Looking for help in Boise, Idaho

[Ivan Dodic]

Hello All,

I am a California investor who has come across a 40 unit apartment complex opportunity in the Boise area. The challenge is I am not extremely familiar with Boise but am doing quite a bit of research in an attempt to get myself up to speed. I have a few questions if anyone is willing to help me:

1. Any recommendations on property managers for a 40 unit building?

2. Any general thoughts on Nampa? Does it need to be looked at on a street by street basis?

3. What cap rates can I expect in the Boise area?

4. Are eviction laws landlord friendly?

I am coming up on October 2 and will be looking at the property on October 3, if anyone is interested in having a pseudo meet up on Monday night to have a discussion and watch some football I would be happy to host. Thank you in advance!

Ivan

[Tyler Resnick]

It seems like a 6-cap is the new norm around here. There is some cap rate compression with an influx of inventory. There has been an apartment complex boom in Boise for the last three years with a ton of new units coming on-line. Nampa and Boise are often looked at as different markets in this valley even though they are connected generally speaking. Nampa has been undergoing some efforts to improve crime rates. I would definitely check out the neighborhood prior to purchasing. There are great parts of Nampa, and also not so great, so I recommend putting your eyes on it.