Military Buy and hold investor CT

Military Buy and hold investor CT

Member since 2023 · 6 posts · 2 votes

We have been buying and holding properties for 22 years, but only recently started thinking of it as a business. We bought 4 single family properties and one multifamily, all in Central Connecticut over the past year. We've recently entered a partnership to continue investments throughout CT and focus on B&H multifamily properties and small commercial properties. 

Interested in any distressed properties meeting those criteria, especially through the central corridor of CT.

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Devin PetersonBusiness Member
Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 667 votes
2y
Quote from @Brian Sparks:

We have been buying and holding properties for 22 years, but only recently started thinking of it as a business. We bought 4 single family properties and one multifamily, all in Central Connecticut over the past year. We've recently entered a partnership to continue investments throughout CT and focus on B&H multifamily properties and small commercial properties. 

Interested in any distressed properties meeting those criteria, especially through the central corridor of CT.


 Hi Brian! Local investor and investment focused mortgage broker in Middletown. Great to see you have an abundance of rentals in the area and are hungry to grow! There’s a bunch of local CT meetups where people meet once a month to share Deals and listings you may find helpful. Happy to connect with you and talk more strategy. I always like to meet more locals in the industry. Congrats on all your accomplishments thus far!

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  • John WilliamsBusiness Member
    Property Manager · Clarksville, TN · Member since 2018 · 443 posts · 210 votes
    2y

    Would you consider other markets? For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option. Let me know if you'd like to connect!

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  • Member since 2023 · 6 posts · 2 votes
    2y
    Quote from @John Williams:

    Would you consider other markets? For example, Clarksville, TN (outside of Fort Campbell military base) could be a great option. Let me know if you'd like to connect!

    I'd be interested in spreading out but need to start with a true BRRRR in any market. A quick look online at your market shows a lot of vacant rentals. Are you finding the market strong enough to introduce more from a newly renovated multifamily? And do you often see distressed properties to invest in? 
  • Meriden, CT · Member since 2018 · 702 posts · 501 votes
    2y

    @Brian Sparks - welcome to BiggerPockets!  Finding wholesalers is a strategy (though it doesn't generally pay off unless you get lucky).  You can do postcard programs, driving for dollars but that is a significant time investment.

    I continue to filter all properties below a certain price points in areas I wanted to own.  As of today, there is a property (281 Main Street, Cromwell, 06416) that could be good but it will need a bunch of work.  The area is good and if you got a nice renovation going, you could make money on the property.

    Reach out if you have any questions.

  • Member since 2023 · 6 posts · 2 votes
    2y
    Quote from @Samuel Eddinger:

    @Brian Sparks - welcome to BiggerPockets!  Finding wholesalers is a strategy (though it doesn't generally pay off unless you get lucky).  You can do postcard programs, driving for dollars but that is a significant time investment.

    I continue to filter all properties below a certain price points in areas I wanted to own.  As of today, there is a property (281 Main Street, Cromwell, 06416) that could be good but it will need a bunch of work.  The area is good and if you got a nice renovation going, you could make money on the property.

    Reach out if you have any questions.


     Thanks, Sam. I'll follow up with you and Janina on email. 

  • Lender · New York, NY · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Welcome to BP!

  • Devin PetersonBusiness Member
    Lender · Sarasota, FL · Member since 2022 · 2k+ posts · 667 votes
    2y
    Quote from @Brian Sparks:

    We have been buying and holding properties for 22 years, but only recently started thinking of it as a business. We bought 4 single family properties and one multifamily, all in Central Connecticut over the past year. We've recently entered a partnership to continue investments throughout CT and focus on B&H multifamily properties and small commercial properties. 

    Interested in any distressed properties meeting those criteria, especially through the central corridor of CT.


     Hi Brian! Local investor and investment focused mortgage broker in Middletown. Great to see you have an abundance of rentals in the area and are hungry to grow! There’s a bunch of local CT meetups where people meet once a month to share Deals and listings you may find helpful. Happy to connect with you and talk more strategy. I always like to meet more locals in the industry. Congrats on all your accomplishments thus far!

  • Member since 2023 · 6 posts · 2 votes
    2y

    Devin, 

    Unfortunately, we aren't local. I have a kid in college near there which is why we are investing in the area. But if you have distressed properties off market I'd be interested in solid multifamily options. 

    Brian

  • Real Estate Agent · West Hartford, CT · Member since 2016 · 449 posts · 476 votes
    2y

    Hi Brian,

    I have access to off market properties in CT. DM me and I can add you to my marketing emails. 

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