My partner and I are starting a real estate investment company around the area of Torrington, Connecticut. I have $50,000 cash and excellent credit. We are looking for a total rehab property that we can buy with cash and then get a personal loan to fix it up so we can do a refinance, We'd then like to use the equity to buy another property. My partner does construction and I am a real estate paralegal and bookkeeper. Any advice would be helpful.
hi I am a real estate agent based in Torrington and I live in Watertown I work with investors regularly finding them houses to flip or buy and hold. I also am a real estate investor as well. Are you looking to buy multi families or single families or not sure yet?
I saw a house in Torrington for $55,000 that looks like a great place to start for a newbie investor. It looks to be halfway completed and just needs to be finished. I'll post the Zillow link below.
73 Berry St
Torrington, CT 06790
See what I found on #Zillow!
Welcome to BP @Linda Marois
Always great seeing other CT investors on the forums.
Welcome to Bigger Pockets. You'll obtain an incredible amount of information on this site which will prove to be invaluable in your real estate investing. Listen to the podcast, read the blogs and attend the webinars to gain as much knowledge as you can.
I'm from Northwest, CT and invest in Litchfield County. My partner and I will be closing (selling) our 1st flip next Fri. and our Buy and Hold will close the following Fri. We didn't intend to sell the Buy and Hold but it made good financial sense for us at this time.
I wish you well in your investing career. Please feel free to reach out to me.
Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com
Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook
Hey I am also new here. I reached out to a friend who checked into this place for me - The deal won't work for me currently as they need the cash out and can't do seller financing. It will need a roof shortly and also needs some plumbing but it looks like it is within your price range.
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