All Forum Posts by: Rudy Planter

@Rudy Planter I have been hearing f good things from people I know who have bought in Rochester. One of them made over 100 k on there place in a few years. I hear it is changing and growing. But I think I am partial to Manchester based on location and amenities, airport, Whole Foods, restaurants (I am told there are a good amount of nice ones?). Maybe I am overestimating Manchester, but I am told there are very nice areas, as well as very rough areas 

You can go to Zillow to see what houses in the neighborhood/zip code are currently asking for rent prices.  They also have info about how many contacts each property has had, how many days it's been listed for rent, and how many applications have been submitted (if they accept them directly through Zillow).  This info is good if you're narrowing down your criteria.

Wendy

My experience is that you will struggle to find agents in NH that can provide any insight into investing.  I would take anything they say with a massive grain of salt unless they are serious investors themselves.   

I have found that if you take 10% off Rentometer you have a pretty good ballpark and as others have said it takes about 4 minutes on Craigslist to get a very good feel for what market rents are in an area and you can adjust higher or lower for the property you are looking at.  Side by side duplexes rent at a premium of about 30% for comparable SF that is in a apartment building.  So if 1k sf 2 BR apartment is going for 1050 you should be looking at 1350 - 1400 for a duplex in the same town.  There aren’t many towns in NH so I recommend running your own numbers on Manch, Nashua, Goffstown, Plaistow, Derry, Dover, Milton, Concord and Rochester and you should have a stronger understanding of NH investor markets than 99% of agents.  

Goodluck!  NH is a fantastic place to invest.  Good hard working independent tenants abound in this State.