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All Forum Posts by: Patrick McCann

Patrick McCann has started 5 posts and replied 90 times.

Post: Happy to be Here!

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

It’s going really well. Hit the target rent and have really good tenants with no issues, hardly ever have to talk to them. I have had a few minor unexpected repairs. Slowly working on fixing the unit we live in and still have some exterior work to go. Hoping to do a cash out refinance in the summer. NH has an extremely low vacancy rate.

Post: Happy to be Here!

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Hi Mike, Habve you made any investments here yet in NH? or are you planning to?

Post: Can you use income from ADU/in law apt to help qualify for FHA?

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Hi Nick, have you checked the property record card with county/city to see what they actually have the property recorded as? Agents do make mistakes on listings and owner disclosures aren’t exactly always accurate either.

Post: Newbie RE investor Long Island

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48
Quote from @Zack Reyes:
Quote from @Patrick McCann:

Hi Zack

If You're in Long Island I'd suggest you look up Matt Porcaro @the203kway, he has greta info and resources for househacking and 203k renovation loans. He also is from Long Island.

I'm a union ironworker the same age out of the boston local by the way. I househack a duplex in NH


 Hey Patrick! thanks for replying and thanks for that contact, I'll definitely reach out to him! Was the duplex your first investment?


 First investment and first real estate I’ve ever purchased.

Post: Newbie RE investor Long Island

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Hi Zack

If You're in Long Island I'd suggest you look up Matt Porcaro @the203kway, he has greta info and resources for househacking and 203k renovation loans. He also is from Long Island.

I'm a union ironworker the same age out of the boston local by the way. I househack a duplex in NH

Post: Out of state investing - newbie RE investor

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Hi Tom, 

I househack here in NH. Yes NH is kind of at the higher end of price points, but I think it is a great place to invest. Less than 1% vacancy throughout the state, great appreciation, rent growth, landlord friendly for the most part. I'd be happy to chat and answer any questions you may have

Post: Land Hacking with tiny homes

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Someone once on the rookie podcast from Maine has all and with sone tree houses they rent. I believe it’s branded In The Trees Maine. I follow them on Instagram, maybe could try reaching out to them.

Post: STR / Airbnb In Vermont - Is There Year Round Viability?

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Most northern New England tourist areas pretty much shut down in the spring for mud season once every thing thaws. Summer theres hiking, biking, watersports etc. fall alot of the same things as summer plus hunting and leaves. winter skiing. Spring not much to do plus alot of places close to take a break

Post: Deciding on what market to invest in….

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48
Quote from @Jonathan R McLaughlin:

@Angie Briggs if you’re north of Boston I don’t know why you wouldn’t be looking in New Hampshire instead of far flung locales? Most of the seacoast is expensive but get away from there and solid towns with good numbers. Low unemployment and almost zero vacancy. 
I think MA gets a bad rap as “tenant friendly”—most of the refs are simply about fair treatment, but in any case NH has a more “landlord friendly” reputation.


 As a lifelong NH resident I like how under the radar and not talked about the market is. Cost are a bit higher than the national average but the rent prices and market are strong. Pretty competitive among the local investors though.

Post: STR / Airbnb In Vermont - Is There Year Round Viability?

Patrick McCann
Posted
  • Realtor
  • New Hampshire
  • Posts 90
  • Votes 48

Summer time I know Killington is popular for mountain biking, I personally haven't rode there yet. I have been to Kingdom Trails in Burke/St. Johnsbury and it is like mountain bike disney world, license plates from all over the US and Canada.