Where the real estate community goes to network
Though New Hampshire has been subject to the same ups and downs in the real estate market that have been seen nationally, Realtor Mark Roy said the state has, and is still, able to offer those looking to invest or expand in the state something other states can’t offer.
“We’ve worked hard here in New Hampshire to have a business climate and an inventory climate that our market allows a lot of people who get shut out of other markets, especially to our south, to come in,” said Roy. “As the economy has started coming back, a lot of those newer investors or those investors who are trying to build portfolios have found New Hampshire affordable, where they’ve been pushed out of New York and parts of Connecticut and most of the Boston area.”
And when they get pushed out, The New Hampshire Real Estate Investors Association (NHREIA) is ready and waiting to meet them at the door.
NHREIA is a club made up of real estate investors, entrepreneurs and service providers. Every month they meet to share information, techniques, discuss leads and deals, and network with other folks looking to invest and build their real estate investing teams.
The group also provides education, networking and a good starting place for those looking to invest in New Hampshire.
“We kind of help support each other to achieve our individual goals,” said Roy, NHREIA board president.
As a long-time real estate agent in Manchester, Roy said through his membership he’s been able to connect people he meets in the course of his business with other members who offer services they may need.
“It gives me a room full of resources and a membership where I can say, ‘Oh, I’ve spoken to this person,’ or ‘I can guide you to here,’” he said. “It’s given me extended networking based on all the extended avenues available to me by being a member of NHREIA.”
Roy said the membership is populated with everyone from real estate agents and property managers to contractors to legal advisers and property flippers.
Furthermore, as New Hampshire stakeholders spend more and more time trying to attract new business and investment to the state, groups like these have become important gateways and first steps for many in that process. To that end, Roy said, each month, just before the regular membership meeting, the group holds an investors roundtable to discuss opportunities in this regard.
“It’s fantastic when we get someone new to the state, or in a lot of cases moving up or expanding their investments from like Massachusetts or Connecticut or New York, where they’ve heard about the business climate of New Hampshire,” Roy said. “We talk about how we can expand on how we help them fill their needs in New Hampshire and show them not only how easy it is to expand what they are looking for and to kind of guide them. So we try to get heavily involved with anyone coming into the state, showing some of the pros and cons, keep them from falling into the legal pitfalls and guide them to sources.”
Among other things, membership includes free admission to meetings where local and national experts are often asked to speak on real estate and investing matters. Members also receive discounts and access to loyalty programs associated with construction and real estate, including the Real Estate Investment Funding Association, which connects funders and investors. Members post both their offer and their work criteria; those facets are analyzed instantly to find the ideal match.
Members also get to participate in national REIA events, including an annual cruise, updates on legislative issues that affect real estate investors, the ability to post buy/sell opportunities on the website and the ability to post classified ads on the website.
For more information visit www.nhreia.com.