Finding multifamily listings in New Hampshire
Moe CollinsPro Member
New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votesFinding multifamily listings in New Hampshire
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Patrick McCannPro Member
Realtor · NH · Member since 2022 · 113 posts · 59 votesQuote from @Moe Collins:
I am new to real estate and seem to be having trouble finding listings for multifamily investing. I am located in the state of NH. When I look in Loopnet, Crexi, and Zillow. Are there better places to search?
commercial brokers is how you will find the commercial multifamily. A suggestion would be listening to The Multifamily Wealth podcast hosted by Axel Ragnarson (I may have spelt that wrong) he has been successful in buying multifamily direct from sellers.
9 Replies
- 1yPatrick McCannPro MemberRealtor · NH · Member since 2022 · 113 posts · 59 votesI take it you’re specifically interested in looking at commercial multifamily(5+ units)? Occasionally one will be on the MLS, but for the most part many of them you will never see listed. Building relationships with
Quote from @Moe Collins:
I am new to real estate and seem to be having trouble finding listings for multifamily investing. I am located in the state of NH. When I look in Loopnet, Crexi, and Zillow. Are there better places to search?
commercial brokers is how you will find the commercial multifamily. A suggestion would be listening to The Multifamily Wealth podcast hosted by Axel Ragnarson (I may have spelt that wrong) he has been successful in buying multifamily direct from sellers. - New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votes1y
Thank you Patrick. I am very new to real estate and feel that any sort of multifamily real estate would be a great way to start. Whether that be a duplex or more. But like I've heard Brandon Turner mention before in his books, 1 loan for multiple doors is easier than a loan per door. I'm not sure of your experience, but do you feel there are better/more available opportunities out there in New Hamphshire in a different type of real estate? It seems like single family homes prices are out of control. I also don't have any relationships with brokers yet. I can only assume that a lot of deals don't tend to make it to the MLS? Either way, I appreciate your feedback and will keep building experience.
- 1yPatrick McCannPro MemberRealtor · NH · Member since 2022 · 113 posts · 59 votes
Quote from @Moe Collins:
Thank you Patrick. I am very new to real estate and feel that any sort of multifamily real estate would be a great way to start. Whether that be a duplex or more. But like I've heard Brandon Turner mention before in his books, 1 loan for multiple doors is easier than a loan per door. I'm not sure of your experience, but do you feel there are better/more available opportunities out there in New Hamphshire in a different type of real estate? It seems like single family homes prices are out of control. I also don't have any relationships with brokers yet. I can only assume that a lot of deals don't tend to make it to the MLS? Either way, I appreciate your feedback and will keep building experience.
In more populated areas of the state single families do not make sense to rent, it's likely you can find duplexes for similar prices as a single family that will rent for more. 2-4 units will make it on the MLS, but NH is has had a low inventory of listings across the board for awhile now which could be why you're not seeing many listings.
I’m a Realtor in the seacoast area and 2-4 unit is what I pay a lot of attention to as it’s also what I like to buy.
- Specialist · Huntingdon, PA · Member since 2018 · 162 posts · 147 votes1y
Hi Moe,
Patrick mentioned it above, building solid connections with brokers is one of the best ways to find multifamily deals. Reach out to the brokers in your area, even if they don't have any properties you are interested, you can let them know what you are looking for and it is an opportunity to make that connection. Keep following up to let them know you are serious and to continue building that connection.
Connections with local realtors, contractors and property managers can sometimes lead to a really good multifamily deal too.
What are your goals with your first multifamily property?
- New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votes1y
Hi Amy,
I appreciate the feedback. When you say broker, is that different than a realtor? Experience? I apologize for the lack of knowledge on this subject, but I'm one to make sure that I have the correct information so I can speak intelligently to others moving forward. I'm not one to "fake it till I make it". I do agree that networking is very important in any aspect of life. I own an automotive business and have come realize that it's all about who you know. We have a few contractors, property managers, plumbers, electricians, etc for clients and I've been picking their brains as I've been navigating this new venture. My goals for my first multifamily property haven't been 100% clarified due to what I'm seeing for opportunity. I'm a very logical person and am starting with absorbing as much knowledge as possible through books, podcasts, webinars, etc. I've wanted to get into real estate for awhile now, but the business has occupied most of my time. That situation is starting to level out and my wife and I are looking to pursue real estate together. If you don't mind me asking, how did you get into real estate and do you have a preference?
- Specialist · Huntingdon, PA · Member since 2018 · 162 posts · 147 votes1y
Hi Moe,
Great question and no need to apologize:) A realtor is a licensed real estate agent while a broker has additional licensing, can work independently and may supervise real estate agents. Building relationships with both agents and brokers in your area can lead to deals.
That is a very true point, it is all about who you know! It sounds like you have some good connections already through your business! Funny enough, I didn't start out in RE, but just providing a service to RE investors (about 20 years ago). After attending lots of events and talking to others, we decided to start investing passively. We always wanted to be involved in RE, but didn't have the time, as you mentioned, because of running a business.
So now my husband and I invest passively, but our main focus is helping active investors - syndicators - build systems to automate their marketing and follow-up so they can raise more capital and scale their business. I have come across a few deals locally that I seriously considered just by keeping an ear to the ground. Another investor who had a portfolio and was ready to retire, for example.
