what is happening in boise idaho

[Nadia Alrawi]

ok boise investors....i am going nuts trying to make a decision and need your help.....i live in northern cali and own several rentals there. ready to purchase another property, i feel cali is getting too crazy pricewise so i started researching boise idaho. It has a phenomenal growth rate and seems particularly safe. Everything in my mind points to Boise except that it would have been awesome to invest 5 years ago. I realize I am not going to get the super awesome deal. We came here and looked at houses. As of now the way the prices are it is a barely Break Even if i put 30% down when looking at rental cash flow. But I am betting more on appreciation. We are cash flowing plenty from our other properties so we have a good buffer. I would Cashflow positively if I would put 40% down which is possible. My biggest concern is the crazy amount of construction going on here. Any opinions on what housing will look like 5 years down the road when all of these extra houses are standing? What about rental demand? Would love to hear any opinions.... thanks

[Eddy Udry]

Hi Nadia

Those are great points you made about Boise. The market here is excellent. Yes 5 years from now there could be extra inventory. 

But according to Forbes and other local predictions that by 2050 that there is going to be a million people here in the Treasure Valley.

As always we can't predict the future. But Boise is looking  very promising.

Message me if you have any questions or need any numbers. 

Eddy