All Forum Posts by: Flavio Zanetti

My experience is that you will struggle to find agents in NH that can provide any insight into investing.  I would take anything they say with a massive grain of salt unless they are serious investors themselves.   

I have found that if you take 10% off Rentometer you have a pretty good ballpark and as others have said it takes about 4 minutes on Craigslist to get a very good feel for what market rents are in an area and you can adjust higher or lower for the property you are looking at.  Side by side duplexes rent at a premium of about 30% for comparable SF that is in a apartment building.  So if 1k sf 2 BR apartment is going for 1050 you should be looking at 1350 - 1400 for a duplex in the same town.  There aren’t many towns in NH so I recommend running your own numbers on Manch, Nashua, Goffstown, Plaistow, Derry, Dover, Milton, Concord and Rochester and you should have a stronger understanding of NH investor markets than 99% of agents.  

Goodluck!  NH is a fantastic place to invest.  Good hard working independent tenants abound in this State.  

As a market I think Manchester is a great place to own. As a place to currently buy, prices are climbing fast!  Is it sustainable, who knows but the workforce is certainly growing. With more and more high tech companies opening up we seem to have more of these tier one employers such as BAE Systems, DEKA, and EFI who are all adding hundreds of jobs within the city spinning off lots of other opportunities. Long term this employment grow should keep vacancy rates low for a long time.