All Forum Posts by: Johnna Brown

Investment Info:

Townhouse buy & hold investment.

Purchase price: $173,000
Cash invested: $34,000

Bought this townhouse style Condex in March 2020 for a tenant that had outgrown one of our other units. Rented for $1500/ month. Refinanced to a 15 year fixed mortgage at a rate of 2.75% in April 2021. Increased rent to $1650/ month in 2025. Same tenant still there.

What made you interested in investing in this type of deal?

Looking for a larger place for a current tenant, needed to be able to cash flow

How did you find this deal and how did you negotiate it?

Found in the MLS, came on in the morning, saw it during lunch and made an offer that day. Was able to get seller to provide $3400 seller credit

How did you finance this deal?

Conventional 20% down

How did you add value to the deal?

Just held and build equity. No repairs were needed, I rented it out immediately after closing. Eventually added Rinnai natural gas heater to save tenant costs on electric heat.

What was the outcome?

Still own property and while it is not cash flowing as much because I refinanced into a 15 year loan in 2021 it will be paid off sooner than originally expected and same tenant is still there over 5 years later

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

I represented myself as my buyers agent. Listing agent was the seller so made it easy to communicate

Investment Info:

Condo buy & hold investment.

Purchase price: $82,500

Bought this 2 bedroom condo in Manchester in April 2018. Move tenants in immediately and same tenants are still there. Refinanced August 2020 into a 15 year loan at 3.375%

Quote from @Kevin Upton:

Hello! My name is Kevin Upton, i am new to Real Estate Investing and looking to learn from those with more experience than i do. I am currently in the New Hampshire area looking to find some deals here and maybe dabble into Florida and Texas since i have family in both areas. I would love to partner up to see how things work and get some real on hands experience with someone who knows a few ins and outs. Looking forward to connecting! God Bless! 

Hi Kevin.  My name is Johnna Brown.  I live in Manchester NH as well.  My husband and I are investors and own 11 properties throughout NH and Southern Maine, 4 of them in Manchester.  I would love to connect and share ideas. Depending on your goals and how you are buying your properties you may notice that certain areas are difficult to cash flow in NH depending on your strategy and what type(s) of properties you are looking at.  I have a mix of long term rentals and STRs and rent some of my STSs mid term in the off season so I am happy to share my thoughts and experiences with each strategy in this area.  
Look forward to chatting!

Quote from @Alaina Rogers:

Hi Johnna,

Thank you so much for reaching out! I will definitely look into the books you recommended. I'm impressed by your website by the way. It's set up to be accessible and appealing to your audience. Would love to chat sometime, maybe over the phone or in a message.

Thanks,

Alaina

 Thank you!!  That is great to hear about my website :)  I would love to connect and chat and talk real estate!  Send me a text and we will set up a time!

Hi Alaina, welcome to the Bigger Pockets community!! I'm a fellow real estate investor and I own properties throughout New Hampshire and Maine Southern Coast, I'd love to connect and bounce ideas off each other.  If you are considering buying short term rental properties I suggest reading "Short-term rental Long-term wealth" by Avery Carl.  Mid-term rentals is also a strategy worth exploring, a good book to read on that is "30 day stay" by Zeona McIntyre & Sarah Weaver.  

Johnna Brown

Quote from @Sean Kelley:

Quote from @Johnna Brown:

Welcome to bigger pockets! I'm from New Hampshire 😁 I have 4 long term rentals and 3 short term rentals in New Hampshire.  Do you have any investment properties in New Hampshire or looking to invest in that area?

I don't currently have any in New Hampshire. Our goal is to get a short-term on a lake. We spend the summer on a small lake off Winnipesaukee but we don't own it. All of our investments are currently in PA.

Welcome to bigger pockets! I'm from New Hampshire 😁 I have 4 long term rentals and 3 short term rentals in New Hampshire.  Do you have any investment properties in New Hampshire or looking to invest in that area?

Hi Sathya!  That is exciting you are ready for your first investment!  I am agent investor in NH and Maine and I know of several properties that would fit your criteria.  Are you looking for a short term or long term rental?  I have both and could give you advice on the pros and cons or each.

Johnna Brown

603-930-9927

Hi Jacob! I am a Real Estate investor with properties in Southern NH and Maine.  I'd love to connect!  There is a NHREIA meeting in Manchester NH this week if you want more info let me know

Johnna Brown 

603-930-9927

Hi Chris. I'm a Real Estate agent in NH and an investor.  If love to chat and see if we are a good fit.  My cell is 603-930-9927.  Call or text me and we can chat 😁