All Forum Posts by: Nate Wilson

I am currently looking at purchasing a new property where I can house hack and rent out my current home. I am located in NH, and am looking at a house that has an ADU. The property is listed for 439K and taxes would be $7200 a year. I would rent out the house and live in the ADU. I believe the house would rent for $2700 a month and would leave me with about $400 profit without factoring in vacancy, repairs, capital expense and property management. With property management, vacancy, repairs, and capital expense I would be $450 under. This property would also include me putting $90,000 down. Also, my current house I would break even on after vacancy, repairs, capital expense, and property management. Both houses are pretty new. The one I am looking at is a 2005 and my current home is 1987. I expect both properties to appreciate at market value.

Am I better off putting my money elsewhere?  Any advice would be helpful. 

 Hi Erick, I am new to real estate investing but actively seeking for a property in the Manchester and Concord area. I am really disappointed I missed out at the NHREIA event last week. Let me know if you would like to connect. 

 Glad to hear you bought a property in Rye. I'm sure that will be a great investment property being close to the seacoast. 

For only 10k it sounds like a great place to start. Plus it will prove to your mentor that you are committed. The cashflow sounds very good.

Hello NH real estate investors

I did some searching on the forms but couldn't find much about local investors, wholesalers, or contractors. I was hoping to start this thread to meet up with new people in the business. I recently learned that every month NHREIA holds conferences and would like to if anyone else holds month meet ups.

As my real estate investing education continues, I have learned that forming a partnership will lead to greater success.

What strengths do you bring to the table? Who would be the ideal partner for you.

For me personally I can be a private lender and could help with renovation. What I think would be a perfect partner? Someone who knows the renovation process and has done a couple deals under their belt.

I hope this thread turns into an excellent source to meet local people in the business.

@Ben Stoodley

Thank you for the response!

Hi Axel, did you ever get into hard money lending? I have thought about this Avenue and would like to know more about it. 

 As far as the hard money lending, what are your terms of the loans and what do you usually charge for interest?

@Frank Patalano

Thanks Frank do you know where I could find out more information about the topic. I posted a thread but didn't get much feedback.

@Frank Patalano

I am a beginner from New Hampshire and what's holding me back is finding the right deal. I also wonder if I may be better off being a hard lender until the market settles down.