Moving to Keene, NH & Getting Started with Real Estate Investing

[Justin Colletti]

Hi all,

Long time lurker and student of BiggerPockets here, and I thought it was about time to say hello!

The wife and I are starting a family and are excited to be moving to Keene, New Hampshire this spring, where we are working on purchasing our first property.

We love the area and the people, and are very happy to find that investment properties pencil out much better in Keene than in similar areas where we had been looking in New York's Hudson Valley.

We're shopping for a primary residence now, and are set on purchasing 1-2 investment properties each year going forward, whether in town or in nearby markets, so I'm sure we'll run into many of you!

Ideally, we'll find a good home to purchase for a move-in on May 1 or June 1 this year. We've been following the local market for about a year now and have been finding some very good options so far. (We've primarily been looking at single fams on good blocks priced between $120k and $150k and multifams priced up to $200k-$250k—outside of the flood zones to start.)

We're especially keen on the idea of finding a good multifamily that would work as a 203k rehab (and that would be within reason for a couple of beginners to take on) and still have our fingers crossed for a great option on that front.

In the coming months, we'd be very interested in meeting good contractors, reliable wholesalers and older investors who might be interested in saying hello. We're always looking for opportunities to collaborate and meet great new people.

In the off chance we aren't able to find a great deal to purchase for May 1 or June 1, we're still set to move up to Keene anyway, into a shorter-term rental where we'll be even more able to jump on good opportunities as they arise.

Thanks for reading and looking forward to meeting you in town sometime soon!

-Justin and Maria
Soon-to-be residents of Keene, NH

[Chris Luksha]

Welcome Justin and Maria.  let me know if you need someone to go take a look or two for you. I am located in Jaffrey but travel to Keene often enough.  I can grab you some pics etc. You are very correct that Keene is better placed for investment then the surrounding area.  Just over the mountain here in Jaffrey and surrounding area, the homes are their but the renters are not.  It is currently more affordable to buy then to rent in this area from what I have seen.  (Except for the many auctions etc.)

Let me know when you are in the area again I would love to grab a cup of coffee, tea, whatever the next time you are around (assuming you are in the Hudson Valley area that is ;) My job - Carpenter, GC. My Dream - multifamily investor. My Current Reality - Husband striving to leave a legacy for my wife and wonderful kids.

Blessings,

Chris