All Forum Posts by: Dolf Al Emara

I spent pretty much all last weekend with the BP calculators trying to figure out how to make the new construction in Nampa make sense... and for me it just doesn't. I wouldn't mind banking on appreciation under normal circumstances (without the uncertainty of Covid), as long as I still have some cash flow, but most of these calculated negative.

I'm still new to the game and learning, but just thought I would share :).

Hi Trina,

I am in the same boat as you. I feel like, the more buildings in the space, the less prices should be. here is the catch: I talked to Agents and property mgmt from the treasure valley area, and they all said that the inrush of people moving to Nampa made it still appealing to investors to buy pricy multifamily buildings.

to me personally, unless I see the numbers make sense with my projections, I would not buy just because everybody is buying. this is not my mentality as an investor.

cheers!

Dolf

0 Votes

Originally posted by @Moises R Cosme:

1. Call the building department in the town & ask them if there are additional requirements that you need to meet for a 4 family. 4 family is typically the line of demarcation for commercial property; commercial has different requirements & standards that add some cost to ownership.

2. I recommend reaching out to an Agent & getting a report on sales for comparable properties over the last 90 days and rents as well.

3. Out of state investing is all about understanding the immediate area to your investment. Make sure you are looking at comps within a half mile (even if you have to go as far back as 18 months); property value in the neighborhood is the most important thing.

1. not sure why I need to call department. do you think the city will not allow me to buy in their city? I doubt it.

2. I have sales comp for last year to date for Mountain Home city. the price I got for the 4-plex building is good and below market by 5% or so.

3. I already did that. I want more info on that regard. do I need to look for employment numbers? is city population is key? how can I look at a city as a full picture, not only few cosmetic things like comps.

the main question is, and I repeat. should I buy in Nampa? or in Mountain Home? and why?

thanks for the reply.

Dolf

1 Vote

Hi investors,

I am an investor from California and would like to invest out of state for the first time in my life. I am familiar with SF bay area and LA area markets. however, I know little bit about Nampa, Eagle, Boise, and Mountain Home areas in Idaho. they look good on papers, but what should I be looking for as a market research before committing to buying? I am starting with buying a FourPlex in Either Nampa or Mountain Home.

for the seasoned, out of state investors, what things I need to look for before buying to avoid surprises in the future? my main concern is, I want to gain little bit on all four aspects of RE profits, i.e. appreciation, cash flow, loan pay down and tax.

the other concern, I see there are plenty of subdivision under construction in the Nampa area and rapid price increase in properties. should I still buy in Nampa before it's too late and capture some appreciation? or just buy in Mountain Home (not much building going on, not sure about appreciation there)?

Nampa population 2020: 96,000.

Mountain Home population: 16,000.

I am all ears.

cheers!

Dolf

0 Votes

All Forum Posts by: Dolf Al Emara

Dolf Al Emara has started 4 posts and replied 13 times.

Post: what do you think about investing in multifamily in Idaho?

Post: what do you think about investing in multifamily in Idaho?

Post: what do you think about investing in multifamily in Idaho?