Updated about 7 years ago on . Most recent reply
Multi Family Homes
Howdy y'all. I am interested in possibly purchasing multi family properties (2-4 units) in Boise and would love to connect with anyone that is doing so to get a lay of the land.
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@Steven Gillmer @Account Closed I am also a small investor in the Boise area and I have found it very hard to find deals that pencil out in the last year. We have had strong appreciation in Boise since 2011 and the cash flow is just not there. Unless, you can find a property where you can really add value. The area is growing and there is new job growth, but the market valuations are starting to feel similar to 2008 when the prices fell by 40%. I would not expect such a significant downturn this time around, but it might be best to keep looking until the market cools a bit. The prices might be better down the line. Good luck on your search as Boise is a great area.