All Forum Posts by: Joe Pearson

@J Tessier And you ride a KTM! Are you in NETRA?

Welcome to BiggerPockets and congratulations on your success in getting a couple investment properties!

Is there anything you're looking to learn or anyone you're looking to meet around here?

-Joe

@Steve Shirk Next http://nhreia.com/ is on 9/11 and about rehabbing. Nonmembers are $20 per meeting and it's $90 per year to be a member.

Welcome! There's also @Gal Peretz's mastermind in Nashua every 3rd Wednesday of the month, which is free.

-Joe

@Rudy Planter There's also the audiobook version, if that's better for you. My commute is an hour and a half, so I have plenty of time!

@Kyle Lewis, Welcome to BiggerPockets!

As a minister have you ever gotten to know real estate investors? If you want more real estate connections I'd suggest the NHREIA meetup every 2nd Wednesday of the month in Manchester, 40+ people show up off all sorts and very useful information. $20 for nonmembers per meeting and $90 per year to be a member. Also, there's @Gal Peretz's Mastermind meetup on the 3rd Wednesday (I believe) in Nashua, and that's free.

Just keep networking and learning!

-Joe

Like Jessica said, I live in Manchester NH, and even though the schools are rated low there are large companies building here and I've seen plenty of families at open houses. 

-Joe

@Stephen Scire, If you have the time on Wednesday evenings you could come up to the monthly meetups in Manchester, NH or Nashua to continue networking. 

Do you know realtors in the primary areas you are targeting?

-Joe

Welcome Christian! I'm much newer than you around here =) I've been consuming information for the past year, aiming to buy my first multifamily soon.

I've been to the NHREIA in Manchester twice and have signed up for the rehab bus tour in a couple weeks! To attend meetings as nonmembers is $20 per session, but they will take the 20 off the $90 annual price if you sign up to be a member at next month's meeting. Also, Gal Peretz hosts a free meetup every month that I attended a couple weeks ago for the first time. (https://www.biggerpockets.com/forums/521/topics/559070-nh-ma-investor-lets-get-together-and-talk-real-estate-investing)

Good luck! 

-Joe

@Frank Patalano, Similar to others, it's lack of money. So, I've been researching various creative options for real estate investing and trying to plant seeds in some of my peers that have cash savings. Hopefully I'll get into my first multifamily home within the next few years. Damn student loans are a killer

-Joe

@Jim Froehlich, 35% equity? So, for folks like Nate and myself looking to buy our first property you'd suggest forking up a down payment of 35% just to brace for any downturn in the market in the near future? I'm aiming for an FHA Loan, 3.5% down, 4.85% interest, not quite 35% equity out of the gate.

If, for example, I can get a duplex in Manchester that would offer 7% CoC (acting as if I'm a tenant), but I can afford the mortgage on my own without a tenant, would the weight of a downturn in the market be a smaller concern?

@Nate Wilson, The biggest pull for me to get into real estate investing is that I need somewhere to live, and I'd rather have that place give me some money left over in pocket than not.

-Joe

Likewise, thank you for the info @Axel Ragnarsson! Similarly, I'm looking for a multifamily property in Manchester/ Nashua. Tho, I have no reserves, so I'll probably be saving up for a couple years =/ Tho, I am curious to see how 240 Jewett St does.

-Joe