Buying investment property: numbers before emotion
Numbers before emotion: what a property costs to own and what it realistically brings in.
Investment property is a numbers decision first
Buying investment property on the Seacoast, around the lakes or on the North Shore is a different kind of purchase. The question isn't whether you'd love living there. It's whether the numbers work, and keep working.
That means looking hard at taxes, insurance, upkeep and vacancy, not only the purchase price. On the coast and the lakes, it also means understanding the local rules on rentals before you count on rental income.
Talk through the numbers
How my team helps investors
I'm Brenda Maggy, Principal Broker of Beach-Homes Realty and Lake Homes Realty in New Hampshire and Massachusetts, with 200+ homes sold since 2013. With investors, I keep the conversation on the numbers. You'll hear what I think a property is worth to you as an investment, not as a home.
We'll look at what the property actually costs to own and what it realistically brings in, and you'll check the local rules that affect renting it before you commit. For tax questions, including a 1031 exchange, your tax advisor is the right person.
What the process looks like
- Your goals: long-term rental, seasonal rental or a property to hold.
- Financing with a lender who works with investment purchases.
- A search built on the numbers. See how the search works.
- Due diligence on condition, costs and any rental rules. See closing.
This page describes how my team generally works. It isn't tax, legal or investment advice.
Investment property in the towns I cover
I help investors across the towns I cover, including Dover, Portsmouth, Hampton and Laconia.
Frequently Asked Questions
Can I rent out a beach or lake home?
Often, but local rules on rentals vary by town and change over time. Check them for the specific property before you count on rental income.
Can you help with a 1031 exchange?
I can help you find and buy the replacement property. The exchange itself needs a tax advisor and a qualified intermediary.
What costs should I plan for on an investment property?
Taxes, insurance, upkeep, vacancy and any management costs, on top of the mortgage. We'll look at all of them before you make an offer.
Keep exploring
Ready to make your move with Brenda Maggy Group?