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Updated about 2 years ago, 10/15/2022
New Hampshire Investors!!
Hey guy!
I'm hoping a lot if you have New Hampshire in your keywords and see this. If there is one thing I struggle with it is definitely networking. It has been a life long battle of being somewhat shy , being afraid to approach people, and being the center of attention, even if there is only two or three of us. Luckily with BiggerPockets im able to reach out to alot of you like this. I love this business and Id love to meet and talk with as many of you as possible.
@Brandon CouttsYou are not alone in struggling with networking. I don't have trouble networking in my day job, but when it comes to realestate it is definitely an up hill battle. Most people (even some realtors) think we are crazy buying rental properties, and doing flips. That may be true but I have a goal of be financially free and I will do what it takes to get out of the rat race. My wife and I invest in the Connecticut River Valley (closing on our next SFR on Tuesday). We find it difficult to make time for the NHREIA as it takes about an hour and a half to get there from where we live. We would love to get together with other biggerpockets members, if there were a closer meetup.
@Brandon CouttsI'm the same way in that I tend to not be very outgoing. Add in my extra curricular activities occupying so much of my time and you have a formula that makes networking difficult for me. Being new to real estate investing I would definitely appreciate the chance to network with like minded individuals here in New Hampshire.
Brandon Coutts are you looking for property in Manchester? College kids?
@Bradley Tetu@Brandon Coutts@Nicholas Savery
I think it is admirable that you are able to address that networking is a weakness in your Real Estate Investing.
I would encourage one or all of you to start a bigger pockets meet-up.
After connecting with a few local investors in Connecticut on BP, I found that there was need for a more localized meet-up, so we came up with a date that worked for us, and opened it up to the forums. We had a good turnout for the first meeting, met new people, and learned so much. All that was required was coming up with a time and a place. We now have are second meet up approaching and it seems to be gaining popularity.
I think that you have already established a need, now just come up with a time and a place. I think you will be pleasantly surprised by the ease of setting it up, and the rewards that you will reap from doing so.
PM me if you have any questions. Good luck!
-Jacob.
@Robert DavisYeah that is going to be one of my future niches, I like working with college.
@Nicholas Savery@Jacob Reilly@Bradley TetuI was thinking about starting a bigger pockets local meet up. The REIA meetings are too structured for me and it feels very unnatural to be told to get up and network. A lot of pressure in my opinion.
Hey Brandon, I totally get what you mean. We all know how important it is to network, but it's a hard thing to do. I have a rental property in Chester, and am from the Derry area. If you want to meet up and chat at any point let me know, I could certainly help you out in your search for a property or with anything else for that matter.
@Brandon Coutts I would definitely be up for a local BP meetup. Unfortunately with 3 kids under 10 and a day job I would have a hard time organizing it, though I can definitely organize a night out.
@Brandon Coutts @Axel Ragnarsson @Robert Davis @Nicholas Savery Let's not drop this I am going to work on putting something together for the NH BP crowd to meetup. Would somewhere around Concord work. Also thinking of putting together a Connecticut River Valley meetup to pull in some BPer's from Vermont. What are your thoughts?
@Bradley Tetu @Robert Davis @Brandon Coutts @Nicholas Savery I would be open to that. Concord/Manchester would be the best locations for me.
Hey peeps... I own residential and commercial properties in Vermont and New Hampshire including my most recent acquisition under contract of the Goodwin Community Center (aka GCC) in Claremont, NH. About 24,000 s.f. with a 25 meter indoor pool and a full size gymnasium that has two basketball courts. There's also a 7,000 s.f. brick house as well. Fits well with the East school I am buying in Springfield, Vt.
My original investment model was to buy and hold SFR's for at least one year and renovate the properties and then the transactions would be subject to long term capital gains or better still I'd do 1031 tax deferred exchanges and avoid ordinary income taxes. So I've bought about a dozen or so properties last year and most are in various stages of renovation. I believe my pro forma numbers are holding, but since I haven't tried selling anything yet, I have yet to confirm my projected profits. My goal is to build my asset net worth and get a solid return from those assets. Since all are under renovation, almost none are generating income.
My investment criteria varies, but while I planned to focus on SFR's the undervalued commercial properties keep getting my attention. The GCC was auctioned and I was the winning bidder paying just over $2.50 s.f. Tax assessed at $985,000 and my winning bid was $60,000. Being a tax exempt city owned property. By closing after April 1st, the property taxes will be set at the same amount as was due the previous year. So my tax bill will be ZERO. I was the only bidder to actually speak to the City Tax Assessor to confirm this so my thought was the other bidders were scared to go higher as the property tax bill on $985k is about $60k/yr. I just can't ignore former class A obsolete buildings being sold for $2.50-$7.50 per sq. ft.!!! Originally I had planned to buy 25+ houses this year, but these large commercial properties will suck up all my time and cash so unless I sell several of last year properties via exchange, I probably won't buy very many houses this year.
Sorry, I can go on and on...
I live in Springfield but I'd be willing to book a restaurant in Claremont, Nh for a Twin State REI meetup. There's a popular restaurant that has a $19 ribeye steak deal I'd like to try... Full bar too, but I imagine several will be driving and not want to risk drinking, unless we want to do a weekend daytime meetup.
If we set a daytime or early evening time and the meeting date sometime in late April, I could show you the GCC...
Nice deal Darrell! I grew up playing basketball at the GCC. Glad to here someone has a plan for it.
I was planning on a Manchester meet up, but if we have a lot of people closer to Concord we can definitely do that.
I'd love to see a group start up in the Claremont/Lebanon area. Keep meaning to explore Claremont. Ribeye sounds great. Congratulations on your GCC purchase! I like the way you are adapting your plan to what you are finding in the area.
I love the idea of a Bp meet up Manchester/concord works for me....please keep me in the loop
Thanks
I've closed on the GCC but getting water will be a challenge as there's several burst pipes in the plumbing and heating system so that might take a little time to get going. The electricity is scheduled to be turned on today, so hopefully that goes off without a hitch.
Who all from Vermont/New Hampshire would like to have a meeting in Claremont or Springfield? My Oddfellows Block in Springfield ground floor spaces now have plumbing/heat/electricity. Or we could meet at a local restaurant.
Is week night or weekend better?
I would be up for something in claremont or springfield. Weekend would be great!
I'm up for a meetup if that's still on the table. Springfield?
Also- weekends are better for me.
Did anything ever come of this? I'd still love to see a meetup in the Claremont area...
Hi Brandon new to BP do most of my investing in NH! Did you ever set up any kind of meeting? Would love to network with some NH investors as I see a ton of opportunities in the state! Never hurts to have other people's perspective on the market and our business!
Not yet. Schedules and locations kind of clashed for a lot of people it seemed, but I'd like to give it another shot.
In for a BP meetup too.
I think someone just has to set a date, time, and place. It is to hard to meet everyones location needs.