New Hampshire Rental Markets Holding Strong
With the pandemic causing so many changes to the real estate markets, especially rental markets, its impressive that major New Hampshire cities have remained strong with their rentals. For example, as of February 2021 the renter population in Nashua was 46% with an average monthly rent of $1,641, which is much higher than the national average. There’s much more affordable rent spaces in the state, with cities like Portsmouth However, even that rent price is a 6% increase from 2020, which is an important stat to consider when so many northeast rental markets dropped in price.
New Hampshire also holds the lowest rental vacancy rates in the northeast, with a statewide average of 1.8% vacancy compared to the northeast average of 5.5%! As buy and hold investors know, the only time a rental property is a bad investment is when you can’t find a tenant. Knowing the market trends and understanding the likelihood of finding someone to rent your property plays a huge role in rental investments, so New Hampshire is currently a secure market for these long-term investments.
Rental Loans For BRRRR Investors
ABL is constantly paying attention to market trends to better serve our borrowers, which is why we designed these rental loans for investors using the BRRRR method. With the popularity of this investment style growing over recent years, we wanted to make sure our borrowers had a reliable option to start or expand their rental portfolios. We offer these loans to investors of all experience levels, assessing each deal based on the income-producing viability of the property.
For those that don’t know, the BRRRR strategy is a long-term investment strategy that focuses on rental properties. The acronym stands for buy, rehab, rent, refinance, repeat. The investor first purchases a rental property and rehabs it to increase its market value. After finding a tenant to fill the property and begin generating monthly income, the investor refinances the loan and uses their new capital to purchase their next rental property and repeat the process. By following the BRRRR method investors can quickly expand their rental portfolio and start to passively generate wealth over time. Our rental loans are designed for BRRRR investments centered around 1-4 family properties. If you’re ready to be approved for our New Hampshire rental loans, then contact us today.