All Forum Posts by: Elijah VanDenBerg

@pearly 

@Pearly Tan you got it. The agent is with Spence and Mathews. All the policies he’s written for me have been VT Mutual. Good luck! 

BP will not allow me to post the info but I just sent it to you directly. Good luck! 

I have used Vermont Mutual on my most recent properties. They provided the most competitive pricing with all necessary coverage. 

Universal Property Mgt may be able to help. Shannon Allan oversees that area. 

Now, I don't know all the details, but my best guess is that of those 30 keys, only 5-6 of them may actually be used frequently. I'd just go with Option 1 and label the important keys that you will be using throughout the year. The 25 or so other keys could be stored away until that random occasion comes when you need one of them. 

@Ezra Hodgson in my experience cash flow goals will be based on how much “landlording” you want to do. The properties that require more time/management tend to offer more cash flow. So if you want to grind it out to build cash quickly, you could go with a lower end rental. 

I typically look for around $600-800 monthly cash flow, but I self manage, which saves me approx. $300/month per property. 

Hi Ezra, 

Congrats on making the leap into the industry! I live in Rochester, have a two year old daughter and just got my license last year. I have two rental properties down in MA and two rentals in NH, totaling 9 doors. 

I’m on the same journey your starting and my goal is to reach 20 doors over the next 2 years. It’s been a challenge, as I also work a full time corporate job (50-60hrs/week). I guess to answer your question, my best advice would be to house hack a multi family (if you are currently renting). This will allow you to save cash faster and build equity. Properties in Strafford county are very high priced and strong cash flow is a bit of a challenge. But deals do exist, but you have to be patient! Less work, typically means less cash flow. If you can find value add properties, they seem to provide the most cash flow potential. I’d also recommend networking with other investors in your brokerage and pick their brains on what’s working for them. The properties that do pop up on the market that are turn key and offer cash flow go fast, so you will need to be ready! (Last multifamily property that I viewed, I viewed on the first day it was on the market and there were already three offers!)

Anyways, I wish you the best of luck and I’d love to hear of any successes you achieve. 

Elijah 

Looking to network with other local investors in Strafford County, NH. I'd love to hear what you're doing and what you've been successful and/or learned from doing. Cheers!