Thinking about investing in Bridgeport CT.  Does anyone have any feedback on this area? TIA!

Originally posted by @Jessica Zoccali :

Thinking about investing in Bridgeport CT.  Does anyone have any feedback on this area? TIA!

Bridgeport CT is pretty rough. Make sure you use an agent that understands the neighborhoods, or you may be the proud new owner of something not so great! 

"Bridgeport is the only city in Connecticut – and the broader New England region – to rank among the worst U.S. cities to live in. A relatively poor city, the typical household in Bridgeport earns just $44,841 a year, and more than one in every five city residents live below the poverty line. Those on the low end of the income spectrum in Bridgeport are strained further by the city's high cost of living. Goods and services in Bridgeport are 30.8 percent more expensive than the average nationwide."

https://www.usatoday.com/story...

Bridgeport can be a great investment, I currently own a handful there and have helped clients find investments. The returns are solid, you need to know which areas will attract better tenants and make sure to screen your tenants throughly. Happy to connect and go into it further. 

Hey @Jessica Zoccali , the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport CT. Connecticut in general is in a sellers market. You will need to be creative in negotiating to get the price / terms you need.

You can use the Bigger Pockets calculators to start. Right now rents are strong, you can get $800 for a 1 bed, $1100 for 2 bed, and up to $1300 for a 3 bedroom. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person by contacting the listing agent.

Let me know if you have any questions.

-Craig