The Real Deal Blog

Awesome Eagle Home - New Repo

CHECK OUT THIS AWESOME EAGLE HOME!

You might recognize it, it was listed a few months back as a short sale for $750,000.  It has been foreclosed on by the bank and now you can pick it up for just $669,000.

I have seen this home and it is a great house.  Click on photo for a virtual tour.

Click here for property details.

Call me to set up a private showing - 287-6589

 

Mike Turner
Turner Real Estate Group
208-287-6589

 

Boise Investment Property

Investor Alert:

Have a look at these investment properties.  I broke them up into types/area so you could focus on what interests you the most.

North End Duplexes -The north end of Boise, is one of the most popular places to own real estate as it tends to stay in high demand, despite the fact the many of the homes are 100 years old.  It is the old part of city that is close to downtown with mature landscaping and a nice feel about it. You pay more for this area of town, but these properties are priced very well for the area.

NW Boise Duplex under 100,000! - this Boise duplex is super cheap, and should produce excellent cash flow and return from day one.

Kuna Idaho Duplex Foreclosure only 63,000 - The small town of Kuna is south of Meridian, and east of Nampa.  It has taken some recent dips from this market, but it is a decent area, so when I saw the price tag of 63,000 for a duplex there I was shocked.  Rents are not that much lower in Kuna than Boise, and what a great way to get into a property with little investment dollars.

Nampa Fourplex Just $124,000 - 4 rentable units for just a $124,000!  That is a little over 30k for   each unit!  This could produce great income for you. 

2 Boise Fourplexes, in good shape under 200,000 - Here is your chance to pick up 2 different 4-plexes in the same boise neighborhood.  Both are Bank Owned and in pretty good shape.  Located close to the Army Base, the Airport, and everything else in Boise.  These properties where selling at $350k+ just a few years ago.

Single Family Investments - These properties are great options to buy and place a long term tenant in, like a lease/own or owner carry arrangement.  With these long term tenants we can place for you,  you will get above market rents and have them responsible for maintaining and repairing the home, which help you avoid frequent expenses that can chew up your monthly cash flow.  This style of investment is recommend for someone who does not want to deal with the property, that is just interest in long term return on their money.

Call Me ASAP if any of these interest you.  208-287-6589

A Healthy Market - Are We Close?

Welcome to The Real Deal!  Join me in the KBOI studio as I give you my thoughts and opinions about the local real estate market.  Everywhere you turn, all you hear is BAD NEWS for the market.  Nobody is talking about the tax credit and the role it played in the slump……I am going to give you the positives and negatives.  I’ll help you weed through the garbage statistics and let you know what is really going on.  We could be closer to a healthy market than the media will lead you to believe.  Start listening now.

Click here to listen now:

or here to go directly to my podcast ----->:

Mike Turner
Turner Real Estate Group
208-287-6589

Idaho Luxury Homes - New Report

NEW REPORT IS OUT!

Here is the latest Luxury Home Report, brought to you exclusively through Turner Real Estate, (soon to be Front Street Brokers).

So if you or someone you know is looking for a deal on a nice luxury home here in Idaho, have them take a look at this report: 

Download Sep2010Lux.pdf (1598.4K)

Also if you are interested in becoming an educated buyer in the local market, I recommend that you review the current Sold and Pending list so you can see what buyers are purchasing in today's market.

Pending or Under Contract List (homes priced above $400,000)

Area Homes That Have Sold Since August 1st 2010 (above $350,000)

Cheers,

Mike Turner
Turner Real Estate Group
208-287-6589 office
208-340-8399 cell
mike@turneragents.com

Nampa 4-plex = $124,000

Bank Owned 4-plex in Nampa - last sold for $280,000 on 2006 and is now on the market for $124,900.  It is a great bargain for this property.  Each unit is a 2 bedroom, 1 bathroom with its own 1 car garage.  Potential to gross at least $1,600/month.

Click here to view

We have been seeing these investment properties go very quickly so please give Mike or Jared a call if you would like to check out this property!  208-287-6589

Turner Real Estate Group
208-287-6589

The Real Deal $100 Winners!

Congratulations to the following ticket holders -  you are the winners of The Real Deal Fall $100 prize drawing!

