Shannon Robnett Industries’ Blog About Business
This is why SRI takes the time to maintain a blog about business. Our entries discuss some strategies we and our clients can employ to keep Boise’s economy--and our businesses--as strong as possible.
Did you know that you don’t need to spend thousands of dollars for the best real estate investment conferences and networking events?
It’s easy as this: Net-Worth = Network!
But, I’m going to tell you something that I’m unapologetic about - this isn’t for everyone.
The truth is, there’s no such thing as a “perfect” system that will magically get you the results you want. If it was that easy then everyone would be doing it. We can tell you everything we know about how to build your real estate investing business, including how to:
Build passive cash flow with investing in real estate
Make money without even leaving your home
Use proven wealth building strategies
Create financial freedom for you and your family
But it’s up to YOU to make it happen.
People who succeed in this business, or anything else – face challenges along the way.
If you’re trying to accomplish something worthwhile, chances are you’re going to stumble and fall at some point. The question is, how are you going to deal with it?
That’s why continually educating yourself and building your network is so great: it’s like your GPS that shows you exactly where you need to go every step of the way.
When you have no road map, it’s easy to freak out and get frazzled the moment something doesn’t go according to plan.
On the other hand, someone with a solid guidance system never fears a bump in the road.
Shannon Robert Industries’ years of experience can help you all along the way. With the help of tools impacting your Financial Freedom
Now is a brilliant time to be investing in real estate but make sure you have the most current knowledge about the market so you can invest successfully.
So, what are you waiting for?
Click here for more information.
Successful real estate investment requires a delicate balance between the availability of opportunities (supply) and the desirability of the end development (demand). Boise, Idaho, and surrounding areas are uniquely posed as ideal locations for some of the nation’s best real estate markets.
Boise Is a Growing Commercial Real Estate Market
For the last few years, Forbes magazine has ranked Boise, Idaho, as one of the fastest growing cities in the United States. As Shannon Robnett Industries (SRI) has made many successful real estate syndication deals in the Boise area, we have also collected information on why this area is booming. Boise boasts the following:
A population of more than 730,000 people. (census.gov)Many people think of Idaho as entirely rural and remote. The Boise metro area, however, is quickly growing with many urban advantages while maintaining close ties to nature and rural areas. There’s open land available for ground up, multi-family investment property developments along with an already expanding population to fill them.
Every year Boise ranks on a slew of top 10 lists. The city has been placed among the best U.S. downtowns, the best city to raise a family, the healthiest, best place to retire, best place to be a doctor, a good spot for yogis and asthmatics, and yes -- Boise was even ranked among the top sexually active cities.
Job growth - With large employers like Amazon in the Treasure Valley, along with some of the state’s largest employers already being Boise-based job growth can sustain the population growth we rely on to support our syndication investments. They are also fast growing when it comes to career and workers partly because of employees working remotely. Read more about it in this article.
According to the Wall Street Journal, Boise is getting a lot of attention for their housing market, not just locally but nationally.
Idaho is a business-friendly state regarding taxes. Another way Idaho can sustain job growth is its attractive climate for small and large business expansion. Regulations are minimal, therefore also creating an environment where perfectly legal tax shelter investments are free to grow.
Want to know more where Idaho really stands out when it comes to health care, education, economy, infrastructure and more? Check out its rankings.
Why Boise is great place to retire - If you’re a young person looking for a fresh start, or you’re sick of spending your whole paycheck on rent in a big city, check out why Boise is the best place for you.
Boise is also booming when it comes to wellness, gone are the days for traditional gym and work out videos. In Boise you’ll find a lot of gym and workout varieties.
These are some reasons why the Boise metropolitan area will continue to be a real estate investment leader in coming years. (To learn more about the specific types of investments that Shannon Robnett Industries finances, see our Home page.
Reasons to Live and Work in Boise
Besides the tangible, numbers-driven benefits of investing in the Treasure Valley, there are plenty of less-tangible factors that contribute to an overall setting where good things are happening for businesses and for individuals in Idaho. These include:
Outdoor culture. Idahoans love getting outside for hiking, camping, skiing, watersports, and more. We enjoy experiencing all four seasons of Idaho weather.
Boise State University. Having a four-year university with postgraduate degrees in the city creates ample opportunities for education for the entire community.
Local arts scene. Boise is large enough to attract big-ticket music talents from Garth Brooks to KISS, but Boise is also small enough to support a burgeoning local music scene at venues like The Knitting Factory. The Boise Art Museum showcases local and traveling artists, and the Idaho Shakespeare Festival puts on a full repertoire of theater every summer.
Tight-knit community feeling. Boiseans pride themselves on being friendly. We don’t hesitate to smile at or offer help to strangers.
