Newbie from Manchester, NH

[Desiree Frazier]

Hello,
I'm a new investor from Manchester, NH. I have been doing a ton of training on the different areas of RE investing, and I haven't decided where to settle in just yet. I have formed my company, and I am also currently halfway through my classes for my RE agents license. I learned recently that in NH if you make money off of a RE transaction (not including your own) you must have a license. I also plan to get my brokers once I have met the requirements for it.

Right now, I am looking for the quickest and easiest way to build capital. This is where I am getting stuck, how do I get started with the least amount of out of pocket expense?

I look forward to networking with all of you, and I hope everyone is having a great day!

Desiree' Hughes

[Matt Rosen]

Hi Desiree, welcome! I found this site to be extremely helpful especially when theres tons of questions you may have.

My opinion to your question would be wholesaling. Assigning contracts is the fastest, low risk, low cost strategy I know of. Check with your state laws, I am not sure how or if NH laws allow you to be a licensed agent, and flip contracts.

What are your areas of interest?

-Matt

[Desiree Frazier]

Hi Matt,
Thank you for responding. As far as having my license and flipping a contract go, I actually had a state law class today and there is nothing in there that says you can't. You do have to disclose that you are an agent however.

My biggest fear with wholesaling is not being able to find someone to assign it to. I don't know any other investors in the area and I realize that although I would leave myself an "out" in the contract I still don't know how to reach other investors that might want it.

Once I get over that hurdle and I am able to build up capital I would eventually like to hold some multi's and have property management take care of them. Like I said though, I'm not set on that, still open to suggestions.

Desiree'

[Dick Green]

Hi Desiree,

Welcome to the group. Good luck on your real estate classes...

I like Manchester. I was able to visit several times when my daughter was in College. It seemed to be a real slice of heaven. Everyone was so nice.

I remember once, my wife and I going to the Donut Shop and pushing up to the front of the line as if we were still in Houston. It was so funny....everyone looked at us and just let us go ahead. We stopped after we realized that we were not among a group of pushers and shovers.....lol

One of the ways that I reduced the risk and fear on my first transaction was to find the buyer before I found the property.

I've done some of that late night T.V. creative real estate stuff years ago....It wasn't my niche'. For me it was much easier to just block out 30 days and obtain my license.

What I did was line up prospects to work on while I was in class. This way I had something close shortly after I finished.

[Desiree Frazier]

Hi Dick,
Yes, I love Manchester, I was raised in Boston so I am a city girl but there's something to be said about being able to drive downtown and not get lost every other day.

I have to say I am really glad I'm getting my license. At the very least it's been great to have all the state/local laws broken down into plain english for me. Plus, I figure it'll be a great way to network with other agents, mortgage brokers, appraisers, etc.

I completely agree that finding a buyer before the property would alleviate my fears. I am not very familiar with advertising mediums that would help me do that. I know about CraigsList, and I've used it in the past for other things, but I'm not sure how legitimate some of the people are on there.

Any suggestions?

[Dick Green]

Here's one of the techniques that I used to generate buyers prior to obtaining my license.

http://www.biggerpockets.com/forums/21-real-estate-agent-forum/topics/29274-what-to-do-while-working-towards-r-e-license-