Multi-Family in Boise, Idaho

[Wyatt Maa]

Aloha Everyone,

I'm a new investor coming out from Honolulu, HI. I have done some market analysis across the country and it has led me to want to do some investing in the Boise area. Just wanted to ask some general questions about the area to get a more boots on the ground perspective.

How are the multi-family returns in this market? (3-12 unit complexes)

What are some advice to start building a team in the boise area?

Good investor friendly agents you recommend?

I have some built up equity that I have access to and figured i'd want to start my investing journey in the Boise area. Thank you in advance for anyone that has contributed. 

[Trevor Reilly]

@Wyatt Maa

Hi Wyatt! From what I've seen it's hard to net a cash flow currently investing in Boise until you get into 4+ units and $800k. It's a large barrier to entry for most people, but it's doable. I have an agent I'd happily refer you to if you want to DM me, he's one of the most active Boise REI people I know but he's not on BP. I'm an agent as well, but fairly new to Boise.

There are plenty of good property management options here and vacancy is very very low at the moment. Some might disagree with me but I see Boise as more of an appreciation play from a home value and rental increase stand point.

From everything I’m hearing right now most GCs have quite the list so new construction and light to no cosmetics are the best bet for quick turn around. Take that bit with a grain of salt because I’m primarily investing out of state right now for cash flow purposes.

I hope that helps and let me know if I can be of any assistance!