Southern New Hampshire First Time Investor

[Anthony DalPra]

Hi everyone,

I am looking for some advice on my first investment property.  I live in Southern New Hampshire and am actively looking with my agent.  I have put in multiple bids on condo/ townhome style homes in the area (housing market here has gone crazy).  I have about 50k I am willing to put into a deal, I can do more if the right deal were to present itself.  I would ideally like to purchase something that can cash flow me the most money quickly.  I am self employed and do well at my job but would like to be home more with my family in the future.  Anyone have advice on if I should be getting into vacation rentals, multi family, commercial, or single family homes to get started?   Looking for advice from people who are familiar with my market/ are or were in my same situation.  I am not opposed to doing out of market deals if I need to, but would prefer to stay local if I can.  I want to make the right first investment purchase that will allow me accelerate my real estate business as fast as possible.

[Michael Ketchen]

Hi Anthony,

Congratulations on getting in the game! I have about 130 units I own and operate across southern NH and I have some STR in Maine and Montana, so I am familiar with the long distance investing as well. My advice would be start with the end in mind. From your post it appears you are valuing time freedom and some more security outside of your 9-5. If that is the case, I would target more stabilized properties, there are of course pros and cons to this type of assest and over time your investing philosophy can change. While "deals" are hard to find right now, it is not impossible. Good luck on the search and if I can be of any help, don't hesitate to reach out.