SRI

Why Invest in Commercial Real Estate in Boise, Idaho?

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.

For more information on the largest cities in the Boise area, see the Chamber of Commerce web pages for The City of Boise, The City of Nampa [and The City of Meridian.

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!

5 Daily Habits for a Highly Successful Real Estate Investors

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.

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

Multi-Family Real Estate Syndication in a Nutshell

 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.

• Shared Risk

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.

• Management Savings

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.

The Importance of Communication in Business

How Opportunities & Partnerships Makes The Deals Work

A favorable market and a suitable partner have steered our company Phoenix Commercial Construction to enter the multifamily arena in Idaho.

We are Nampa, Idaho-based company, where we have been a player in the commercial real estate and development market in Idaho’s Treasure Valley region since the inception in 2014.

We have tackled a variety of high-profile projects in the area since 1999 including work for police departments, fire stations, a city hall, offices, and industrial buildings and now we are moving into the multifamily market.

It was the perfect combination of opportunity and being able to partner with the right people, where we have partnered with Aaron Elton, president of ipCREF, who has generated more than $500 million in commercial real estate financing for our construction projects and our companies are developing four multifamily projects consisting of roughly 1,000 residential units in the Treasure Valley area.

Aaron and I have emerged as a little bit of a powerhouse because we can plan, develop, construct and deliver, and our market has not seen that combination recently, we’re a totally different team than what is normal in our market.

For instance, one of the four projects is a 180-unit luxury apartment complex called Central Park Commons. It features one-, two- and three-bedroom floor plans. The $32 million projects are being constructed in phases with a projected completion date in mid- to late 2018.

The 200,000-square-foot multi-building complex will stand out thanks to its amenities, units will feature quartz countertops, high-end cabinets, stainless steel appliances, walk-in closets and a mixture of carpeting and hardwood floors, it’s definitely top of the market for Idaho.

Other amenities include a community patio with full outdoor kitchen, semi-private seating areas scattered around outdoor fireplaces, an outdoor and indoor playground, sport court, state-of-art fitness center, yoga studio, tanning bed, massage bed, outdoor pool, and a splash pad. A media room for screening events and movies and an indoor kitchen and entertaining areas are additional amenities. The complex’s 4,000-square-foot clubhouse features a two-sided fireplace and opens into the outdoor kitchen with sports fire pits and wood fire pizza oven.

We redesigned the clubhouse and made it very user-friendly, the workout room has a glass wall that is integrated with a kid’s area so you can see your kids at all times. In addition to Central Park Commons, we are working on a high-end 250-unit apartment complex set to break ground in spring 2018. The $48 million projects, called Mackenzie Meadows, will consist of 22 two- to four-story buildings that will encompass roughly 270,000 square feet.

We are also developing the Summer Town and Jasmine apartment complexes, Summer Town is a 270-unit, 260,000-square-foot mixed-use complex. The $40 million projects, scheduled to break ground in 2019, will be attached to 10 townhomes. Jasmine Apartments will span over 20 acres and its buildings will take up roughly 600,000 square feet. Its 600 units will also be attached to townhomes. The $80 million projects are set to break ground in 2019.

All three projects will include high-end amenities similar to Central Park Commons. And one of the things we incorporate in all of our complexes is pet amenities like pet wash facilities and pet parks, I believe the amenity package really pays you back because it provides quality of life. Contact us about future investment opportunities: http://bit.ly/ToolsForFinancialFreedom

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