All Forum Posts by: Clayton Murray

Good evening Bigger Pockets forum,

Earlier today I asked my mentor and friend a big question... I asked if he would invest with me. Permitting I find the right property and the numbers work out what I really asked is if he would invest into me. The last couple of years I’ve been blessed to get to know this gentleman as my mentor and friend, we have built a strong relationship and every few months we meet to have some lunch or take a walk at a nice park. We discuss all manner of things but I tell him what I know and he tells me what I think I know. Today I told him I felt ready, but my biggest road block is my initial down payment. Now I have no problem saving every dime I have for a few years for the down payment of my first investment home, being I am 20 I have plenty of time. Though I am hungry and eager to get started, I reached out for help and I received a yes! He looked me in the eyes and said “I’d be happy to” my heart skipped a beat and the sky became the limit.

With this being said, I am asking seasoned investors and new to give me a few tips. Other then the things I read in the many books, the things I hear in many podcasts and the revolving information online. I was hoping to hear what other investors, who have or are currently investing in there own apprentice’s on what they look for in a good deal. What key elements do you look for when your apprentice brings a property worth looking at to the table?

Today my world changed and the fire that burns has gotten much hotter, I feel honored and other then wanting to get started in my own future I want to do good by my mentors trust in me. So any tips or advice is greatly appreciated and I hope everyone on BP is having a good night.

@Dan Weber

I am actually very familiar with the border of New Hampshire and Maine. It is an excellent market, that is also growing and receives an overflow from New Hampshire towns not much farther south. It is a great quality of life, and still has a large amount of potential. Thank you for pointing this out to me, I have done a good amount of research but is excellent to hear from someone that confirms some of my suspensions.

@Eric Sullivan

New Hampshire has many sub markets growing rapidly right now. I have been watching for several years knowing it would be prime for when I am ready to make that investment. I like your idea on narrowing down the search to 2-3 towns, and am very excited because that is exactly what I have started doing. Exploring and networking in the areas I am most interested and see the most potential. Thank you for reinforcing the importance of sub markets and the role they play in mature markets like New Hampshire. Let’s find that gem!

@Toni Mo

This past year I have become very aware of the landlord tenant laws due to covid. I am fortunate to say I have found several mentors over the past couple of years and this very topic has been brought to my attention several times. It has definitely impacted my decision to invest and where the location that investment will be. Thank you for touching on this topic, it is nice to hear the same information from different people. Tells me I’m on the right track!

@Adam Sankowski

Eliminating my biggest cost of living is the first step to devolving a solid platform behind future investments. It is excellent to hear that the market fits well with the plan right now. I am perfectly happy with a duplex but a triplex would be ideal for maximum benefit, though I say that carefully. I am thrilled to hear from someone involved in the market I am interested in, and confirms what I’ve been hoping to be true!

@Sean T.

Thank you so much for the kind words and insight on the diversity of property value. You are absolutely right and is something that should be taking into consideration without a doubt, along with many other things. Very helpful, will move forward with this in mind.

@James Smith

Thank you so much for the feed back! I am looking to break even and have the property pay for its self through house hacking. I am patient and understanding that I am in this for the long game. I am not looking to make immediate cash flow but rather build a solid platform to continue building off of!

I have moved around quite a bit, and always find myself back in New England. I am a young entrepreneur with family in New England and am very excited to start investing. As the reality of my first investment home gets closer, the more excited I get. I know New England is an expensive market to invest in, but also a growing one (New Hampshire specifically). I was hoping to get the opinion of a more seasoned investor and their thoughts on this location.