All Forum Posts by: Breandan Garland

@Colin Schleifer unfortunately I don’t have experience using any PMs in the Keene area, as I’ve been managing my own properties thus far. However I am also currently on the hunt as I’m looking to scale up significantly. If I find any rockstars I will certainly share their info with you.

@Dan Shanahan hey Dan! I’m a real estate investor and agent in Keene, NH and I also live in the city. You hit the nail on the head with property tax, it’s the highest in the state. Also, the water/sewer rates are quite high as well (really the only other lever the city has to collect revenue from its residents). However, rents are very high and do support the extra expense for the most part (depending on the property of course).

I’d love to chat more if you have any more specific questions regarding the area. Feel free to reach out anytime.

Hey Gabe! I am a buy & hold investor based in Keene, NH. I own 2 duplexes in Keene. Feel free to reach out if you want to chat or have any specific questions about the Southern NH market, I'm happy to help.

@Brie Schmidt

Thanks for that info, I really appreciate it.

It's looking like it would be much easier for me if I were able to wait a while and have some cash to put down as well as some cash on hand for any repairs/upgrades needed. Hopefully my current day job will be able to provide this moving forward (this was my plan until I am able to have enough income from properties). I just graduated college, which is why I don't have much savings. Once I get a few months under my belt at this job I'm sure I will be in a much better position.

@Brie Schmidt

Thanks for the tips. Back to the FHA loan topic. I have read that FHA will not fund properties that need repairs. Is this a strict rule? Or is it more aimed towards properties that need more major repairs - having structural issues or something.

Can anyone shed any light on the owner financing topic? Good/bad idea? Is it any easier to acquire than a traditional bank loan? I just don't see myself qualifying for a mortgage quite yet. I am open to suggestions, and after further consideration I may be leaning towards live-in property management to start due to my current financial situation.

@Paul Timmins

Thanks for the suggestions. I haven't really thought about student housing opportunities, definitely worth looking into! Especially around the Keene area if I decide to go that route.

@Lou Veiga

Beautiful roads but they can be frustrating in the winter months! Haha

@Brie Schmidt

Would you suggest going a different route then since I do not have $12k to throw down on a property yet? Or maybe looking less expensive? I just don't want to unexpectedly find myself in a low income area with high crime. I could do some research first, though, of course.

@Jean Bolger

I will have to look into Homepath I have never heard of it before, thanks for the input!

@Roy N.

I do not cycle but I used to run competitively in college - I have to say all of the hills around here really helped with training!

As for staying in Greenfield, I have no plans to stay in Greenfield. I am looking for opportunities in the cities/towns you mentioned. I actually considered moving further south after graduation but I recently got a job in Londonderry so I feel I may be sticking around for a few years at least.

What do you guys think about owner financing? Is this worth looking into to get in somewhere without a bank? Or something to avoid?

Hello all!

I want to introduce myself to the members here at BiggerPockets. My name is Breandan Garland and I currently live in southern New Hampshire. I have been a member at BiggerPockets for a few months now, but I have not yet gotten involved in any dialogue on the site. I have been quietly reading and listening to the podcasts for months now, but I would like to start investing as soon as possible. Unfortunately, I do not have much start-up capital I can throw at a property. I do have a full-time job currently that I can use as some sort of source of capital, but I feel that sourcing a mortgage or a conventional loan through a bank would not be successful with my income and credit.

After much thought, I feel that I want to start with a multi-family (2-4 unit) property that I can live in and manage. I am not scared of having to do rehab to the property, but I am concerned with figuring out how I will fund any rehab costs. Are there any success stories out there from people who were in similar situations as I am starting out? I have heard a few, but I would like to get into conversation with some folks who can offer me real-life examples.

Thanks in advance! I look forward to getting into a conversation with some folks and opportunities to ask follow-up questions. I am open to suggestions!