Waterbury, Connecticut

[Michael Tranzilli]

BP,

I just found a deal in Waterbury, Connecticut. Two townhouses FSBO. Initial research off pro forma shows an 8.2% cap rate. I'm intriqued and want to now dig deeper. I know NOTHING about Waterbury, Connecticut. I'm 90 minutes away in NYC. The owner has said that the two units after this year won't have any taxes to pay because they have been put on a historical preservation list. Could this be possible? I've been doing some research an noticed an economic plan for a huge revitalization that is taking place in the town but then I also found a article that this revitalization has stalled due to lack of funding. I am open to "long distance" investing if the numbers work but want to know if there is anyone out there in BP nation familiar with Waterbury and its REI that can offer any bits of advice? Thanks.

Michael

[Kyle Kurt]

I invest in Waterbury ct, and I am there 5+ days a week. if you would like to talk or would like me to look at the property let me know.