New aspiring investor from Southern NH!

New Member Introductions
5yFollow

New aspiring investor from Southern NH!

Jeremy C.
Rental Property Investor 路 Member since 2020 路 11 posts 路 7 votes

Hello BP community! I have been lurking for a while on the site and finally wanted to make a post introducing myself. I know it's hard to network these days, mostly because of busy schedules and covid, but I have been making a much more intentional effort to create more connections with experts and amateurs alike far and wide. I purchased my first SFH personal residence this August and have been obsessed with real estate ever since.

My education is in business administration and I plan to continue working my W2 job while growing a portfolio of rental properties. Still trying to nail down what market makes the best sense for my first investment property. I am very interested in southern New Hampshire for owning rental properties, but am having trouble making sense of the low inventory of MLS deals and comparatively high taxes.

As of right now I am definitely looking for like-minded people who love to collaborate and share their experiences, so if you like to chat I'd be so glad to!

Many more posts to be made! Looking forward to getting to know and work with some of you.

All the best, Jeremy

1Reply
8 views

Most Popular Reply

Mike Mocek
Property Manager / Licensed Realtor 路 Toledo/Columbus, OH 路 Member since 2019 路 244 posts 路 262 votes
5y

Hey There @Jeremy C. It is always nice to speak with individuals that are likeminded, especially in this business!  I personally invest in Cleveland (Pulling out though), Akron, OH and Tampa, FL.  You will find, especially when speaking to other investors, that everyone has their own goal and ideas in mind (And that is ok!).  Ultimately, it is what works best for you and your goal.  

I currently am a Realtor in NW Ohio, I work with investors all over that come to Toledo because the cap rates are amazing! Toledo also offers varies types of neighborhoods and style properties within those neighborhoods. For example, you will find a MFH and SFH in any class neighborhood.

When reviewing Toledo properties you will discover that the Toledo market is different from all others, not to mention, extremely low purchase prices on fixer uppers as compared to their retail value, Toledo is full of promises. The need for quality residential and commercial space has become astonishing, making the right investment in Toledo is sometimes not easy with so many different projects to choose from. Whether it is Single-Family homes, Multi-Family homes, mixed use or any other type of property, with such a high demand in Toledo, it rarely stays on the market for a great length of time.

Some reasons why so many people are flocking to invest in this cosmopolitan community would be:

- Low inflation
- One of the safest cities in Ohio
- Low cost of living
- Growing metropolitan

If this sounds like something that your goals might like lets chat, I am always open to discuss my personal experiences as well as discuss the Toledo Market.

2Reply
See this reply in the discussion

22 Replies

Jump to latestLatest
  • Murali Ponnaluri
    Rental Property Investor 路 Dallas, TX 路 Member since 2020 路 13 posts 路 2 votes
    5y

    @Jeremy Chartier Hi Jeremy - Congratulations on your purchase. I bought my first Rental in Southern NH last fall and I too am interested staying in the area as well. Right now it鈥檚 been tough to find anything in the area I鈥檓 interested which is Manchester or even Nashua. Like you said, i too am looking to collaborate ideas with like minded people.

    0Reply
  • Scot Masingill
    Manchester, NH 路 Member since 2020 路 5 posts 路 2 votes
    5y

    @Jeremy Chartier I too am new to this whole investing world only just jumping in back in October 2020. While inventory levels are certainly low, you can find opportunity with crystal clear criteria and strong financing. I鈥檓 a strong believer in not necessarily finding a property that鈥檚 a deal, but finding a property you can make into one. Feel free to hit me up any time and wish you the best of luck in the new year.

    1Reply
  • Jeremy C.
    OP
    Rental Property Investor 路 Member since 2020 路 11 posts 路 7 votes
    5y

    @Murali Ponnaluri Congratulations on your purchase during what I would consider one of the most difficult times to purchase property! I imagine that the lessons you are learning from your property are invaluable and will only serve to make the next one that much better.

    @Scot Masingill Thanks for that - Finding a great lender is definitely high on my list and coupled with my wife and my W2 income and credit score I would imagine we can obtain attractive rates. And you are so right - I was just having a conversation with a mentor of mine (he however is not involved in REI) about taking the first action to escape the analysis paralysis I hear so much about. The first few weeks of this year have been great and I have a lot more to accomplish.

