Southern New Hampshire Owner Occupied

[Sean Ebert]

Hello all,

I have been on BP for a couple years now soaking up information. I'm finally ready to pull the trigger and start my investing venture. I will be purchasing a multi family owner occupied property for a buy and hold. I've already been approved for an FHA loan and have started my search.

My question is what market in southern NH do you like to invest in or recommend to invest in?

I currently live in Nashua, NH and work in Merrimack. I would like to stay in the general are but am open to different locations/markets. I know pricing a rents vary from town to town. I plan on calling some property management companies in the area to get an idea for the market rents.

I appreciate any and all input!

[Ann Bellamy]

Sean, I actually live in Nashua.  

Since you are going to live in it, I think you should first determine what areas you are comfortable living in.  If you have kids, you want to consider school system.  The probably with Nashua is that the areas of the best schools don't have many multis.  If kids are not the issue, then you are more flexible.  

In Nashua, as you know, you need to be careful of neighborhood.  The same holds true in Manchester.  

There are a couple of duplexes in MLS in Hudson, which is a fairly easy rental area. I'd also look at Derry/Hampton. Don't overpay there, there are lots of sfr's available there, but it's a thought. Also maybe Plaistow/Sandown. You'll be on the wrong side of the river, but with the airport access road, it's not that bad.