All Forum Posts by: Jim Fichera

The answer is.....it depends.
There really is no hard and fast rule just guidelines.

There are location factors such as how rural the area is, average days on market etc.and other factors such as repair costs If you come across a house that has an ARV of $300k but needs $150k in repairs you have a much higher degree of risk then if the house has $30k in repairs. $300k x .70 - $150k - holding costs will get you about $30K. Would you risk $210k to make $30k? There needs to be enough money left in the deal to make money. I personally would never pay more than 60% for a house where the repairs are more than the purchase price.

@Shane Moynihan my understanding of the Keene market is that there is a large student housing complex being constructed. I hear multi family investors in the area are worried. What are your thoughts on this?

Hi Diane,

Looking forward to this months topic!

@Jace Prozeller Very funny I thought my contractors has come up with something original, LOL! We use them all the time in hallways and bedrooms. We use nicer fixtures in entries, kitchen, living and family rooms.

You should try the NHREIA meeting. It meets virtually for now the second Wednesday of each month. You cans find it on meet up. 

Primary Bank in Bedford New Hampshire is very investor friendly.

One approach is to purchase the property using a hard money or private money loan. Rehab the property then refinance out at 75% of the appraised price. I like Working with Joanne at Primary Bank in Bedford. The bank was started by real estate investors.

Curious to see if the conference in Nee Orleans is still going to happen Or if there will be a virtual conference. Hoping to attend in person!

New Hampshire has already frozen evictions and foreclosures until further notice. The courts are shut down as well so it’s a mute point. 

Hello all, I'm a investor located in Southern New Hampshire. I do a combination of full and light rehabs. There are times when i get properties that are either outside my rehab area or we are too busy to work on. I'm looking to build both my investor list and get on yours. It looks like we arn't able to share contact info on this forum. Does anyone have any suggestions on how to get in contact with each other for this purpose in NH?