow up.

Unfortunately, at the time, we didn’t exactly have our fingers on the pulse of what was happening. We didn’t realize that housing permits were dropping in number, or even that employment was stagnating in our area. 

A year later, the financial crisis changed everything for everyone, and now, several years later, our home’s market value is $13,000 less than we paid.
We learned a valuable investing lesson from this experience. We learned that it’s important to pay attention to more than just (possibly) bubble-inflated prices -- and to carefully consider where we are buying to ensure that the housing market in the area really is on the way up.

Perhaps most important, we learned that it’s often best to buy closer to the bottom of a market. That's when you can find the best deals. In fact, my colleague Nathan Slaughter -- editor of Street Authority's High-Yield Investing newsletter, says if there was ever a time to invest in real estate, it is now. To put it bluntly, if you wait too long, you could miss out on a ton of potential profits from an opportunity that only comes along once every couple of decades. (Click here to learn more about his exclusive report.)

With that in mind, here's a list of markets that are booming right now. Next time we decide to buy -- or rather, if we decide to buy again -- we will research the situation more, and we will look for markets that recently saw bottoms but are truly heading higher. 

Places like…

Phoenix, Arizona

According to the NAHB/First American Improving Markets Index (IMI) issued on August 6, 2013, Phoenix is one of the 247 metro areas in the United States showing improvement in housing. Prices have improved 34.8% from their trough in 2011. This improvement is solid, but it also means that there are plenty of undervalued homes available in Phoenix.

On top of that, the IMI notes that permits have increased 3.4% and employment has improved 6.6% from their troughs of recent years. 

There is solid, but undramatic improvement, and it’s possible to get some good deals in this popular area.

Odessa, Texas

Texas has been on a lot of lists lately, with its cities showing signs of solid economic growth and housing market recovery. One of these towns is Odessa. 

According to the IMI, Odessa has seen a 27% improvement in prices since its trough in late 2010. Permits are also on the rise, gaining 29.9% since 2009. This means that you might have a choice of newer homes to choose from, as opposed to Phoenix, where there is still something of a glut of existing home inventory. 

Employment is growing as well. Odessa has experienced 29.1% employment growth since its 2009 bottom.

Bismarck, North Dakota

This town might be considered by some to be located in the middle of nowhere, but it has made its mark in the aftermath of the financial crisis.

North Dakota is one of the states that didn’t see a huge drop in employment, and that was sheltered, to some degree, from the worst of the recession. But the housing market is still blowing up in Bismarck. Indeed, home prices are up 29.4% from their trough in early 2010, and permits are up 41.8%. The IMI also says that employment is also still improving -- up 13.9% from its trough in 2007. 


I’m from Idaho (but not Boise), so I found it interesting that Boise was represented on the IMI’s list of improving markets. When I considered the hit my uncle took when he sold his house during the recession, though, my surprise evaporated. After all, a market that ended up being smashed can make a great opportunity later, when you catch it on the upswing.

Boise has seen a 26.4% improvement in prices since the trough it reached in 2011. Permits are up 3.8%, and employment has improved 8% since their 2009 troughs. As with Phoenix, one way to look at these stats is to realize that there are plenty of good deals to be had on existing homes.

Detroit, Michigan

Yes. Detroit. Really. 

In spite of concerns over the city declaring bankruptcy, the housing market in Detroit is starting to heat up, probably due to the fact that there are people like Donald Trump who think that Detroit is worth investing in right now. It might not be a poor choice.

Home prices have rebounded 24.5% from their 2011 trough, and permits are up 10%. Even employment is improving, gaining 6.6%, according to the IMI, from the 2009 trough. If Detroit really is on the verge of a renaissance, now might be the time to get in on it.

The Investing Answer: Now is the time to start thinking about investing in real estate -- or even buying a primary residence. Prices, although up from their troughs in many markets, are still far from their pre-crash peaks. That means that, with the right research, you could get in now, while the markets are starting to blow up. You can get a good deal and even possibly see decent appreciation in the future.

P.S. -- As I mentioned earlier, don't miss Nathan Slaughter's exclusive report on what we call "Renter Nation." And remember: If you wait too long, you could miss out on big potential profits from an opportunity that only comes along once every couple of decades. Click here for all the details.

