All Forum Posts by: Dan Hopkins

Multifamily market data can be tough to suss out, unless you develop a relationship to someone with MLS access. If you have that relationship, you can ask them to run reports for you. But trends can be difficult to spot simply because any given statistical sample in a low-inventory market like NH isn't really large enough to draw general conclusions. I track MF data in Hillsborough, Rockingham, and Merrimack counties and I don't gain much insight beyond my own experience in the market. I'd say conversations with agents and property managers will give you the best insight.

Market data for single-family properties and condos is much easier, even without MLS access. The NH Association of REALTORS® just added a feature to their public web site called FastStats that lets you pull up data by town or county. Go to https://www.nhar.org/resource/... and click on the "All New: FastStats!" link and use the default "Local Market Updates" search. The "NH Monthly Indictors" link provides state-wide info, but I would be wary of relying on those numbers because parts of the state are very different (Coos County and Rockingham County might as well be on different planets).

That answers your question about market data. You asked about the best place to look for good properties/deals, which is a different question, and there IS plenty of information in the Forums about that. Find a great agent, network with other investors/property managers, build your own lists for direct calls/direct mail, etc. I'm in Manchester myself, so if you ever want to grab coffee or a beer, feel free to message me.

Thank you Greg,

That was very insightful and I will look at that link tonight and get that started. I appreciate all the info I can as I am a small fish in a big pond. Veery excited and trying to take baby steps to understand more so less mistakes happen.

Best, Dan

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Manchester, New Hampshire

Hi everyone,

One big question on my mind as someone that is starting out and looking to buy his first investment property. How do I find information on the market and or read through the noise as they say? There isn't much info about the markets in New Hampshire on the forums unless I am just not seeing it.

I would like to find the best place to start to look for good properties/deals. I am looking for a duplex if not a 4 plex. I think I think small multi would be a good start?

Best,

Dan

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Manchester, New Hampshire

Quote from @Lexey Vezzoso:

Hi Dan!

I'm excited for you to start you real estate journey!

One way that you can get started is to lend. We've done this with a few people starting out so that they can get eyes on the project/investment and learn but they can also make a return on their money they've invested.

If I were you I would also start learning more about creative financing. Check out Jeff Rappaport and Pace Morby on YouTube. There are thousands of videos for you to learn more about this and it's a great tool to have in your belt if you're looking to get into real estate with little to no money.

Let me know if I can help you further!

-Lexey

Hi Lexy,

I am excited too and thank you. I look forward to connecting with everyone and get a better idea of how everything works and what makes a good investor and what to look for. I will absolutely check out those Youtube videos. I did listen to a show on the podcast about creative financing and that has perked my interest as to see each resource and what would be the best way to go about figuring out how they thought outside the box and tried a different approach. I find that very fascinating. I look forward to connecting and being able to ask questions.

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Manchester, New Hampshire

Quote from @Billy Daniel:

Welcome to BP! There is so much knowledge available on these forums! When you get stuck, reach out and ask your connections for advice. Most investors love a good real estate challenge! Let's connect!

Thank you Billy,

It's awesome to be here. I am excited to really network and getting to know as much as I can about real estate. That would be awesome to connect. I would like to discuss about how you started out and what kind of goals did you set for yourself and how you achieved those goals.

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Manchester, New Hampshire

Quote from @Kenny Smith:

@Dan Hopkins

Welcome to BiggerPockets! You have hit the JACKPOT of resources for real estate investors. You can literally find answers to all of your questions within the confines of this site. What’s the best way to get started using BiggerPockets?

1. Subscribe to the BiggerPockets Money and Rookie Podcasts

2. Attend the FREE WEBINARS

3. Attend a Meetup in your area/virtual meet ups

4. Purchase the Beginner Books: How to Invest in Real Estate, Set for Life, The House Hacking Strategy

5. Peruse the forums! Ask questions! Answer questions! If you are consistent with learning real estate over the next 4-6 months, you’ll be ready to purchase your first (or next) property in NO TIME!

