All Forum Posts by: Jim Mitchell

Good Evening, I am looking for someone that has extensive  experience with rehabbing/condo conversions in Brooklyn NY. This could include a condo conversion of a historical building and a separate lot that could also be developed. I am in the first stages of acquiring the property and will need this expertise in the next 2-6 months. Please message me

Thanks 

Thanks Richard, I was able to find one through a friend of mind... I may need another good to know I can reach out to you.

Thank you!

Hi, we have a 100 year old cottage on Webster Lake in Franklin New Hampshire under contract and need someone to look at the property with us to ensure its safety, viability and to do some work to it.

Please let me know if you there is any body out there! Thank you 

Jim 

Its always advisable to have a good attorney and have them look at the restrictions in addition to doing your due diligence with the city/town. Agree with the view that you do have to look forward to understand where the current wind is blowing in the city/town your looking at. Things can change in an instant if they pass laws restricting short term rentals. 

Angel-Ty L. I just did a standard Facebook ad with the goal of collecting emails. Basically sign up now for special offers with a link to my home. Worked great. Also set up a face book page for my home and now have more than 700 followers. I targeted MA, RI as that is most of where my renters come from, chose shoppers, skiers hikers etc

@Rich Thomas the toughest months to rent are April, part of May and November. However this past November I kept both my North Country and Bartlett properties rented. Summer is a gold mine in the village of North Conway, my Bartlett property still does pretty well. I already have 4 weeks of my Bartlett Property rented this summer My North Conway Property is pretty much booked for the summer. I primarily use AIR BNB but I just created my own website which is under construction. www.thewhitemountainretreat.com I am close to Story Land in my Bartlett home so I have no issues booking after Middle of May  I  have a marketing campaign ready to launch which I hope will drive more bookings for the spring. I used Facebook ads collected a couple hundred emails and will send out a mail chimp campaign once I have my booking capabilities built in the next week or so.  Marketing is the key to booking! even during the slow months.  I currently have no property manager on my Bartlett Property but had one for the first year until I was able to build up local contacts like handy people, cleaners, lawn care etc. My goal is to cashflow my Bartlett property 1k per month this year. My first year I broke even which I expected after making it what I wanted with furnishings etc.  My North Conway property I do have a property manager which takes 25%. Pretty steep but once I get past the first year my plan is to go on my own there as well. I think with that property I can cashflow for more than 1k per month based on its location (Walking distance to the village, restaurants,) Could even walk to Cranmore if you wanted.  I live in southern NH so its a good 2.5 hours away, with the right people and processes in place its pretty easy to manage from afar. I have automated doorlocks, thermostats etc... so managing that stuff is easy. Good luck with finding a place. Tough right now Inventory is low, both my homes I bought off market by contacting brokers and property managers. Jim 

and yes anything less than I think 120 days is considered short term thus pay meals and rental . 

@Christina Presenti in North Conway the short term rental market has better cash flow. There is an opportunity for long term as there is a housing shortage up there. I have considered tiny homes on lots up there as the zoning cN be favorable

Mixed Use Commercial/Residential Property for sale in West Dennis MA along route 28 . Was a successful Retail business for the past 15 years with large apartment on the second floor. Total Sq feet = 3800. Asking 450k or BO. 

Property Address:

47 Main Street West Dennis MA

5 Bed Septic and has passed title 5. Updated with all new 10 year fire and carbon monoxide detectors inspected by the town. 

Awesome views of the Bass River from second floor. 

Rt. 28 is a highly traveled, high visibility road during the spring, summer and fall seasons. Close to town landings, and a little over a mile from a very popular West Dennis Beach. This property is across the street from a park owned by the town that can never be developed. Also across the street from the Bass River Marina and close to restaurants and other retail establishments catering to the vacation traveler. This property can be rented to a retail store on the bottom floor, and short term rental during spring, summer and fall. This is just one of many options for this property.

Has had the following upgrades in the past several years.

Updates to Building:
New Roof - 6/2/08	$8,900.00
New windows in upstairs front room facing north, east & west - 6/24/10	$5,422.79
New electrical panel downstairs - 3/15/12	$5,549.19
New window downstairs in store facing east- 4/25/14	$585.00
New double-doors into retail store - 10/19/13	$1,745.00
New paint on trim for whole building - 6/23/14	$2,000.00
New windows and trim in attic - 10/27/14	$892.00
Total =	$25,093.98

Please email me if interested or want more information. 

[email protected]

Serious inquires only.

Thank you 

Jim Mitchell 

Mixed use commercial, residential opportunity in Dennis MA. 3000+ sq feet 2 floors can be used as retail business on lower unit, retail or residential on top floor. 

Please email me with contact information if interested. 

[email protected]