    I'm definitely going to reach out to both of you - thanks for taking the time to say hi!

    0Reply
  • Shane Cloutier
    New to Real Estate 路 Dalton, NH 路 Member since 2020 路 116 posts 路 64 votes
    5y

    @Jeremy C. welcome to the real estate family! 

    My wife and I are in the northern end of New Hampshire. We have the same problem in the north with limited inventory. As my wife and I worked our way further and further from our home to find deals we realized we were transitioning into long distance investing. So since we had gone that far in state we decided to look into other markets to find a better chance to find deals. We still watch locally for the possible deals but now we spend the lion's share of our time pursuing deals in Ohio, specifically Toledo for our first long distance market. If you ever decide to do long distance investing we have found so much help right here on BP for networking as well as advice on the process. 

    0Reply
  • Susan Elliott
    Investor 路 White Salmon WA 路 Member since 2019 路 44 posts 路 12 votes
    5y

    Glad you are jumping in @Jeremy C.. There is never a perfect time to start - except right now. I echo @Scot Masingill with having crystal clear criteria. Really niche down to begin with and get good at evaluating that niche. Like duplexes in a specific market. Find ways to contact everyone there.

    I dove in with house hacking and then transitioned to short term rentals while continuing to educate myself in other asset classes. Now I'm fully scaling my Note Investing business and am so grateful that I did the landlord route first (you appreciate not having tenants more if you've dealt with them already).

    If you are lacking inventory, pick another market. There are a lot of great reasons to invest out of state. Agents Invest has an incredible deal list you can subscribe to for very cheap. Their mastermind group also seems to be one of the best for getting into long-distance landlording too.

    And always go back to that criteria and what it is you really want out of your investing. Cashflow? More time? Value-add for bigger upside potential? And be sure you are always going after that.

    And have fun!

    0Reply
  • Marc RiceBusiness Member
    Real Estate Agent 路 Columbus Cleveland Dayton, OH 路 Member since 2018 路 2k+ posts 路 1k+ votes
    5y

    @Jeremy Chartier

    Welcome to BP and hope you can get some rentals for yourself!

    [email protected]614-363-2787
    Marc Rice | Investor Friendly Agent at Reafco Tailwind Team574 Reviews
    WebsiteView Page
    0Reply
  • David Putz
    Investor 路 Jackson, NJ 路 Member since 2010 路 167 posts 路 55 votes
    5y

    @Susan Elliott are you creating notes or buying them?

    0Reply
  • Brandon SturgillBusiness Member
    Real Estate Broker 路 Columbus, OH 路 Member since 2013 路 3k+ posts 路 1k+ votes
    5y

    @Jeremy C. Welcome...sounds like you are off to a good start. Have you decided if you want to stick with single family or move to MF income properties? Have you done any other research on the Midwest markets. There are certainly some strong cities with great price appreciation and proven growth out there.

    937-979-7000
    Realize Multifamily Group11 Review
    View Page
    0Reply
  • Susan Elliott
    Investor 路 White Salmon WA 路 Member since 2019 路 44 posts 路 12 votes
    5y

    @David Putz We are buying them. We target non-performing currently and then sell the performers. I see you have been in the Note space for a long time! We've been doing it on our own for about a year and have come together (Flow State Investing) to scale and grow. I'll give you a follow and check out some of your education!

    0Reply
  • David Putz
    Investor 路 Jackson, NJ 路 Member since 2010 路 167 posts 路 55 votes
    5y

    @Susan Elliott awesome. Yes over 10 years. We have around 100 for sale but we are also buying so love to connect to see what you have for sale.

    0Reply
  • Jeremy C.
    OP
    Rental Property Investor 路 Member since 2020 路 11 posts 路 7 votes
    5y

    First off, I'd just like to say thank you for all these replies and the activity on my post - I'm overwhelmed with the open-ears attitude. Admittedly, although I have been listening to BP every day for nearly 5 months, I have wondered how you can really have a community on an online forum - well the proof is in the pudding so thank you for that.

    @Shane Cloutier Great to meet a fellow small-town NH res! We live in Lyndeborough and having grown up in Nashua, wouldn't want it any other way than looking out to the view of grass, trees, and mountains. Thanks for sharing what you guys are doing - I am trying to take the most strategic approach to choosing a market but truth be told NH is just becoming less and less attractive for investment properties as I explore other markets. We will be up in Lincoln this weekend trying to enjoy a little bit of this snow! Always great to visit God's country to recharge.

