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Updated over 4 years ago on . Most recent reply

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95
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An Duong
  • Boston, MA
29
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95
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Seeking New Hampshire Multifamily investing advice!

An Duong
  • Boston, MA
Posted

I am thinking of investing in a multifamily 20+ units in New Hampshire.  Looking to network with other investors with experience in that market. How are landlord tenant laws (How long and how much does it take to evict a bad tenant).  How are the cap rates?  Would you recommend New Hampshire for a first larger mulitfam (Largest multifam I investing in is a 3fam).

Thanks!

An 

Most Popular Reply

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232
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163
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James E.
  • Investor
  • Boston, MA
163
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232
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James E.
  • Investor
  • Boston, MA
Replied

Hey @An Duong! I have ~20 units in Southern NH and happy to chat sometime. Tenant laws are favorable (at least compared to MA), as are cap rates. Answer to whether 20 units is the right move for you really depends on your situation. Will say that it's hard to find 20 units all under one roof, most of what you'll see will be 2-3 buildings sold as a portfolio to comprise the 20 units. You can probably find better deals piecing together a portfolio of 5-10 unit buildings at a time, but will be a bigger headache. 

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