Buying my first investment property

[Kevin Stalker]

I recently moved to Boise area to buy my first investment property. I was planning on using my first time buyers program to get into a property for little out of pocket.

Once my grandpa visited he also wants to buy a house in this area. He knows my goals and also wants to buy a property for investment purposes.

We both think it would make sense to split the mortgage on a duplex, or a property with two houses on it. My house or side I would rent out and hopefully make a few hundred dollars a month in cash flow. The plan with his side would be having it as an Airbnb during the months he’s not living in it for additional cash flow.

My question is this. Would it be better for me to use my first time home buyers program on a house with my grandpa? Or would it better to put the duplex under his name and fork out the 20% down payment. Then after 6 months to a year buy my second investment property under my name (without a partner) and use my first time home buyers program then?