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, September 3, 2013

5 Red-Hot Housing Markets That May Surprise You | InvestingAnswers

Here's a great article that I found about the best markets for real estate investments. 

5 Red-Hot Housing Markets That May Surprise You | InvestingAnswers

By Miranda Marquit
September 03, 2013

When my husband and I bought our home, prices were near their peak in our area. 

At the time, we had no idea that home prices in our market were near the peak. We thought we were buying in an area that had potential. We bought in a new subdivision. The town was expanding. Things were starting to blow up.

Unfortunately, at the time, we didn’t exactly have our fingers on the pulse of what was happening. We didn’t realize that housing permits were dropping in number, or even that employment was stagnating in our area. 

A year later, the financial crisis changed everything for everyone, and now, several years later, our home’s market value is $13,000 less than we paid.
We learned a valuable investing lesson from this experience. We learned that it’s important to pay attention to more than just (possibly) bubble-inflated prices -- and to carefully consider where we are buying to ensure that the housing market in the area really is on the way up.

Perhaps most important, we learned that it’s often best to buy closer to the bottom of a market. That's when you can find the best deals. In fact, my colleague Nathan Slaughter -- editor of Street Authority's High-Yield Investing newsletter, says if there was ever a time to invest in real estate, it is now. To put it bluntly, if you wait too long, you could miss out on a ton of potential profits from an opportunity that only comes along once every couple of decades. (Click here to learn more about his exclusive report.)

With that in mind, here's a list of markets that are booming right now. Next time we decide to buy -- or rather, if we decide to buy again -- we will research the situation more, and we will look for markets that recently saw bottoms but are truly heading higher. 

Places like…

Phoenix, Arizona

According to the NAHB/First American Improving Markets Index (IMI) issued on August 6, 2013, Phoenix is one of the 247 metro areas in the United States showing improvement in housing. Prices have improved 34.8% from their trough in 2011. This improvement is solid, but it also means that there are plenty of undervalued homes available in Phoenix.

On top of that, the IMI notes that permits have increased 3.4% and employment has improved 6.6% from their troughs of recent years. 

There is solid, but undramatic improvement, and it’s possible to get some good deals in this popular area.

Odessa, Texas

Texas has been on a lot of lists lately, with its cities showing signs of solid economic growth and housing market recovery. One of these towns is Odessa. 

According to the IMI, Odessa has seen a 27% improvement in prices since its trough in late 2010. Permits are also on the rise, gaining 29.9% since 2009. This means that you might have a choice of newer homes to choose from, as opposed to Phoenix, where there is still something of a glut of existing home inventory. 

Employment is growing as well. Odessa has experienced 29.1% employment growth since its 2009 bottom.

Bismarck, North Dakota

This town might be considered by some to be located in the middle of nowhere, but it has made its mark in the aftermath of the financial crisis.

North Dakota is one of the states that didn’t see a huge drop in employment, and that was sheltered, to some degree, from the worst of the recession. But the housing market is still blowing up in Bismarck. Indeed, home prices are up 29.4% from their trough in early 2010, and permits are up 41.8%. The IMI also says that employment is also still improving -- up 13.9% from its trough in 2007. 


I’m from Idaho (but not Boise), so I found it interesting that Boise was represented on the IMI’s list of improving markets. When I considered the hit my uncle took when he sold his house during the recession, though, my surprise evaporated. After all, a market that ended up being smashed can make a great opportunity later, when you catch it on the upswing.

Boise has seen a 26.4% improvement in prices since the trough it reached in 2011. Permits are up 3.8%, and employment has improved 8% since their 2009 troughs. As with Phoenix, one way to look at these stats is to realize that there are plenty of good deals to be had on existing homes.

Detroit, Michigan

Yes. Detroit. Really. 

In spite of concerns over the city declaring bankruptcy, the housing market in Detroit is starting to heat up, probably due to the fact that there are people like Donald Trump who think that Detroit is worth investing in right now. It might not be a poor choice.

