Updated 14 days ago on . Most recent reply
Looking to Invest Out of State
Hello!
How difficult would it be to manage a duplex or multi-family property from 2.5 - 3 hours away?
I reside in VT but I am interested in investing in property in Manchester, NH and the Seacoast area of NH. I'm not a complete newbie as I do own and manage a rental condo and manage 95% of a multi-unit building (partial ownership).
I've primarily been searching in Manchester but properties need a lot more work than I can put into them to get them going or they get snatched up quickly. Would anyone be able to provide any advice? Keep searching in Manchester or are there other areas that would be better for someone starting out with a multi-unit property?
Any suggestions / advice is appreciated.
Thank you!
Most Popular Reply
Personally I actually like investing a few hours away. It forces you to build systems and good local contacts instead of trying to do everything yourself. If you have a reliable handyman, a couple contractors, and a solid screening process, managing from 2–3 hours away is very doable. I’d worry less about the distance and more about whether the numbers and tenant base make sense. If Manchester deals keep getting too competitive, it may just mean you need to widen the search a bit until you find a market where the math works better.