That is awesome that you have the desire and are trying to gain as much knowledge as possible. A big important step though, is getting clarity on what your goals are as that will impact the decisions you make and the ones you don't. Why do you and your wife want to get into real estate? What are you hoping to accomplish? What does success look like to you? The answers to questions like these will help you figure out where you want to go and then it is easier to make a plan to get there.
Keep learning and looking and happy investing!
- New to Real Estate · Concord, NH · Member since 2025 · 9 posts · 6 votes1y
Quote from @Amy Heitner:
Hi Moe,
Great question and no need to apologize:) A realtor is a licensed real estate agent while a broker has additional licensing, can work independently and may supervise real estate agents. Building relationships with both agents and brokers in your area can lead to deals.
That is a very true point, it is all about who you know! It sounds like you have some good connections already through your business! Funny enough, I didn't start out in RE, but just providing a service to RE investors (about 20 years ago). After attending lots of events and talking to others, we decided to start investing passively. We always wanted to be involved in RE, but didn't have the time, as you mentioned, because of running a business.
So now my husband and I invest passively, but our main focus is helping active investors - syndicators - build systems to automate their marketing and follow-up so they can raise more capital and scale their business. I have come across a few deals locally that I seriously considered just by keeping an ear to the ground. Another investor who had a portfolio and was ready to retire, for example.
That is awesome that you have the desire and are trying to gain as much knowledge as possible. A big important step though, is getting clarity on what your goals are as that will impact the decisions you make and the ones you don't. Why do you and your wife want to get into real estate? What are you hoping to accomplish? What does success look like to you? The answers to questions like these will help you figure out where you want to go and then it is easier to make a plan to get there.
Keep learning and looking and happy investing!
To answer your question. Why do my wife and I want to get into real estate. I opened our business 3 weeks before my daughter was born and my wife wanted to go back to work a few weeks after giving birth, but her mom (our care taker) ended up having some health issues and ended up becoming a stay at home mom. That was almost 8 years ago. As much as she like to help with the automotive business we own, she wants to make more of a contribution to our overall income while becoming more passionate about her work. Along with that, we'd like to build our savings to allow our daughter to have decisions when she graduates. Lastly, we both don't want to be physically working when we're 70 years old. We feel getting into real estate (no matter the field at this point) will allow us to build a more passive income for later in life. Are you familiar with lending for flipping? From what I understand, banks don't tend to lend on properties that need work. I'm assuming that's where "creative lending" comes into play?
- 1yEric FernwoodBusiness MemberRealtor · Las Vegas, NV · Member since 2014 · 997 posts · 1k+ votes
Hello @Moe Collins,
The type of property you buy should align with your financial goals. If financial independence is your goal, focus on attracting reliable tenants—those who stay long-term, pay rent on time, and care for the property. However, reliable tenants are not the norm.
To find a tenant segment with a high concentration of reliable tenants, ask multiple experienced property managers: "If you were buying a property to attract responsible, long-term tenants, what and where would you buy?" Once you identify the right segment, create a property profile based on what they currently rent. For instance:
- Type: Single-family homes or select townhomes
- Configuration: 3+ bedrooms, 2+ baths, 2+ car garages, 1,100–2,400 square feet
- Rent range: $1,900–$2,300/month
- Location: Areas they already live
Why Multifamily Properties May Not Be Ideal
While multifamily properties are often touted, they’re not always the best choice, especially for new investors. Here’s why:
- Higher vacancy rates: With multiple units, vacancies are more frequent, and without full occupancy, covering operating costs becomes challenging.
- Higher maintenance costs: A fourplex, for example, has four times the appliances, plumbing, and HVAC systems, driving up repair expenses compared to a single-family home.
- Frequent turnover: Vacant units often require costly renovations to prepare for new tenants, further impacting cash flow.
Consider Charles Lindbergh's 1927 solo flight from New York to Paris. Initially, a two-engine plane was considered for safety, but planes of that era couldn't stay aloft for long on one engine. This meant a two-engine plane doubled the risk of crashing into the Atlantic, without adding any advantages. Lindbergh opted for a single-engine plane, prioritizing simplicity and reliability.
The same principle applies to real estate investing: focus on your goal and choose tenants who meet your needs. Let these tenants guide your property choices rather than following others' opinions.
FERNWOOD Team, KW VIP Realty520 Reviews - Specialist · Huntingdon, PA · Member since 2018 · 162 posts · 147 votes1y
Hi Moe, thanks for sharing that! That is definitely what most people want, to be passionate about our job, be able to provide for our families and eventually be able to enjoy retirement:) Eric does make a good point, sometimes starting small and working up to multifamily is the way to go, that would depend on you and your wife.
I am not sure what you mean by lending for flipping, but I am sure it would depend on the property and the lender, if the property needs a little work but you could flip it for double the purchase price, I can't see a lender saying no. That would require some number crunching ;) What I can say to that is do your research and pick the type of investing and investments that will help you and your wife reach your goals.
If you want to connect, just send me a colleague request and I would be happy to share some resources you might find helpful!
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