$210k to invest (based in Boise, Idaho + New Hampshire)

[Gabe Blanchet]

We are starting with $210,000. I have 4 units already in Boise, Idaho through house-hacking over past few years, so I do have some experience with my own investing + PM. Now we're doing this as a family, so I feel a lot of responsibility to get us started on the right foot!

My current plan is to evaluate properties and buy a mix: 1 property in Boise, Idaho (appreciation-focused duplex or SFH with very little CF) and ~2 properties in Keene, New Hampshire (CF-focused duplex's for $80-120k needing bit of rehab). I think we can probably buy one $400k property in Boise and two $100k properties in New Hampshire using ~75% LTV leverage (and reserving some of the initial capital for small updates/reno's). We plan to self-manage these properties for the coming few years as I am based in Boise, ID and some of my family is based near Keene, NH but want room in the CF for professional PM in farther future.

Our goal is to put any and all proceeds back into the business for next few years, and then in ~2025 we plan to refinance + pitch in more capital on top to enter into larger multifamily CRE. Any thoughts/advice/connections are greatly appreciated!

[Daniel C.]

@Gabe Blanchet

Also make sure you’re taking into account property tax in Keene. The rate is significantly higher than other parts of NH.