Real estate investing in New Hampshire

Rental Property Investor · Derry, NH · Member since 2020 · 5 posts · 4 votes

Hello!

My partner and I are new to real estate investing and excited to purchase our first (of many) multi-family property in N.H. We are natives to N.H., so we are very familiar with the towns we are looking in, however would love to begin networking with those who are in the industry.

Our market tends to be more expensive and smaller than a lot of the BP podcast interview examples. Does anyone have experience with real estate in more expensive and smaller (40k populated towns) markets? And, if so, any advice?

Looking forward to hearing what everyone has to say. Thank you!

Jordyn

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Kevin Hunter

Rental Property Investor · Carlisle, PA · Member since 2013 · 1k+ posts · 543 votes

@Jordyn Tetler, welcome to BP. This is a great place to network and to learn. Listen to the podcasts and scour the forums. Lots of people here from the northeast to network with. I invest a bit farther south than you in new england, and a bit west of you in upstate new york, but the principles are the principles. Let me know if i can help answer any questions. Good luck!!

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Kevin Hunter
Rental Property Investor · Carlisle, PA · Member since 2013 · 1k+ posts · 543 votes
6y
@Jordyn Tetler, welcome to BP. This is a great place to network and to learn. Listen to the podcasts and scour the forums. Lots of people here from the northeast to network with. I invest a bit farther south than you in new england, and a bit west of you in upstate new york, but the principles are the principles. Let me know if i can help answer any questions. Good luck!!

1 Reply
Matt Lefebvre
Real Estate Broker · Manchester, NH · Member since 2014 · 630 posts · 420 votes
6y
Hi @Jordyn Tetler, welcome to BiggerPockets! There are a handful of in-person (which have mostly converted to virtual) networking events where you can meet some other folks local to NH and get an idea of their business model. Would certainly encourage you to check them all out!
My opinion on the market here revolves around what your goals are as an investor. There are opportunities to make money in any market and having realistic expectations on the types of returns you can achieve in each market are important. For instance, we have a much lower price per unit and a better ROI than someone looking to buy a similarly sized property in Boston where you work. Oftentimes we have to counsel people from the Boston area to not buy a property that looks like a good deal compared against their market but is actually a bad deal in this market.
It all boils down to having a realistic expectation on your returns and being disciplined in the types of properties you purchase. A good deal is a good deal and a bad deal is a bad deal. Make sure not to over-analyze and accidentally switch the two around.
Happy investing! Reach out if you have any questions!

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Jordyn Tetler
OP
Rental Property Investor · Derry, NH · Member since 2020 · 5 posts · 4 votes
6y
@Kevin Hunter thank you so much for reaching out Kevin! I’ll definitely keep you in mind if I have any questions. I appreciate it!
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Jordyn Tetler
OP
Rental Property Investor · Derry, NH · Member since 2020 · 5 posts · 4 votes
6y
@Matt Lefebvre thank you, Matt! It’s definitely helpful to get a perspective from someone in NH. I’ll definitely reach out with any questions! I appreciate it!
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Dan Milinazzo
Pelham, NH · Member since 2010 · 91 posts · 51 votes
6y
@Jordyn Tetler welcome! I spent a lot of time spinning my wheels here because there are SO many avenues to travel down it is very easy to get off track and feel discouraged. That is obviously not ideal if you are serious about this endeavor. @Jonathan Bombaci holds a good meet up and is actually trying an in person one not far from you tomorrow. I recommend looking for that info here on the forums or reach out to Jon for the details. If you are not ready to do face to face, which is totally fine, he is holding another virtual one Thursday. If nothing else its just sometimes good to hear what other guys are doing. I was blown away on a recent meeting when hearing some experience of local investors that are very active and doing it. Imagine where they will be in 5 years! Anyway, just surround yourself with the right people and hone in your model, listen to other paths, but really key in to the method that works for you. I'm local right down the street so add me to your network and feel free to reach out. I am always happy to discuss! Happy Investing!
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Jordyn Tetler
OP
Rental Property Investor · Derry, NH · Member since 2020 · 5 posts · 4 votes
6y
@Dan Milinazzo hi there! Thank you so much for reaching out. I’d love to join some local meet ups! I’m bummed that I’m seeing this post a few days late. Count me in for the next meeting!
@Jonathan Bombaci—Dan mentioned in his post that you hosted an in person and virtual meet up this week. If you have any in the future, I’d definitely be interested!
Thank you both!
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Jonathan BombaciBusiness Member
Real Estate Agent · Lowell, MA · Member since 2019 · 1k+ posts · 1k+ votes
6y
Hi @Jordyn Tetler I did have them posted here but it looks like the admins removed it. They don’t like us posting url links in the forums. Could you PM your email address and phone number and I’ll add you to our list? We send out an email and text message a few days before each event to remind people and keep our community informed.
[email protected]978-710-8611
Candor Realty4.760 Reviews
Website View Page
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Jordyn Tetler
OP
Rental Property Investor · Derry, NH · Member since 2020 · 5 posts · 4 votes
6y
@Jonathan Bombaci Hi Jonathan,
Yes! I’ll PM you my info. Thanks so much!
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Shane Cloutier
New to Real Estate · Dalton, NH · Member since 2020 · 116 posts · 64 votes
5y
Hey @Jordyn Tetler , how is your real estate journey going? My wife Tameka and I are from the northern end of NH and have been expanding our network and would love to connect with people like yourself who are out there making deals. We come from a pretty small population area and the properties cover a very wide price range. the deals are here to be made , if you don't mind the foot work. If we can help with anything feel free to drop us a line, we love to help or if we can't, point you to someone who can.
Shane & Tameka Cloutier
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