Investing in New England?

[Clayton Murray]

I have moved around quite a bit, and always find myself back in New England. I am a young entrepreneur with family in New England and am very excited to start investing. As the reality of my first investment home gets closer, the more excited I get. I know New England is an expensive market to invest in, but also a growing one (New Hampshire specifically). I was hoping to get the opinion of a more seasoned investor and their thoughts on this location.

[James S.]

My best advice would be to divorce yourself from the notion that you will clear money like all those emails bigger pockets sends out on a daily basis of people buying place with no money down, or making 2000 a month from homes less than 100k or all the silly things they put out on a daily basis. New England is a mature market, and every place that has good jobs has mature rental markets.

As in any mature market, with highly educated, high median-income locations, it's gonna be about value-add and finding non-MLS deals. Or finding creative buildings to buy that others don't want to that have problems others don't want too touch. If you want to go cheap, buy C-D areas in Lowell, MA or Rochester, NH.

Not sure where in NH you are from, but you should known it's highly variable here as well, as Sean alluded too in MA. As far as southern New England, the general consensus I've seen here on the forums is its largely a no-go for people who want cash flow or don't have significant capital to invest. Southern NH (whether central or seacoast) and Portland seem to be the best market to invest in (though the barrier to entry is much higher than 10 years ago) so again, creativity and sweat equity is rewarded.