All Forum Posts by: Account Closed

Yeah, I thought 5% seemed low... Ill take a look at that list. Thanks for the tip.

Thanks for the advice Bill Gulley. I like the idea of having a parent on the lease.
My goal is to retire by 45 (in 21 years). Id like to get started holding SFR and adding houses to my portfolio as quickly as I can. I was thinking of doing fix and flips to generate capital to reinvest. After I get a handle on that I might upgrade into larger multiunit buildings.

The problem is the town I grew up in, Berlin, NH, is totally bust due to a mill shutdown a few years back and isn't a very appealing place to live due to bad schools, crime, no jobs, no entertainment, no access to major highways etc. This sort of does away with any "home court advantage" I might have. Im sort of familiar with parts of Southern NH but I'm certainly no expert. The benefit there would be personal connections I have with people in the construction industry and a few in RE. Not many.

I like the idea of buying in a college town or a stable metro area. Recently, Ive been looking at Concord NH. Concord, pop aprox. 42500, is the state capital and has a bunch of govt jobs as well as a few colleges. According to the 2010 census it grown about 5% from 2000 to 2010. Is that fairly stable growth?

Other than this I was considering the greater Boston area with no real idea of where to start.

Thanks for the feedback everyone,

Patrick Snyder, do you have issues with vacancy rates in college neighborhoods, or does the constant flow of students make up for the turnover rate? What about maintenance issues? I remember a lot of the apartments near universities I attended being destroyed by students. How do you mitigate that? Large security deposits? Higher rents?

Hey everyone,

In a few months Ill be moving back to the US and I plan on starting a career as a full time investor. Im planning to pursue a buy and hold strategy with SFRs supplemented with some rehabbing on the side. The problem is, I don't know where to start. Most of my family is in NH and MA so I'd like to stay in one of those two states. How would you recommend I go about selecting a geographical area to focus on? Right now Im looking at property values, population growth rates, income, schools, crime... Im still in China so I can't drive neighborhoods or anything yet. What else should I consider. How do you guys pick locations to invest in?