All Forum Posts by: Adam Reeves

@Kyle Damkoehler

I think of it more in terms of the amount of equity in each LLC. Rather than one per building, although it may be the case. A couple small single families may be able to share one LLC but large multis prob should have their own. Unless you are 100% leveraged and have no equity. Hope this is not as confusing as it feels to type it haha. Good luck!

@Michael Schindler

I’m from southern NH so not sure of the market exactly, however I know there is housing demand in the area bc of Dartsmouth Hospital. Maybe even an Airbnb play for the folks who need short term housing. Really I’m just spitballing here but my .02. Good luck

I actively invest in Rochester, I’d be happy to answer any questions that I can. Feel free to msg me anytime. 

@Jon Proulx

Your situation sounds like mine. I started with a SFH, a starter home really. We moved and I decided to keep it and rent it. I am now selling it bc my equity in it will be better used elsewhere. Good luck on your journey, I'll let you know if I come across or begin a meet up.

@Jon Proulx

Hey Jon

Dover is tough. The market is very high but depending on what your goals are I think it’s achievable to find a good deal there.

A lot of investors are ok with investing in the "appreciation" in Dover(just my 2 cents). My goals are slightly different as I shoot for immediate cash flow on my properties. Something you might consider(assuming you are a first time home buyer) is your return on equity. Getting in at 3.5% down would likely be a great play for you. Granted it probably will not generate a ton of cash flow the CoC return will be reasonable and you will get a property in the coveted Dover area. Id love to connect sometime. In fact I'm considering putting together a meet up for us locals with similar goals. Do you currently attend any? Reach out anytime

Adam

@Charlie Anne

Yes per year.

@Charlie Anne

Hey Charlie

Just speaking of my specific set of criteria and part of the country I invest in... the CoC is much too low. If I was investing 50k of my money I would hope for around 10k/year in cash flow.

Side note: I only invest for cash flow, appreciation is something I look at but never count on. I hope everything works out for you on whatever deal you choose!

@Jesse Cote

Hey Jesse!

I am also a RE investor in the NH Seacoast area. More specifically Dover, Rochester possibly Somersworth. Although I am open to most of the state. We have a lot of opportunity in this part of the country.

You are very young that is great. I admire your courage to jump into this daunting field. I’d love to connect someday. Reach out to me anytime.

@Mark Leclair

Great post!

I’d love to network with all walks of real estate in NH.

I'm primarily interested in buy and holds for long term cash flow but I am currently into a BRRRR.

Currently I’ve got 15 units, most of which are in Rochester NH

Always looking to get to know local RE Investors, lenders and others. Let’s Connect!

@Nicholas Gray

We had high arsenic levels in my single family home here in NH. We decided not to do anything about it as we didn’t think it was super important. I believe we got quoted around 5k for “point of use” filters on our sinks in the house.

What town is it in?

Do you have an option to hook up to city water?

If it were me I would look into your obligations as a landlord to fix it. If the seller was willing to fix it then great I’d do it otherwise I would have to seriously think about wanting to purchase the property or not. A well could also cost you money in other ways down the road as well.