Real Estate Investor · austin, TX · Member since 2014 · 57 posts · 7 votes
Hi all,
I am considering moving to:
New Jersey
Texas (staying here)
Boise, ID
Salt Lake City, UT
Albuqurque, NM
I am starting a new job and I want to own rental properties. I currently live in Austin and the market here is INSANE. Finding a home is hard, let alone a multiplex.
How is the real estate market in ID, NJ, UT or NM? Are the homes overpriced? Taxes too high? Can you find good deals that meet the 1% rule ( this is my most pressing issue)?!
Investor · Boise, ID · Member since 2011 · 1k+ posts · 736 votes
11y
Hi @Daniella Ortiz - how nice to have options! There is no one sentence answer - but if you are seriously considering moving to Boise, I would be happy to provide direct feedback. 208-608-4884. I am sure there are a myriad of pros and cons to every option you listed, including which job you wind up taking!
The more I look at other locations the more I like the Boise area. It's pretty easy to find renters and you can find properties that work, but they go fast which is why you need an agent to bird-dog for you. @Jonna Weber is active in the REI Club here, has good contacts in the area and can help for sure.
Investor · Salt Lake City, UT · Member since 2014 · 58 posts · 12 votes
11y
Taxes are great in SLC and code is very business friendly. However, prices are high enough that for 1% deals you have to be looking in the right places and have to get pretty creative.