All Forum Posts by: Richard Dale-Mesaros

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!:)

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

 Jaxxen, take other successful investors out for breakfast, offer to help them out and pick their brains - productive use of $30!

 Would you entertain other tax-deferred alternatives to a regular 1031 exchange in this instance? 

...... I had an option to buy a park up in Lincoln, NH and a guy showed up from the state of NH, encouraging the occupants to form a Co-Op, which they did, so I had to step aside. A 120-pad park here in Campton I'm pretty sure actually had sold to an investor, then was reversed in favor of then forming a Co-Op - I'm going to verify that statement with the town, I don't know for sure - I thought it had sold then the Co-Op sign appeared! 

Another thought is to 1031 exchange your way into a limited partner position in a syndication on a large apartment complex - annual returns on your cash typically equate to 16-20% (when you combine the preferred return with a chunk on the back-end in 3-5 years as the property is resold)..... this has to be as a 'tenant-in-common' (TIC) and I know a few syndicators who offer this, also, someone who does other tax-deferred alternatives to 1031's.

 Feel free to give me a call, happy to chat

Starting out there are several strategies to make money in real estate using very little or no money, plus we have various ways to find off-market deals such as delinquent tax payers, driving for dollars, foreclosures, redemption deals, non-town-tax-paying entities, wholesalers, tax deed auctions, estate homes, the list goes on - there are always opportunities regardless of what area you live in! 

As another example I'm working a gutted large duplex deal in Gorham NH and that one will be going out to investors at around $100k. Wiring is mostly done and plumbing, ready for insulation and everything else........

Seems to me if you were to sign up as an agent and considering any listing takes around 90 hours (from pre-listing appointment due diligence through post-closing thank-you's.....), it would only make sense on $300k+ closings, which equates to around $50/hour (at 3% commission on the listing side), which I'm sure most agents wouldn't want to dip below.........