    @Susan Elliott I couldn't be more thankful for the awesome words of wisdom you packed into your post! You are so right that I need to dive in. I have been consuming BP podcasts, reading, talking to a couple other investors and trying to hone in on what I want, but truth be told it has been a little intimidating and overwhelming...if it was easy everybody would do it! I am allowed to learn and grow. Also thanks for the tip on the deal list. I have considered STR, and would love to connect about that soon, but for now my plan is long-term. This is going to be an awesome year and I can't wait to share what we accomplish.

    1Reply
  • Mike Mocek
    Property Manager / Licensed Realtor 路 Toledo/Columbus, OH 路 Member since 2019 路 244 posts 路 262 votes
    5y

    Hey There @Jeremy C. It is always nice to speak with individuals that are likeminded, especially in this business!  I personally invest in Cleveland (Pulling out though), Akron, OH and Tampa, FL.  You will find, especially when speaking to other investors, that everyone has their own goal and ideas in mind (And that is ok!).  Ultimately, it is what works best for you and your goal.  

    I currently am a Realtor in NW Ohio, I work with investors all over that come to Toledo because the cap rates are amazing! Toledo also offers varies types of neighborhoods and style properties within those neighborhoods. For example, you will find a MFH and SFH in any class neighborhood.

    When reviewing Toledo properties you will discover that the Toledo market is different from all others, not to mention, extremely low purchase prices on fixer uppers as compared to their retail value, Toledo is full of promises. The need for quality residential and commercial space has become astonishing, making the right investment in Toledo is sometimes not easy with so many different projects to choose from. Whether it is Single-Family homes, Multi-Family homes, mixed use or any other type of property, with such a high demand in Toledo, it rarely stays on the market for a great length of time.

    Some reasons why so many people are flocking to invest in this cosmopolitan community would be:

    - Low inflation
    - One of the safest cities in Ohio
    - Low cost of living
    - Growing metropolitan

    If this sounds like something that your goals might like lets chat, I am always open to discuss my personal experiences as well as discuss the Toledo Market.

    2Reply
  • Susan Elliott
    Investor 路 White Salmon WA 路 Member since 2019 路 44 posts 路 12 votes
    5y

    Yes! Love that - You ARE allowed to learn and grow. It is often the funnest part of this business, that we can evolve so quickly.

    STR takes a few different systems and honestly, more time, so long-term is a great way to get in. There are solutoins for automation though that really make STR great at a bigger scale. In fact, you may want to connect with Peter Plourde out of North Conway. He's got an awesome STR business there.

    1Reply
  • Shane Cloutier
    New to Real Estate 路 Dalton, NH 路 Member since 2020 路 116 posts 路 64 votes
    5y

    @Jeremy C. you are most welcome! And I hope you enjoy your weekend.  We have family who come up from Baltimore and they often stay in Lincoln so we will go down and visit there when they come.  We still bring them back up above the mountains at least once each visit because my mother-law loves Grandma's Kitchen in Whitefield. 

    I knew when I brought up Ohio you would see a bunch of the contacts we have made there show up, lol.

    @Mike Mocek is who we are working with in Toledo on our first investment in Ohio. 

    2Reply
  • Jeremy C.
    OP
    Rental Property Investor 路 Member since 2020 路 11 posts 路 7 votes
    5y

    @Marc Rice Thank you sir!

    @Brandon Sturgill To be quite honest, these are some of the questions I am asking myself. I have lofty goals for how I want to start and scale my rental portfolio, but I am still indifferent on which vehicle. I have learned that the valuation between SHF and multi-family is quite different, so it gives me questions about what long-term appreciation would look like in a given market for a duplex. My goal is centric to developing passive cash flow with appreciation as a welcome byproduct. So far I have explored a couple FL and east coast markets but nothing in the midwest! It is a little overwhelming being so new and my only fear is choosing a market where my limited capital doesn't do it's best for us. 

    @Mike Mocek I couldn't agree more Mike! You are the average of the people you spend the most time with, and the attitudes and perspectives of many of the BP members here is very confidence-inspiring! Thanks for taking the time to introduce me to a new market. I'd love to connect and learn more about the market! How's Tampa been for you? It's one of the markets that I have been exploring a bit too!

