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Updated over 4 years ago on . Most recent reply
Investing in Southern Maine/New Hampshire Seacoast?
Hello, I am new to investing and will be buying my first house hack next year (hopefully). I would love a multi family. I currently live in New Hampshire, but have been interested in buying in Southern Maine. Though I am not opposed to New Hampshire Seacoast as well. I know we are in a seller’s market right now. So demand is high and supply is low.
What do you think will happen to the market next year?
What are some things I can do to stand out from other buyers? Should I wait until the market corrects? Any tips on buying in Southern Maine or New Hampshire Seacoast? Which towns are the best to invest in?
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Hi @Courtney Stevens there's a lot of good areas in NH to invest, from Salem all the way up to Lincoln. A big factor is whether you'll be renting the additional unit(s) short or long term, that can greatly effect the potential returns. Finding an area that is relatively close to major employers can make a big impact long term. Where as being in close proximity to summer/winter attractions can effect occupancy short term. Property values are going up extremely fast right now, but interest rates are so low that it helps to offset it. Regardless of market conditions it comes down to the numbers and determining what makes sense based on your criteria. If I can help you in anyway don't hesitate to reach out.