Newbie from Manchester, NH

[Joe Pearson]

Hello!

I'm Joe Pearson, a full-time software engineer and a hopeful buy and hold landlord aiming for the Manchester/Nashua, New Hampshire (NH) area. My goal is to purchase a multi-family (probably duplex), or maybe a single family, in the Manchester or Nashua area by the end of 2019. Then, in Oct. 2020 I'm getting married! So, right now I'm working with a realtor and mortgage broker (aiming for FHA Loan) and planning a wedding.

I've been rapidly consuming podcasts, blogs and various other internet sources over the past few months and I've been hearing Brandon talk about introducing yourself here, so I thought I'd give it a go!

I think the thing I'm most terrified about is buying a multifamily and having my dog bark every few seconds at any noise because the houses in Manchester and Nashua were built in the early 1900s, so they probably won't have great sound proofing, but there are some older multi-families for rent that allow dogs, so I'm not sure.

Also, another fear is that we want to move out of Manchester/Nashua within the next few years and continue to rent out the multi-family. So, I'm just scared that I'm aiming high and will shoot myself in the eye, or worse my family. Oh, also we have ~150k student loans.... >.>

Anyone have a crystal ball?

-Joe

[Mary D.]

Welcome Joe!

There are some multi families in this area that have 2 homes on one lot. Not many but its something to keep an eye on. Also If you buy right and have at least 10% ROI. You will have nothing to worry about. It sounds like your plan is to only live there for a couple of years at best. Keep that the focus and look ahead of where you want to end up at. Fear will guide your choices if you let it.

2 great books that have helped me, actually 3... You may have heard of couple of these :). I have read these multiple times to keep my focus... Rich Dad Poor Dad & Cash Flow Quadrant - Robert Kiyosaki. This one is new to me & am practicing this awesome ritual. Miarcle Morning - Hal Elron. Podcasts157 & 284 are great!

Hope this helps!