All Forum Posts by: Richard Dale-Mesaros

 from @Myles Underwood:

Hi, 

I am a new member in the beginning stages of creating my investment strategy. I operate a home services business specializing in property management, renovation, and general contracting. I obtained my real estate licenses in Maine and New Hampshire in 2023 under Keller Williams Coastal and Lakes & Mountains, Portsmouth, NH office. I currently do referral work through the holding company, Universal Principal Broker. I have completed a successful fix and flip and multiple remodels. I am looking to define my investment strategy in 2024 to become a full time real estate investor. I am happy to join Bigger Pockets and looking forward to learning from and working with the community!

Thanks,

Myles
 

Hi Myles! Let's chat at your convenience - I'm also one of the 700 agents out of the same KW office, have fone 75+ buy-sell deals myself and closed 55+ transactions as an agent, 80% on the listing side. Happy to be a resource for you! 

Hi Lucas, I'm in Campton and it may be worth a quick chat, regardless of whether or not we end up working together in any fashion, happy to be a resource. I'm familiar with the STR scene up here, have done 75+ buy/sell deals myself, including 15 or so land deals. No STR of my own or land dev/new construction, so I may not be the best fit for your needs but certainly I can be a source of deals on land in this area..... 603 726 0221.

@Nandish Desai

Feel free to reach out, I'm happy to be a resource! 

I agree with @Richard Dale-Mesaros. It is a lot of work and you should really be talking to the municipality where you are looking to build.

I certainly wouldn't do a tiny home if I had to do all the site prep and bringing in utilities. I would build a regular home.

@Michael Hoover

@Michael Hoover

Quote from @Michael Baum:

I agree with @Richard Dale-Mesaros. It is a lot of work and you should really be talking to the municipality where you are looking to build.

I certainly wouldn't do a tiny home if I had to do all the site prep and bringing in utilities. I would build a regular home.

Quote from @Nandish Desai:

Hello 

Newbie in STRs. Have a multi and few condos as long term rentals and wanted to diversify in STRs. Can anyone guide me through the process of buying land, getting permits and setting up a tiny home/s for STR in New Hampshire, 1-1-5 hours from Boston. Looking to buy tiny homes from company that do turnkey delivery. Also open to someone telling me this is not a great idea.

 Buying land has an EXTENSIVE list of considerations and due diligence items to determine if it's a fit for your needs/business model. How do zoning, subdivision rules/covenants and restrictions, rights-of-way, deed restrictions factor in? Is there power/internet/cable/cell service? Is the road dirt or blacktop, town maintained? Is it a Class VI road? If so, you will likely have to waive your right to fire/police/ambulance. Which way does it face (N, S, E, W)? Will the lot support a septic system? How steep is it? Does it afford views? How's the neighborhood (any raging lunatics nearby?!)? How are the soils, (clay, sandy, ledge etc)? Can it be further subdivided? The list goes on........... 

Cliff H above is a good one to talk to, also Sarah Umberger owns and manages a few up here in the White Mtns, let me know if you want her number.....

A cheaper option than a designer can be a stager, so keep that in mind, I have three that I've used up here. Definitely worth doing professional photos as well! 

Hi Camden, I've bought a lot of of properties before, at and after auctions (REO), can suggest and agent or two down that way, feel free to reach out - at auction is certainly the riskiest category because you often can't get in to see the basement etc....... 😳

Going with electric will generally be perceived as a negative and cut down your buyer pool to some (or a great?) extent. If you REALLY feel you have to go with electric baseboard, perhaps consider the oil-filled ones, which are more efficient, but cost more. Selling a house in NH with all electric heat may mean a lower sale price that equates to a similar amount to the install cost for a new boiler. Selling an electric heat home may take longer meaning extended holding costs which will also eat into your profits. If it's a great house in a great location in one of our low inventory towns, perhaps this issue is less of a concern. Just my thoughts, good luck!:)

Quote from @Jonathan Greene:

Good advice here already, but I would second and third attending local meetups. I would look for meetups with no pitching and no lenders, just investors, so you can make some connections. While you are still in college, you may be able to help other investors with your skill set in exchange for getting some real life training and viewing. I would not offer to take investors out to coffee, etc. because that is a one way, they don't need that. Formulate what you can bring to the table over time and use that to find win-win situations with others after you attend the same meetups over and over. Good luck!

 I'm still doing deals with investors I took out to breakfast, 20 years later! 👍💰🏡😁