All Forum Posts by: Richard Dale-Mesaros

Thanks Lien........ I think condos perhaps present a greater risk in terms of the STR rules potentially changing on you, this is happening up here in Lincoln as we speak. Worst-case-scenario you could always switch to seasonal rentals, long-term rentals or sell. I have several clients who have been doing well with both houses and condos so far. I agree about going for a resort area that offers a lot for people to do year round, so you're stacking the odds in your favor, rental frequency-wise. Decent restaurants in the vicinity helps too. Also having a view, water frontage/access and any particularly cool attributes about the property itself are important. Plenty of other input on this subject in BP and the podcast etc. Happy to advise on the Gunstock or Ragged (Newfound Lake) areas and can certainly suggest other agents for Sunapee and King Pine. :)

I agree with Cliff above - consider how a long-term rental model might look numbers-wise, if you had to make the switch at some point, also seasonal rentals and of course selling it could be an option down the road, so when you're buying always be thinking about the future!

Groovy.......

Consider that 3 units or more are less risk than a duplex,  ie: one vacancy represents a smaller % of your income - with a duplex it's 50% or 100% if you live in one side!

Happy to help out if you need it, Mike, let's connect!

I've had good experience with both Jim Barry and Shannon Aldrich on pre-licensing education in NH...... just remember the bulk of the exam is on the RSA's/rules that govern how Realtors can function and less about how to be a good/successful Realtor.

I chose Keller Williams because:

1) Investor- friendly culture

2) Don't have to do uptime

3) You can have your own brand under the KW name

4) Profit share (you get a passive income source via % of agent's commissions that you bring into KW)

5) We can 'cap' whereby we keep 100% of our commission

6) Really good training

Happy to share my experience, Tucker!

Hi Andre, consider we have multiple creative strategies that don't require much cash of your own to make money in real estate (options, wholesaling, partnering etc.....) and Bigger Pockets can speed up your learning curve significantly, so don't let lack of funds or knowledge slow you down from taking action and doing some deals!

Most new investors give up fairly quickly because they struggle with the number of dead deals and road blocks it takes to gain traction in this business. Certainly in the parts of NH where you and I live (I'm Western White Mountains...), it takes some pretty vigorous shaking of the bushes to get deals. A great book for you to read is The Slight Edge by Jeff Olson, to give you the idea that continued small efforts in the right direction can produce significant results! Feel free to reach out if you need input on finding deals.  :)

Hi Steve, let's connect, I'm up here in the White Mountains and I've done a few deals in Concord, great area!

Richard :)

....I'd echo Matthew's comments above - BP and local groups will get you a long way toward your goals as an investor. A great book you can read to help you in general when it comes to taking action is "The Slight Edge" - a lot of what we do isn't necessarily all that exciting, but doing the right things over time will compound to produce amazing results...... good luck and don't hesitate to reach out!