All Forum Posts by: Eric Giovannucci

Howdy from Boise, 

Finding solid deals from our previously used avenues- on-market, networking, and wholesalers- has become increasingly more difficult. So, we are starting to scale our direct-to-seller acquisition method.  Previously, our direct-to-seller deals primarily came from neighbors around our projects and/or referrals. There seems to be an abundance of list-pulling mechanisms, all claiming to be the "best". I am looking to compare/contrast previous users of the following list-pulling systems to see who has used one or multiple of them and see which has historically had the most accurate and up-to-date data. 

Propstream- This seems to be the OG. I have heard they have had issues with inaccurate data. 

Propwire- Free for the first 10k pulls, which is appealing, but have no idea the accuracy. 

Batchleads- Havent tried them yet 

List source- Havent tried them yet 

Deal Machine- I have some issues with using Google Maps data as I feel that it can be wildly outdated and inferior to D4D in real life.

Also, I'm looking for recommendations for skiptracing. I have used propstream skiptracing and found it to be inaccurate. I have considered Easy Button Skip Trace and LexisNexis. I'm looking forward to hearing others' experiences with these and others. Thanks!  

Come join us for our first Investor Social in downtown Boise, Idaho!  

Here is the Facebook event, please RSVP! https://fb.me/e/2ykq95M8x

No sales pitches, no speakers, just a free beer and an event to network with like-minded individuals! 

Our goal is to create a space where everyone in the Treasure Valley investor space can come together to exchange value. We are here to begin building a community that helps each other succeed!

Reach out to me or @Joey Banasihan for further information! 

Hey Jo,

A lot to unpack here- but I think your first step is going to be talking to the city and seeing what you are able to do with that land- if anything at all. 

The water/sewer is not going to be an issue, as most in the rural areas of Idaho are on well/septic anyhow. This however will be important to remember when/if you move forward thinking about how long the process will take to drill/receive certification for the septic. 

I am out in the TV area so our rules are much different, but feel free to shoot me a message if you want to get some more specific help! 

 Submarkets to growing metropolitan areas. 

Why? People are being priced out, and the blue collared workers are moving out of the city. 

My favorite example-- San Francisco/Oakland's growth and how it turned east bay county into miles of million-dollar homes on the highway corridor. 

The market I currently invest/work as an agent in Boise. Following the previously noted migration patterns outside city limits would put us looking at smaller submarkets/upcoming metro areas that would be in a direct migration path and allow an easy commute to the major metropolitan area. 

Boise,ID-->Nampa/Caldwell, ID

Info on the Nampa/Caldwell Markets: 

Zumper Rental Analysis For Nampa
Nampa Voted #1 run city in America (Wallethub)
Nationally Recognized Growth (Census)

Nampa Growth (Boise Dev)
Economic Stats
https://www.downtownnampa.com/

Caldwell
Zumper Rent Analysis for Caldwell
Destination Caldwell
https://www.indiancreekplaza.com/
https://boisedev.com/news/2022/04/08/caldwell-idaho-growth/
https://www.census.gov/quickfacts/fact/table/caldwellcityidaho/BZA010220

If you are interested at looking at more specific numbers, let me know 👇

Hey Jessica! Welcome to the fun world of Investing in Idaho! I am down in the treasure valley, but if I can do anything for you to help get started feel free to reach out, and we can hop on a call! 

Looking for two tickets! Feel free to dm me or text me at the number in my signature! 

Anyone looking to sell 2 bpcon tickets? Feel free to dm or shoot me a text, thanks! 

 Multifamily is the way to go right now. Rents are holding steady, and as more home buyers are priced out of the market, we will continue to see these rise over time. 

Washington not being a very Landlord friendly state, I am hesitant to invest there, same with Oregon/Norcal.

Boise was previously mentioned. However, I would say you're the best interest is going to be in the submarkets of Boise. Canyon County (Nampa and Caldwell) still have room to grow, they are becoming the exit strategy for those that are tired of the infrastructure lags of Ada county (Boise,Meridian etc). This is also the migration trend for middle-income earners/ blue collared workers -- who are also the people that have been priced out of buying. 

Let me know if you want to talk numbers on those areas- but I have pushed many MFH investors out in that direction and have not heard a complaint yet on returns. 

Anchorage, Alaska- Cash flow on LTR/STR is fantastic and a hidden gem.

Submarkets to Boise- Nampa/Caldwell is great. But, not terrific unless you build. 

Oddly enough, the Boise market is slowing down in rentals from my perspective, but not to the tune of what was previously shared. 

I just fully rented a triplex in Nampa (submarket to Boise) in 2 days. I had not even fully syndicated the listing through Zillow, etc and we had 146 applications. Mind you this is in a low-cost neighborhood (1200-1400 for a 2 bedroom). 

Overall, if you aren't looking for a 3500-4500 listing, things seem to still be moving from what I have seen. 

Disclaimer: I only manage a handful of properties at this time. So someone may have a different perspective that has a larger portfolio.