Home prices have rebounded 24.5% from their 2011 trough, and permits are up 10%. Even employment is improving, gaining 6.6%, according to the IMI, from the 2009 trough. If Detroit really is on the verge of a renaissance, now might be the time to get in on it.

The Investing Answer: Now is the time to start thinking about investing in real estate -- or even buying a primary residence. Prices, although up from their troughs in many markets, are still far from their pre-crash peaks. That means that, with the right research, you could get in now, while the markets are starting to blow up. You can get a good deal and even possibly see decent appreciation in the future.

P.S. -- As I mentioned earlier, don't miss Nathan Slaughter's exclusive report on what we call "Renter Nation." And remember: If you wait too long, you could miss out on big potential profits from an opportunity that only comes along once every couple of decades. Click here for all the details.

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, August 7, 2013

Just Listed - Fully Leased Fourplex in Boise, Like New 6%+ cap rate

Asking $379,000; priced at a 6% plus cap rate. 

We just listed this Boise Idaho Investment Property; Fully leased, like new fourplex in Central Boise. Built in 2005, close to St. Alphonsus Regional Medical Center, Boise Towne Square Mall and freeway access. Consistently rented in a well maintained fourplex development. Buyer's choice of property management. This will not last! BTVAI


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, July 30, 2013

Prices and Rates and Rents, OH MY!!!

Boise Idaho Investment Real Estate Update

A lot has happened to the fourplex market in the last several months in Boise Idaho. Prices have definitely gone up, investment mortgage rates have also gone up and rents are as strong as they've been in a long time.

So why have prices going up?

1031 exchanges and cash buyers are the main drivers of the increase in demand for fourplex investments in Boise Idaho. Cash investors are pulling money out of the stock market and bank accounts. In addition sellers are reluctant to sell because of increasing prices thus leading to smaller inventory numbers. Therefore the increasing demand and the shrinkage in the inventory have led to increasing prices. The logic might be, “Should I leave my money in a bank account and make nothing or negative or should I put my money into a real estate investment that will get me a 5 to 6% cap rate?”

Interest rates are up

Interest rates have gone up as we all knew that they would. Click here for a link to an article that explains it better than I can. The mortgage rates for investment properties have gone up over  5% to approximately 5.125%; that’s a 1% jump from rates in Feb of this year. That will put a downward pressure on cash flow before taxes for potential investors. Investors will likely have to live with lower cap rates which at this time are still much better than leaving your money in a bank account or putting your money in to the stock market casino royale.

Rents are up!

According to the Southwest Idaho chapter of NARPM rents have increased significantly year over year over the last 24 months. So why are rents increasing in Southwest Idaho? There seems to be a steady and strong influx of people moving in from California, Oregon, Washington and other cities and states around the northwest as well as from the east. In general people are finding that the quality of life in Boise Idaho is very desirable. Rental vacancy rates in Ada County are as low as 3%. Therefore rents are increasing steadily which is serving to counteract the downward pressure from increasing mortgage rates on cash flow before taxes.

So what's the moral of the story? The moral is that overall rates, which are still ridiculously low rates, are increasing; inventory is short so therefore if you are looking to buy AND a good rental property comes on the market in Boise, be ready to jump. It remains a very good time to buy as well as potentially sell. So if you're interested in doing either that is buying or selling your fourplex or other investment properties in Boise Idaho please give us a call at 208-939-9033 or send us an email.



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, June 4, 2013

How do interest rates affect the pricing of fourplex investment properties in Boise Idaho?

I just posted this blog on my website regarding interest rate effects on investment real estate in Boise Idaho

As we have been hearing for the last twelve months, interest rates are going up. Dennise Sandquist, my favorite loan officer at Guild Mortgage just quoted me 4.625% 30 year fixed with points on a fourplex loan for a buyer with less than 4 total loans. That's 3/8's of a point higher than we were earlier this year. What does that mean for price, cap rates, buyers and sellers.

As we know, an interest rate is the rate at which interest is paid by borrowers for the use of money that they borrow from a lender. The higher the interest rate, the higher the debt service and the lower the cash flow before taxes on investment real estate in Boise.

If cash flow is to be maintained on an investment property in Boise Idaho, the price needs to decrease. Unless the buyer is willing to live with a lower cash flow. As interest rates go up, so will interest rates paid by banks on deposits. Therefore the differential in returns on real estate investments and just leaving your money in the bank will decrease.

