What is Working in The Boise Market Right Now?

[Jacob Zivanovich]

I'm analyzing house-hacking deals in the Boise area and wanting to hear from an experienced investor here. 

Looking for small-multi's, and some work! However, there's not a high inventory. Are there a lot of ADU's in this market? Trying to find out what the ideal property is in this market as a newer investor.

[Joey Banasihan]

Hey @Jacob Zivanovich! General inventory is low, as you probably know, but small multi-families are some of the hottest commodities in the greater Treasure Valley. You'll have better luck looking in Canyon County (Nampa, Caldwell) for inventory, and vacany rates are currently better out there than Ada county. But it all comes down to your goals and what steps you want to take. With Boise, their Upzoning just initiated December 1st which means it provides a lot of opportunities for investors to build ADUs/Additions/Lot Splits for many SFH zoned R1-C (which is practically most of them haha). So if you find the right SFH, build an ADU, and you have now have two rentals, which do not have to be owner occupied. Happy to talk more, just let me know and good luck!