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Updated about 7 years ago on . Most recent reply
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What is the "investing climate" like in Boise Idaho?
I'm considering moving my family from Kansas City to the Boise Idaho area. It looks so pretty and I love the idea of year round outdoor activities. However, before I can move forward with that decision, I want to know more about the Boise market. In particular, I would like to know more about the market for flipping houses. I know it is a popular area but wondering if its an oversaturated market for flipping? Wholesalers, are you having success finding properties well below market value? Flippers, are you able to renovate and sell for a profit? What is the competition level in Idaho? Is it easy to acquire lists?
Any info would be helpful! What are the areas of Boise I should concentrate (Eagle, Meridian, Nampa)?
Most Popular Reply
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@Paul Herman, you are absolutely correct on the benefits of Boise and the quality of life. Flipping here is competitive and I've personally seen margins dropping, but it's still a definite possibility. Wholesalers seem to be finding a few more deals in the winter months then they were in the very hot market summer months. There's also a lack of quality contractors with all of our growth, so be aware if you are not going to be doing the work yourself. It seems those that are doing really well flipping here are doing large volumes at smaller margins. Makes those of us that do smaller volumes work that much harder for deals that make sense.
On the plus side the inventory here is very low so prices are continuing to rise for resale and there are some very good resources right here on the BP network in Boise.