Investor · Twin Falls, ID · Member since 2018 · 83 posts · 9 votes
So I checked out the market place and the forums to find out what houses have been posted and are available in Idaho and I'm just curious why there's only two that are listed? May I be lead to assume that if I was to start a deal and try to post it on this bigger pockets profile is it going to be a great opportunity for someone to see it or will it be like a ghost town as they're only two listings on there for the entire Idaho State?
Maybe the deals are moving so fast and easily in Idaho that there is no reason to post to BP in search for out of state or distant individuals. Also, Idaho is a fairly small market so the activity on BP will be much lower in comparison bigger markets. I know there are a lot of hot spots in Idaho right now. I speak with a broker and property management company in the Boise area and homes fly off the shelves for them right now. If I am sent a great deal and it takes me longer than 24hr to respond, it’s gone.
Maybe the deals are moving so fast and easily in Idaho that there is no reason to post to BP in search for out of state or distant individuals. Also, Idaho is a fairly small market so the activity on BP will be much lower in comparison bigger markets. I know there are a lot of hot spots in Idaho right now. I speak with a broker and property management company in the Boise area and homes fly off the shelves for them right now. If I am sent a great deal and it takes me longer than 24hr to respond, it’s gone.
Rental Property Investor · Chubbuck, ID · Member since 2018 · 532 posts · 466 votes
7y
Yeah there is no need to post your listing here for an Idaho listing. The market is hot in BOISE and Pocatello right now. What type of property are you listing and what city? I invest in East Idaho.
Investor · Twin Falls, ID · Member since 2018 · 83 posts · 9 votes
7y
Eventually going to be posting a newly remodeled 5 bedroom 3 bath house with a 2 car garage in Twin Falls, Idaho. I had other posts before on the price and such for what he wants for it but with one other house that is even comparable is 40 grand more because of the square footage. You all can check it out and maybe be able to suggest if I should even continue with the contract or not?
The address is 1140 blake street North, Twin Falls, Idaho.
I hoped to get the house for $205,000 and then turn around and assign my position to another buyer for $230,000 (as per his appraiser quoted the ARV)
The issue I am seeing is most people NEVER pay for What is actually quoted and thus people want to pay 70% of that instead..... I dont want to have him take a loss on it or myself included missing out on a opportunity to launch my career for real estate investing......
I REALLY want to hold onto this property and make it a rental which would be great significant cash flow but as I'm just atarting out I could use a little chunks of change to reestablish my bills and better my finances first and have more options to move forward with other endeavors later on.
Basically a ready to move in type of place after it warms up and he plants new sod also. I believe the word is turn-key property? I'm still new and learning all this so any help and advice I'd love to hear it!
Thanks for reading my reply and look forward to hearing from the community.