All Forum Posts by: Colin Reilly

@Megan Frank

I would choose natural gas hands down. From a commodity price perspective, I think oil has a few more risks. Oil pricing is dominated by world economics; world political events impact the price at the pump, where natural gas pricing is driven by the domestic market. Today, natural gas and oil from a $/btu standpoint are probably pretty similar in your part of NH, however, if some of the proposed pipeline projects do get built out in the northeast, natural gas pricing in NH will drop in price. New infrastructure would not have the same impacts on oil pricing. Long-term natural gas is a much better option for a home.

Good luck!

Looks good @Raymond McGill

I love seeing some activity in the Portsmouth area. Unfortunately, I won't be able to make that event, but sign me up for the next.

Thanks for keeping an eye out for me. 

 @Megan Frank 

What is the estimated post-repair cash on cash return for the Dover NH duplex? I'd love to see your projection. Good luck with repairs!

 @Sara Huestis I would love to know if you end up finding a REIA group.

Welcome aboard Jack! Like others, I'd be interested to hear what the Keene rental market is like? 

@Danielle Ratto

Yes, looks like others are starting to follow your strategy as well. Have you had good success with renters in Somersworth? I would be fine moving outside of the "hot towns," but I fear that the supply of quality renters may adversely change? I want to do everything possible to protect my rental assets by targeting quality tenants. My feeling is that Newmarket, Dover Portsmouth areas could achieve this? I could be totally wrong on this and I'd love you to correct me if I am!

I agree! Reviewing the recently sold listings is often comical!

@John McRae That's amazing news!

Can I ask what street your duplex is on? That gives me hope! 1.5% is a win!

You got that right @Al Bigonia

That's precisely the quandary I face in those markets. You need to have a lot of money to put down, but the upfront capital diminishes your potential COC return. You name some other good ancillary markets. I've been looking there as well, but I'm more comfortable in the markets I named. I've lived in Portsmouth for 25 years. The Spring season is approaching and hopefully that grants us both an opportunity. Perhaps I will get to meet you at a future REIA meeting!

Good info @Robbie Reutzel 

I suspect the added effort in direct mailings, referrals, etc. create the worthy opportunities in our market. My girlfriend will be getting her real estate license in the next few months so that we can focus on direct mail deals with no broker fees. Naturally, those that go to MLS are looking to profit from a seller's market. You're right, you need to find the potential seller before they consider bringing the deal to market!

Thank you! @Kristopher Hanks

@Mark Nolan