How many of you have looked into the housing market in Maine?

[Eugene Murdock]

Goodmorning everyone,  

My name is Eugene and I'm from Maine. First day here and I'd just like to ask if anyone has been looking in Maine at the housing market. More so for the flippers. Lots of older houses on land that's in great locations and at more normal prices in retrospect to some of the markets you're currently working with. Also, new land. We have a lack of housing and plenty of property's going up for sale that are closer to 1k an acre. Great locations to put residential or commercial properties. Then on the other hand there's short term. Just saw one yesterday, 257k for 257 acres well wooded. Would make for a great glamping site.  Has a stream down one side and a smaller brook that runs across the property, already has a road in and a mostly clear area down in the property to place a cabin or whatever it is that you choose. Though in my head was place staggered A frames along the small brook and then along the stream side could be bigger A frames as well. There's a marsh/bog area as well that you could place a wood boardwalk around to make it walking friendly. The property sites 15 minutes from Bangor so all amenities one would need. Just food for thought. You can look at the property at United Country Lifestyle Properties of Maine. Have a great day everyone. 😊 

[Garret Getch]

There are lots of opportunities here in Maine. I like the glamping idea on a large wooded area like you described and even the A frame style houses would like nice. Throw in some snow mobiles, 4 wheelers, and fishing gear and I think you have exactly what Vacation land needs. I have also talked to several newer investors from BiggerPockets about expanding the Tiny House community here. I suspect a lot of the same philosophy that you would have with glamping would apply, while also allowing people to visit on a short term and learn more about Tiny House living. There are tons of opportunities up here in the northeast for investors and the fix and flip market is growing, I'm currently in the middle of a BRRRRR situation myself with a fix and hold for a single family residence. Maine is a great place to invest because it isn't overly saturated with other investors and the prices are still right.