All Forum Posts by: Account Closed

Typically in my market it is 600 dollars per bed room per month

Always have the parents sign this lease 

You control the tenants rowdiness much better that way as usually the parents are paying for Jr to live off campus

The Granite State is great. I drove through your town tonight

For the prices here and the taxes compared to Massachusetts, the ratios work a lot better here then in the Bay State on many occasions

It is a great time to invest in Multi Family Housing..... Prices are strong, but the rental market and high demand for rentals has spiked prices in the New Hampshire, Southern Maine ( especially on the Seacoast) and Massachusetts Areas Cap Rates of 8 - 10% are realistic with COC returns in the range of 15% have sparked major interest among Multi Family Investors

Great... what is bringing you to Portland......... As long as you stay anywhere on the Seacoast you should be fine. The closer to the New Hampshire State Line the better.

Also look at the Fryburg Maine Area. Fryburg is 1 hours West of Portland

These areas are great to invest in and if you go further North to the Lakes Region and into the White Mountains, it gets even better. The best way to purchase for you is to tap the equity that is in your primary resident and use that money as the down payment to qualify to purchase an investment property.

Also, by doing this, you should be able to increase your tax write offs but I would check with your Accountant first

Great to hear you are relocating to Keene. I just took a training class last month from a mortgage company that is all cards in on rehab loans for just what you want to do and the program is better then FHA 203K and converts to an end loan up rehab completion.