Investing in New Hampshire

[Ron Ramsden]

New Hampshire.... The forgotten territory with lots of granite and trees.   I am a native New Englander and small time investor with some successes and failures.  I live a quarter mile south on NH in Massachusetts and have been watching the market for some time and it looks that the value in multis may be midstate in NH.

My question for the community is there any others who invest in NH?   I have a lake home midstate and have been looking in Concord and Laconia for 4-6 family homes for an investment and just looking for others thoughts.

Thanks

[Richard Dale-Mesaros]

To Ron: Obviously, Concord is somewhat higher end than Laconia, which does have some tough neighborhoods and is notorious for their drug problem. We generally have pretty low rental inventory in the less rural parts of NH - wherever you choose to invest, do the same due diligence of looking at labor statistics, rent rates, vacancy, talk to other landlords, the towns, police depts, realtors, neighbors, property mgt co's etc - the more viewpoints you can tap, the more confident you will be when committing.

To Jason: The seacoast seems to go from strength to strength and as always, buying in the path of progress limits your risk, so long as you have the patience for the long term. Always keep your back-end exit in mind when acquiring stuff - you will be a seller at some point, so make it easier on your future self by buying buildings that will appeal to other investors. Would be good to come up with a list of features you feel are most important, to guide your acquisition decisions etc......