Ticket #439995
Ticket #440023
Ticket #440060
Ticket #440053
Ticket #440061

Please call Kristine at 208-287-6589 to make arrangements!  Congratulations to the winners!

Turner Real Estate Group
7978 W. Fairview Avenue
Boise, ID 83704
208-287-6589

Great Eagle Home NOT on MLS

Here is your chance to jump on this property before anyone else does!

It is a nice Eagle home, with a pool and RV parking, with a lot that backs up to open space - giving you the feel of a large acreage property without all the hassle.

THIS HOME IS NOT ON THE MLS- IT IS NOT A SHORT SALE - SO QUICK CLOSE IS POSSIBLE.
OWNER FINANCING OPTIONS ARE AVAILABLE.

Call me for a private showing or details about this exclusive opportunity - 208-287-6589

DETAILS:
185 Salina, Eagle
5 bedroom home that has been meticulously maintained, in a great Eagle neighborhood.  What I like about this home is that due to it NOT being a foreclosure, it is in pristine condition, has a ton of upgrades, and special financing options to boot!  You can buy this home outright or have the seller carry your first or second loan!  For example, if your lender says you can get financing but they want you to put down $100,000, you could get the seller to carry you a second loan so you don't have to put down as much cash.  Or, if you can't get financing at all, you have an opportunity to purchase this home.  So let me know if you want to go see it.  Don't delay, homes like this don't last long.  The price is $545,000.

Mike Turner
Turner Real Estate Group
208-287-6589

A Basic Guide To Foreclosures

Welcome to The Real Deal! Join me and Jared Cozby in the KBOI studio as we try to keep you knowledgeable about the local real estate market. Today, it is all about FORECLOSURES! Short Sales, bank owned, auctions…..Oh my!! Learn about the different types, how to get accurate information, and how to utilize different strategies. If you are confused by FORECLOSURES or just want to be more familiar with them, start listening now.

Click here to listen now:

or to go directly to podcast feed--------->

Mike Turner
Turner Real Estate Group
7978 W. Fairview Avenue
Boise, ID 83704
208-287-6589

Home Sale Prices - We Break Down The Stats

Welcome to The Real Deal! Join me and Jared Cozby in the KBOI studio as we give you straight talk about the local real estate market. What happened in July?!? Home sales were really low…..what does this mean? We also talk about sale prices in Ada and Canyon county; we’ll give you the whole picture. The statistics can be confusing, let us help. Start listening now.

Click here to listen now:

  or ---------> to go directly to the podcast

Mike Turner
Turner Real Estate Group
7978 W. Fairview Avenue
Boise, ID  83704
208-287-6589

Great Investment Property Opportunity

I want to share with you a great investment property opportunity!

It is 4 (4-plexes), all on the same street, in a good area, and they are in default.  Meaning - they all can be purchased at a huge discount.

All four 4-plexes were originally sold for $372,000 in 2007
Now, they are available to purchase at $185,000 each (or less!)

All units are 3 bedrooms, 1.5 baths (townhouse style);
All units are rented and are getting between $500-625/month;
Properties were built in 2003 and are in good condition.

You will need to be quick to jump on this deal before someone else does.  You can get good financing (with 25% down)  for each four-plex so you don't have to worry about getting a commercial loan for all 16 units.

The properties together are producing around $9,000/monthly gross income.

This, in my opinion, is one of the best opportunities you can get in this market.  If you are fortunate enough to have access to purchase the complexes with cash, this could be a nice little retirement income/nest egg for you.  If you finance it, this immediately give you a monthly raise in your wallet.

Click here to view listings.

Here is why (in a nutshell) I like this purchase so much:
Pros:

• New Complexes = Lower Maintenance
• 3 Bedroom Units = they are rare and in demand
• Location = not as many rentals in this part of town and a desirable location for tenants
• Future Resale = These last sold 3 years ago for $372,000/each, need I say more
• Income = currently making money, and when  economy/rental market strengthens, it will get better

Cons:

• I'm pissed because I can't buy it myself
• It is a Short Sale, which can take longer to close, but for this opportunity it is worth it
• Currently they prefer to sell all properties together, so if you don't have the resources to purchase you might need to pool funds with family or other partners.

Call my cell phone ASAP if interested, 208-340-8399- 
WILL NOT LAST A WEEK