All Forum Posts by: Jaylan Archer

Hey Thomas! 

Congrats on jumping in and setting some goals for this year. 

I would definitely recommend focusing on the markets you are familiar with which are usually the ones you live in. 

 Knowing the demand, rental trends, and neighborhood nuances can significantly impact the success of your investment. Our region presents distinct opportunities and challenges, and by tapping into this local knowledge, low vacancy, high demand, high rent, etc, you can strategically position yourself for maximum returns.

Even with your lease not expiring until October, owner-occupant financing is a game-changer for those considering house hacking. This type of financing, designed for individuals who will live in the property, often comes with lower down payment requirements and more favorable interest rates compared to traditional investment loans. Taking advantage of these lending benefits not only eases the financial entry point but also sets the stage for a more secure and profitable investment.

Saving as much cash as possible as early on in the process is huge so the low down payment option of owner financing I can't recommend enough. 

Hey Nandish! 

Congrats on looking to get into STR's.

Can I ask if you were leaning towards a tiny home on wheels or an actual small home that is on a slab or foundation? I can really only speak to the home not on wheels but would be happy to connect about building a tiny home for STR purposes.

Hey Camden! Congrats on making the move.

Typically a lot of the auction properties or REO's can require cash and unfortunately are kind of hard to find right now.

I've got a good list of auction companies and wholesalers in the area that I am happy to share. Feel free to reach out. 

Hey Alecia! 

It is difficult to finance a mobile home, especially one that is not going to owner occupant. 

Have you considered a DSCR loan or does the deal work with a private/hard money loan?

Very nice! congrats on the potential deal.

Would be happy to connect with you sometime via coffee of lunch.

Hey Matthew!

Congrats on taking action! Where abouts in Southern NH have you been focusing?

Hey Nico!

Congrats on looking to expand further.

 I would  recommend Bob Langworthy over at Maine Bean Counters.

He is phenomenal and deals with owners of real estate throughout Maine and NH.

https://www.mainebeancounters.com/about

This is more of an accounting role though so it might only be satisfying one of your questions, but hope it helps!

Hey Mark!

I know you are investing currently in NH, I would still recommend Bob Langworthy over at Maine Bean Counters.

He is phenomenal and deals with owners of real estate throughout Maine and NH.

https://www.mainebeancounters.com/about

NH is a coop state or a ROC state. A resident owned community is exactly what it sounds like - owned by the residents of the community rather than an outside landlord. They definitely can have their perks for those that live in them. 

In NH under the law adopted in 87, when park owners are considering selling, they have to notify the residents and let them know the price the owners are asking for. The residents then have 60 days to complete a purchase-and-sales agreement if they want to buy the park, and the sellers are required to negotiate with them in good faith. It’s during that short window that residents can form a cooperative, which by majority vote of members, can pursue the deal.

I don't believe there are many states out there that require this, but NH is one of them.

Hey Joia! 

Congrats on the sale of your property. 

I am an agent and investor myself along the seacoast, would love to hear more about what you are working on.