All Forum Posts by: Richard Dale-Mesaros

Comparable sales from the MLS and off-market sales via the town's records. Lots of things to consider when buying land, I have a great P+S clause that covers you for pretty much everything if you need it.......

Woah! A lot to cover there! I'm up in the western White Mountains so can fill you in on this area and stuff to bear in mind on the items you alluded to....... just sent you a connection request.  :)

My dad's an engineer, my brother's an architect and I am patent pending on my first product, with 30+ other ideas behind it, but I also feel fortunate to have the sense of chutzpah to pull the trigger on deals and not get the deer-in-the-car-headlights syndrome. Others have alluded to this above and many new investors I talk to struggle with the action part....... life is short, get after it. In the words of extreme skier Andreas Fransson: "Live this life, live this chance, live what's here because here and now is the only thing that is!"

@Faith Garvia - happy to help you out up here in NH let's connect!

Nice one, @Timothy Walsh - glad you found BP, Josh, Brandon and co have done a great job of keeping it high-integrity and conveying the importance of doing the right thing! Feel free to reach out if you need input on deals, ideas and motivation etc - not an easy business but you can speed up your learning curve and avoid mistakes by aligning yourself with more experienced investors! Onward!  :)

Paul English at Ace Title in Manchester, Summit Title, too I think. I have investors down in the Keene area if it falls apart.......

I think the technical market term up here in NH is 'f-ing bananas', seriously! Lenders and appraisers have been more than inundated with this massive influx of buyers and Refi's. Unfortunately even if you find the lender an alternative appraiser, they are only allowed to pick from their pre-determined list, as opposed to one you provide for them. Certainly speak to the buyer's lender if you can and try some if the strategies mentioned above, if your P+S allows you to do so...... this is a highly irregular scenario we're seeing, even waaaayyyyyy up in Berlin!!

We have a huge influx of people buying in NH at the moment, obviously mostly short-term COVID-related, however I do feel this will be pretty sustained, now that so many people are questioning city life and have realized it IS possible to work from home, so why not do so in an incredibly beautiful place with hardly any crime and tons of outdoor activities? Internet and cell service can be spotty in our mountains and more rural areas, so always good to check on that early on in the acquisition process. I have three clients who have done well with AirBNB, with annual revenues from $30k-$60k on houses.......

We have a real shortage of both homes for sale and apartments for rent in NH, especially in the towns you mentioned, although Rochester is significantly behind Dover and Portsmouth in terms of perception from buyers. The influx of out-of-state buyers has impacted an already tight inventory situation, it's a little crazy right now and I see this as a pretty long-term thing because this influx will be sustained, not just a short-term COVID thing, now that a lot of people want to be in a more rural setting and have realized they can work successfully from home. I'm working on spec homes for both higher-end mountain homes and contemporary cabins AND affordable modulars, because of the severe shortage of all three!

I heard from a Realtor down there just yesterday that a LOT of people from MA are moving up to that corner of NH, so if you can get any rentals, you should rent them pretty quickly (you could always do a ghost ad on craigslist to see how many calls you get....). I have several cash investors and landlords looking for more units in that area, in case you get something under contract and decide to wholesale it. Three ways you might be able to get into a building without needing to get a mortgage are: Lease option, owner financing and 'subject-to', if you find a seller needing to get out from under a property and they're open to one of these scenarios.......