Member from Massachusetts

[Laura DePalma]

I am an investor from Massachusetts looking to purchase properties in two specific areas:  Portsmouth, NH and Lynnfield, MA.  My intent is to buy, renovate as needed, rent for five to fifteen years and then sell when market conditions are favorable. I am familiar with property values in these locations and I believe both are excellent rental markets for different reasons.

What is the best way to build a network of wholesalers for these two specific areas? Or, how can I best find undervalued properties?  I have been working with agents and have had some limited success finding properties that are below market.  In the past year, I have purchased and rented one property and I have another under agreement.  Both were acceptable deals but I am looking to improve my process.

Thank you in advance for any advice you can share with me.

[Robert Nason]

Welcome Laura, I agree with the other biggerpockets members in regards to the challenges you face in Lynnfield and the emerging area of Portsmouth New Hampshire. There are a lot of people who do what we do north of Boston, The competition is fierce. I would focus in areas that had more options than Lynnfield. I would recommend Wakefield, Reading, Stoneham and particularly Melrose with alot of inventory that needs updating and the town is on the upswing. I live in Reading, but do all my investing in Lowell. You have to find a location that works for you on many different levels, not only geographically, but economically and have enough inventory to satisfy your goals. Best of luck, and once again welcome to biggerpockets