All Forum Posts by: Shirley Richey

@Christina Ng

As far as areas to avoid- what type of investments are you interested in on a scale of: full rehab with foundation work to turn key?

We do have an opportunity zone here in Pocatello that encompasses some of the original townsites. With that, you’re looking at homes that have fallen into disrepair or commonly need foundation work due to the original foundations being comprised of cinder blocks or even rock. Most of these homes were constructed from 1900-1940 as well.

The University neighborhood is frequented by investors due to it’s proximity to the university, hospital, and ease of access to the interstate.

Chubbuck is a newer developed suburb that also has fantastic rental opportunities. Many of those properties are 1970s and newer.

Hey @Christina Ng

I’m a local real estate agent serving Pocatello. We are currently seeing unprecedented increases in real estate values here and have been over the last three years.

Our inventory is pretty low at the moment (30single family homes active on the mls today), but we’re still consistently seeing cap rates on 2+ units anywhere from 6-9%. Pocatello is a great place to invest, as are some of the neighboring areas.

I’d love to help you on your journey investing in the area and answer any more questions you may have.

-Shirley

@Isaac Islas

Both Pocatello and Boise are great areas!

Pocatello puts you closer to Jackson Hole (2.5hrs), Big Sky (3.5hrs), and Yellowstone(2.5hrs) which all have great tourist and outdoor recreating opportunities year round. Salt Lake airport (international) is also only a 2hr+15min drive. It’s a quaint little town nestled into small mountains with a few breweries, upcoming food scene, and it’s fair share of outdoor enthusiasts.

Boise has great outdoor rec opportunities as well, but with the amenities of a larger city (228k population vs 56k). Their food scene is far more developed and they’re quite pedestrian and cyclist friendly, too.

Pocatello’s average sold home price in the last six months is currently sitting right around $245k ($250k for Chubbuck), and while I’m not certain to what Boise’s metrics are, my understanding is that they are relatively higher.

Good luck in your endeavors, Isaac, and if you end up coming through Pocatello, I’m happy to give ya some recommendations for the area in regard to food/activities! If you decide to rent/buy here I’d love to get you in touch with some of the investors I work with and/or help you find home :)

@Julie DeWolfe Arroyo

Hello, there! I'm a realtor in the Pocatello area and we have a local REIA that meets every third Wednesday in Idaho Falls. If you Google "Idaho REIA" it should pull up their FB page.

Hope this helps you :)

@Jennifer Pauyo

Newbie investor and agent sending love from Pocatello, Idaho, though I’ve been involved in different facets of real estate for about a decade now.

Sure am enjoying seeing a group of powerful women here 🤗