Seeking Advice from Experts

[Nicholas Flanders]

Hello,

My name is Nick Flanders and I am brand new to real estate investing in New Hampshire! I have been listening to bigger pockets for about a year now and in January I was just about ready to buy a multi family. I have been trying so hard to find the right deal even though I know I have been trying to force numbers to work (not smart I know). With all that has happened with Covid19, I am curious to hear from experts on if they recommend waiting to see how this effects home prices or still actively look for deals? I am 23 years old, so I didn't necessarily experience the 2008 recession as much as other people did. I have been currently looking at SFR as well, but open to any advice people have for me!

Thank you in advance!

[Matt Lefebvre]

@Nicholas Flanders - welcome to BP and good to hear you're getting started on your investing journey already!  Prices in the Southern NH market are on the higher side right now depending on what part of the state you're looking in, and so it can make it challenging to cash flow positively with a house-hack.  Single family rentals are very tough to make cash flow because home prices are so high compared against what they can rent for. 

If you ever want a second opinion on running numbers on these properties, happy to lend advice