All Forum Posts by: Jaylan Archer

I know the seacoast of NH has been mentioned here but I wanted to point out a few options that could be considered.

Hampton, a popular coastal town, has strong demand for multifamily units near the beach and a robust short-term rental market, especially in summer. However, the market is competitive, and rental regulations are becoming stricter. Portsmouth, known for its historic charm, offers higher prices but strong demand for both multifamily properties and short-term rentals, with premium rental rates for well-located properties. Very hard to find multi-family properties that cash flow in this A market. The short-term rental market here is particularly lucrative, though regulatory changes can impact profitability. 

Moving inland, Dover presents a more affordable option with rising demand for multifamily units and a steady rental market, though its short-term rental potential is less robust than coastal towns. Still, it offers solid cash flow potential, especially in multifamily properties with cap rates around 7-9%. Lastly, Rochester, the most affordable of the four, provides great opportunities for investors looking for higher cap rates (8-10%) in multifamily properties. Personally I think there are great opportunities in Dover, Somersworth and Rochester.

 Overall, Hampton and Portsmouth are best for premium short-term rental opportunities, while Dover and Rochester provide more affordable and potentially higher-yielding investments in multifamily properties.

Hey Alaina,

I love the vision you and your husband have! Real estate investing can absolutely be a game-changer when it comes to freeing up your time and helping shape the community you care about—especially in our beautiful region.

You’re on the right track by diving into BiggerPockets. It’s an invaluable resource for figuring out the best strategies for your goals. A few things I’d suggest as a local investor:

Know Your Markets: New England is a mix of urban, suburban, and rural areas with very different dynamics. Seacoast NH, for example, has some great potential with short-term rental markets (Airbnb, VRBO), especially in towns like Portsmouth or Hampton, but the regulations can be a bit tricky. You'll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.

Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow. Consider duplexes or triplexes that can help offset your mortgage and provide steady income while you figure things out. Seacoast has a mix of those, especially in towns with younger populations, think Dover, Newmarket, Somersworth, Sanford, Biddeford. This would be more of a multi-family buy and hold play. 

One last piece of advice—don’t rush. Your first deal is important, but you don’t need to be in a hurry. Do your due diligence, understand the area, and make sure your numbers work before jumping in. The first one will likely determine how quickly that second purchase can be made. 

Good luck, and feel free to reach out if you have specific questions as you go along!

Happy investing!

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.