Shannon Robnett Industries (SRI) invests in Boise, Idaho, because we are proud to live in the area and excited to bring our expertise to one of the best areas to invest in real estate in today’s economy. Call 208-405-6176 or contact us here to learn more about becoming a real estate syndication partner with SRI & MVE and be one of our investors today!
Getting ahead of the competition can be a struggle if you haven’t decided which habits to nurture in order to help you walk the path to success. When it comes to real estate investors, they look at their simple daily routines as something that gives them an edge in this industry.
While there is no definitive list of characteristics that make someone successful at real estate investing, most successful real estate investors share a certain set of characteristics. Check out these five daily habits that all the members of the Shannon Robnett Industries practice, which we hope will bring you forward in business and life.
Competence – it is crucial to understand the ins and outs of investing in real estate. Joining local associations, such as a real estate investment association, can be a great way to develop an understanding about real estate investing. Learning as much as you can about real estate will help you become a more competent investor.
Make decisions grounded in logic – with every investment decision you make, your strategy must be based on facts and logic. You cannot let emotions sway your financial decisions. Work on developing solid financial goals based on your knowledge and understanding of the market and avoid being influenced by emotion in your real estate transactions.
Understand the real estate market – while it is necessary to understand the principles and strategies of real estate investing, you must also understand your market. Certain concepts you’ve learned about may not apply to the real estate market you’re investing in, so completing your own research becomes essential. Asking questions of successful real estate investors or joining a real estate investors association can provide valuable information. If you are using money from a self-directed IRA for your real estate investments, it is crucial to understand the applicable rules and regulations.
Be consistent – when you first begin investing in real estate, you must develop an investment strategy. Begin developing good habits early. There will be regular steps to take on a daily, weekly or monthly basis – do them consistently. Consistency is one of the biggest hurdles to overcome, but if you do establish consistency, success will likely follow.
Establish good character – Stick to your principles and treat business deals the way you would a relationship – treat the other person like you want to be treated. Shortcuts and hasty deals can backfire, and a damaged character is more difficult to repair than the “fixer upper” investment property. In the world of real estate investing, opportunities abound.
With patience, logically-grounded decisions, and professionals to help you, you will have a much more enjoyable real estate investment experience.
If you are interested to learn more about real estate investing and future properties investment opportunities, you may book a call.
You may be curious about the different types of investment, particularly Single family and Multi-family investments.
Single-family properties are where a lot of investors get their start, but for most people, this means being the only investor and doing all the property management on your own. Multi-family real estate syndication can be a much better way to invest.
A. Definition and Basics
When you invest in a syndicate, you're working in concert with other investors to be part of larger deals on multi-family properties. You may be putting in about the same amount of investment as with a single-family property, but the deal is a lot larger, and you're no longer solely responsible for all management issues.
In other words, you risk the same amount of money and see similar and often higher returns, but someone else is finding and vetting the deals, pursuing the loans, and taking care of property management. This person or entity is known as the syndicate.
B. Benefits to Consider
Lowered Impact of Tenant Issues
When a tenant destroys your single-family property, doesn't pay rent for months on end and has to be evicted, or leaves with no warning, the impact for you and your investment is enormous. When you invest in a multi-family property, there are multiple tenants, so the effect of any one tenant's bad decisions is spread out.
If your single-family property stands empty, you have zero positive cash flow. But with a large property in syndication, you're still going to have positive cash flow even if there are several empty units at any one time. There's also more rental income cushion to deal with repairs and other unexpected expenses.
Your risk on a single-family property is 100%. By investing in a real estate syndicate, however, you spread out risk among multiple investors. In some cases, depending on the size of the syndicate, there may be several multi-family properties involved, which mitigates risk even further.
Access to Otherwise Unobtainable Investments
There are lots of reasons investors prefer multi-family units to single-family investment properties, but costs make it difficult for any single person to be the sole investor in these high-value properties. That's why the vast majority of multi-family deals are made through syndication. Syndication allows individual investors access to higher-value properties with greater ROIs than would otherwise be possible.
Single-family investment properties can be very costly to manage. The rent from just one tenant often isn't enough to cover huge (and usually unexpected) management expenses, like a new roof when a storm brings a tree down or complicated sewer problems. In contrast, a multi-family property brings in enough revenue for the syndicate to hire full-time management staff to keep on top of all management issues, saving individual investors a great deal in management costs.
Taking part in multi-family syndication has advantages over being the sole and only investor in a single-family property. To learn more about this real estate strategy and other ways to ensure your realty investments are working for you, visit Shannon Robnett today and get the tools you need to achieve true financial freedom.
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