All Forum Posts by: Jaylan Archer

Hi Cecily and John! 

Welcome to the exciting journey of real estate investing in the Seacoast and surrounding areas! I'm also in the Seacoast region (NH and ME) and own some rental property nearby, so I know these markets well. The towns you're targeting—Rochester, Dover, Farmington, and Milton—offer great potential, especially for flipping and buy-and-hold multifamily investments. Rochester and Dover are seeing steady appreciation and rental demand thanks to ongoing development and proximity to Portsmouth - hard to find great deals here. Milton and Farmington can be excellent choices, too, often with more budget-friendly options and the chance to add value in less saturated areas, might have better cash flow luck here.

For lenders and agents, I'd recommend networking with those who have experience specifically in the NH Seacoast markets since these towns can vary in terms of tenant demographics and rental demands. Happy to share more insights, and I'd love to connect if you’re looking for local contacts or want to brainstorm strategies.

4o

Hey Nick! Congrats on trying to find a place in Southern NH. You definitely have options. I would probably see what you qualify for with just your wife's W2 income. Although it might not be very much, that will likely be the best loan terms you can find. 

Past that I would consider a DSCR loan that would just care about the property and its rent and not so much that you are self employed.

That sounds spot on to me. What was the price point on the property?

Hey Mitchell! Smart to be looking down the coast at a few markets for opportunities. I definitely love the seacoast of NH as well as the concord and Manchester markets. 

I'd definitely recommend visiting the city's planning and code department. Try and see if there is a septic design on file for the current system.

Hey Christine! 

I'd personally recommend a local lender for something like this. If you'd like a couple of names feel free to private message me and I am happy to share a couple of lenders licensed in NH.

Hey Devon! 

Congrats on picking up a couple of properties in the tough seacoast market. Sounds like you are headed in the right direction. I am also an agent and investor out of the KW Portsmouth Market Center. I have been growing the real estate sales side of my business over the last few years and am looking to spend a little bit more time on the investing side in the coming years. 

Would be happy to connect on the market and some of the projects we have going. 

Hey Myles! Congrats on getting your license. I actually work out of the same office with you. Not surprising we haven't met with how large it is. Would love to connect with you and hear about some of the deals you have been working on. 

Hey Michael! 

Definitely a popular listing as the location is hard to come by. The Nubble has been a popular vacation spot for decades now and raw land not directly on the ocean is selling for $500,000+. This particular location like others have shared is close to the Nubble lighthouse, walkable to ice cream and a restaurant as well as inbetween Short Sands beach and Long Sands Beach. The draw in the summer months March to October is going to be fantastic with high occupancy and $400+ a night rates depending on size and amenities. 

The challenge is finding something or creating something that appeals to the STR market for a reasonable price. You will also find that the dates of October to March are very slow in the winter and often times people turn them into medium term winter rentals in order to keep them occupied.

I own a STR about 15 minutes from here and would be happy to share my calendar and numbers with you.

Hey Alan! 

Congrats on getting a wholesale deal under contract.

I know of several wholesalers in the area and will PM you a list. Izaiah is one of the good ones so definitely connect with him too!