    @Susan Elliott Sometimes I still find myself listening to the BP podcast or reading books or online and beating myself up for not knowing things or doubting that I will figure it all out. With wholesaling, flipping, BRRRR'ing, turn-key, notes, STRs and more - it only makes sense that it's overwhelming. I think that this is just all the more reason to hit the ground running by really narrowing down my criteria and sticking to one thing to start off with. I noticed that STR can be much more lucrative than long term in certain situations, but going back to what you said - I ruled them out for right now because they require so much more work and time than I am able to entertain. Do you have systems in place for managing your STRs or do you handle them yourself? Sorry if that's a loaded question-I spent a good amount of time looking around for (good) property managers that will handle STRs and did not come up with much, which would be a huge obstacle.

    @Shane Cloutier That's awesome! I have family that lives in Montgomery County MD and we have made many road trips down there to visit and stay with them. As much as I hate to say it - it's a beautiful area and I have some great memories of going to visit, fishing out on the Potomac, and going into DC for a baseball game. Seriously appreciate your mention of your personal experiences and what has worked for you guys - that's exactly what I need to hear! 

    1Reply
  • Cody Barna
    Real Estate Agent 路 Member since 2019 路 285 posts 路 149 votes
    5y

    @Jeremy C. glad to hear you're enjoying real estate, it's definitely a plus that you already own a primary residents. That gives you more options when it comes to financing your next deal, considering you've built some equity so far. Based on the the current market, another idea to think about is converting part of your primary into a rental. Once the vaccine has reach all age groups throughout the US, I suspect people are going to start traveling like crazy! Congrats on all of your success so far!

    0Reply
  • Mike Mocek
    Property Manager / Licensed Realtor 路 Toledo/Columbus, OH 路 Member since 2019 路 244 posts 路 262 votes
    5y

    Hey @Jeremy C. I am always up and ready for a fruitful chat!  Especially about real estate lol.  Tampa is treating me fairly well actually, I placed myself in areas where they are upcoming, Seminole Heights and Surrounding areas.  For myself, I find that it is a great area to be in.  I am actually wrapping up 2 more properties this year down there.  The numbers do not always make sense on a calculator however, with overall steady appreciation and a great market turn I find it successful.  It is not like the Midwest though lol, Midwest brings some positivity along the way, steady rents and inclines depending on where you go.  Lets connect and chat!

    2Reply
  • Mike Mocek
    Property Manager / Licensed Realtor 路 Toledo/Columbus, OH 路 Member since 2019 路 244 posts 路 262 votes
    5y

    It has been a pleasure being on your side @Shane Cloutier Cant wait to watch your success!

    1Reply
  • Ozzy SirimsiBusiness Member
    Real Estate Agent 路 Baltimore, MD 路 Member since 2016 路 1k+ posts 路 782 votes
    5y

    Welcome to Bigger Pockets

    Good Luck with your REI journey!!!

    0Reply
  • John Sledge
    Investor 路 San Antonio, TX 路 Member since 2020 路 75 posts 路 16 votes
    5y

    @Jeremy C. Congratulation on you recent purchase and best of luck in moving forward in Real Estate!  It can be a great way to build equity and cash flow.  Always ensure that you are doing your due diligence and analyzing the sales in the area to ensure that you are making the best decisions for your business.  Let me know if there is anyway I can help. Best of luck! John

    0Reply
  • Jeremy C.
    OP
    Rental Property Investor 路 Member since 2020 路 11 posts 路 7 votes
    5y

    @Ozzy Sirimsi @John Sledge Thank you both for your encouragement! That's a great point John - I have been practicing crunching the numbers in a variety of markets. I'm really interested in the BRRRR strategy, but find myself struggling with estimating rehab costs and ARV. I'm hopeful that experience and conecting with the right people can help me get there.

    0Reply
  • Jay Helms
    Rental Property Investor 路 Gulf Breeze, FL 路 Member since 2014 路 1k+ posts 路 733 votes
    5y

    Hey @Jeremy C.! Congrats on your first deal! I call it the breakthrough. Sent you a DM about a mastermind option. 馃憤馃徑

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free