All Forum Posts by: Daniel C.

Manchester was just the number 7 hottest Realestate market in the US for the month of April, according to Realtor.com.  Inventory is very low all across NH. There are plenty of people that still find deals, but I imagine starting outside the city would be better. I find success in small multis myself, since the price to rent ration is much better here.

@Adrian Moening

I think you will probably get a lot of answers saying now is not the time.

I would say that it depends on your area and your tenants.

We have an annual schedule laid out well in advance. I should also note that rents have remained stable here despite the pandemic. None of my tenants (7 units) have lost jobs or missed any rent. That said, we’ve proceeded as normal.

We have given the option, should they choose not to renew, to stay month to month at the old rate until the state of emergency expires for their safety.

Everyone has resigned and are all very happy.

Every landlords situation will be different, but I think it just comes down to not taking advantage of the situation and making sure you don’t create an unsafe situation for your tenants.

@Randy Eckstein

Fannie and Freddie loans only need two years from the date the chapter 13 bankruptcy is discharged.

There are indeed local credit unions that will do portfolio loans (I’ve seen 7/1 arms instead of 30 yr fixed) before the two year period is up, so long as you otherwise are a good candidate.

The key is to keep calling until you find the one that will..

@Zachary Bellinghausen

Typically you should be raising rent on a lease renewal. If they are good tenants, explain what the increase would be, and then offer to forgo the increase as a compromise.

Hey Axel

I saw your presentation last week. Great job and very interesting!

I’m not sure if your set on local, but we actually work with Royal Legal Solutions, which you’ll find the owner Scott all over this site and the podcast circuit. Everyone has a different opinion, but the series Llc setup worked best for us.

Hopefully we get the chance to talk at one of the future meetups!

Best

@Ben Reeder Welcome! We’re about a year into our investing journey and have duplexes in Litchfield and Derry. Happy to answer any questions from a newby perspective. You remind me that i also really need to get to @Gal Peretz’s meetup. I’ve been planning to and have yet to make it..

@Jeffrey Holst @Joshua Dorkin

Excellent work, and best of luck to you in the new year!

Last year over Christmas break, I stumbled on Brandon’s first book, which ended up changing my life! I then listened to all the podcasts in 3 months (I commute a lot), and ended up buying my first two duplexes as a result!

The only point that I really wanted to make though, is that Josh Dorkin is indeed interesting! I love Brandon and David, but Josh was my favorite! Bring Josh Dorkin back for the trifecta!!!

Now that I got that off my chest, best of luck to you this year!

Hey Cameron

I’m in Derry also. I collect the security deposit in full within 48 hours of offering the property. Then first month when giving keys. I do certified funds for both, then payments online after that. When you say hold the property, hopefully it’s just short term. I wouldn’t hold for more than a week or two if your place is move in ready.

Thank you both. I appreciate the feedback. It sounds like it’s not too critical either way.

Hi I’m closing on a duplex next week. I’d like to replace the siding with vinyl. What different tax implications might there be if I do this before I place tenants, or after, when it is “in service”? I’d obviously like to have this in place so the house will show better, but I don’t want to miss out on any tax savings. Thank you