Best of Luck,

Kenny

Thank you Kenny,

I am a little late to the response because I wasnt expecting such a quick comment from anyone let alone just meeting people and getting to know the business inside and out. i have been reading the "How to invest in Real Estate" which actually turned me onto biggerpockets podcast and havent stopped since I started. There is a lot for me to learn but knowing that the best taught lesson can be a hard one. I dont expect to not make mistakes but more to learn how to minimize those risks in the first place. I have always thought about real estate but never knew how to learn about it and so BAM it caught my eye on the shelf and I quickly learned a new avenue to learn from which has been great. I am excited to network and meet and talk to people.

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Manchester, New Hampshire

Quote from @Mitch Hartford:

I’m in Rochester, willing to chat anytime. I have a hand full of buy and holds and i’ve done some live in flips.

Hi Mitch,

Thank you and that would be awesome. i would like to understand more about how you got started and what challenges have you faced since you started.

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Quote from @Alli Breighner:

Hi Dan, I grew up very close to NH! What part of New Hampshire are you located?

I'd love to offer insight where I can, and connect!

Hi Alli,

I live in Hooksett NH currently. I would absolutely appreciate to connect with you and learn how money works in real estate and get a better grasp of how to begin to talk to lenders and how to really be able to walk into a room and have all my numbers ready to go so that way I would have better creditability. Thank you so much! I honestly thought that it would have been days before really reaching out to someone but this has been amazing to just be able to network with ease. I look forward to connecting with you and learning about what you do.

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Quote from @Jaylan Archer:

Hey Dan!

Congrats on taking the step of getting yourself out there and in front of other investors. The podcast and forums here are a tremendous resource to be able to lean on when you are first starting. Hopefully you have a good foundation from your time spent listening and here and are ready to take some action.

I would recommend getting out face to face with some local real estate investor meet ups as well as start reaching out to some investor friendly lenders and agents. The other thing that is helpful is to keep watching your market and familiarize yourself with buy and holds and potential flips that have come up for sale. The more you know about your own market the better!

Thank you Jaylan. I am looking forward to going to the meet ups and learning as much as possible I have already been saving for quite some time and want to make my money work for me. I appreciate the advice and will be on here asking a lot more as things come up. That is one big thing I am interested in is learning to read the market and what is a good deal vs a nightmare. I never really knew where to begin when it came to real estate or where to even begin to understand it and since I have been listening to biggerpockets that has really opened my mindset to new things.

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Quote from @Sean Delisle:

Welcome to BiggerPockets @Dan Hopkins! You're definitely in the right place. Finding an investor friendly agent is a great start and attending local meet-up like what @Michael Ketchen shared is a great plan too! I'm happy to share my experience working with people just like you, feel free to reach out!

Thank you Sean. I will definitely be reaching out to ask you lots of questions. I am looking forward to trying out the meet ups and learn as much as I can so I can start my journey and invest in myself.

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Quote from @Michael Ketchen:

Hi Dan,

welcome to bigger pockets and the world of real estate investing. I actually host the meetup every other month in Manchester New Hampshire and this Monday is the next session. The meetup is at the farm restaurant in Manchester on elm Street starting at 6:30 p.m. hopefully you can make it.

Hi Michael,

Thank you so much for inviting me to the meet up. I unfortunately have to work that night. When do you usually hold these meet ups? I am definitely interested to go to them and meet/ learn from different people about their experiences and absorb their knowledge.

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All Forum Posts by: Dan Hopkins

Dan Hopkins has started 3 posts and replied 12 times.

Post: Learning the Market

Post: Learning the Market

Post: New to investing and trying to get help started.

Post: New to investing and trying to get help started.

Post: New to investing and trying to get help started.

Post: New Hampshire start up investing

Post: New Hampshire start up investing

Post: New Hampshire start up investing

Post: New Hampshire start up investing

Post: New Hampshire start up investing