So what does this all mean? If interest rates go up and buyer still demand the same or higher returns on the their cash investments, then prices will need to decrease. However, if buyers remain in a mad scramble to put their money into real estate investments in Boise Idaho and elsewhere, then they will need to live with lower returns.

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

Friday, May 17, 2013

Just Listed - Impeccably Maintained Home in West Boise

The Iron Eagle Realty Team just listed this impeccably maintained home in West Boise! 11921 W Goldenrod Dr. in the Binghamshire Subdivison. Click here for detailed property information. Low Maintenance and Private backyard with Mature Landscaping and Covered Redwood Deck. Living Room with vaulted ceiling and wood burning fireplace. Kitchen has tile floors, breakfast bar, and Stainless Steel Appliances. Wood stove and built-ins in Dining Room. Cozy Family Room with ledgestone fireplace. Master Suite has a walk-in shower and soaking tub. Quiet and Mature West Boise Neighborhood with Community Pool. BTVA
To view this property or any other real estate in Boise Idaho area, please call us at 208-939-9033.

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

Friday, May 3, 2013

How do property taxes affect my Investment Property in Boise Idaho?

I just posted information about property taxes and how they affect your investment properties in Boise Idaho on my website. Go check it out.

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 24, 2013

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

The Iron Eagle Realty Team just listed an almost NEW Fourplex in Downtown Boise within 1 mile of the downtown Boise corridor and Boise State University. If you are interested in this or other investment properties in Boise Idaho, please click here. Click here for information on our new fourplex listing close to downtown Boise. 

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 9, 2013

Investor frenzy over housing has peaked

Here's a link to an article from CNNMONEY.com I reposted on our website titled, Investor frenzy over housing has peaked. If you are interested in more information about real estate investments in Boise Idaho, click on the link to read the article.

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 3, 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

Tuesday, March 19, 2013

Here's a story about a Boise Fourplex...

I just posted a blog about a fourplex in the Boise ID real estate market. You can click here to go the blog on our website to read more about this great opportunity to invest in the Boise ID 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

Thursday, March 7, 2013

7.5% Cap Rate Fully Leased Dental Office Investment Opportunity - Boise ID

Commercial Investment Real Estate Opportunity in Boise Idaho Area

Like NEW FULLY LEASED Dental Office - 7.5% Cap Rate Asking $845,000 Leased through Jan. 2018 Modified Full Service Lease exc. Janitorial Located within Rapidly Expanding Commercial, Residential and Retail Center Development in Nampa Idaho



Within walking distance of College of Western Idaho, Idaho Center,  Idaho Center Auto Mall, Walmart, etc. Easy highway access. JC Penney's and Edwards Nampa Gateway Movie Complex across I-84.

Property Information

Occupancy:100% leased through Jan. 2018
Building: 3777 Square Feet, One Suite
Lot Size: 0.21 Acres
Parking: Ample Parking on site

If you are interested in this property please...
Click Here for Marketing and Pro Forma Worksheet
Click Here For a Google Map
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

Monday, March 4, 2013

6%+ Cap Rate Fully Lease Fourplex in Meridian ID



Like NEW Fourplex in Meridian, ID. Fully Leased with on site management  Turnkey investment. Centrally located near business parks, movie theater restaurant complex, largest regional medical center in SW Idaho and freeway. Development has clubhouse, pool and weight room. Great location within the development, along the back row away from Overland Rd. Click here for listing information. If you are looking for this or other Investment Properties in Boise Idaho, visit our website at www.IronEagleRE.com.

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

Monday, February 18, 2013

Investment Real Estate Cap Rates

Whether you are just starting out in investment real estate or an old hand, it always helps to know the various criteria that assist you in judging whether an investment is good or bad. One criteria is capitalization rate or cap rate. If you are looking for investment properties in Boise Idaho, you need to know what the cap rate is for a specific property as well as the cap rate that similar properties are selling for. I posted a basic explanation of cap rates on my The Iron Eagle Realty Team blog as they pertain to investment properties in Boise Idaho.

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