Newbie from New Haven, CT working in Shelton/Stratford, CT

Newbie from New Haven, CT working in Shelton/Stratford, CT

Rental Property Investor · West Haven, CT · Member since 2017 · 23 posts · 17 votes

Hi All!

My name is Jack Bailin, and I'm fresh out of college settling in to my first "big boy job" down in Shelton, CT. I live in New Haven, and I'm already making diligent efforts to live as frugally as possible in order to build a bit of savings and get started on my real estate investing journey. 

My current 1 year plan is this: Use the savings I accrue over the next ~6 months from my Software Engineering position to make a down payment on a 2-4 unit multi family property within a 15 mile radius of my workplace (Shelton, CT), and house hack it! I feel like this will give me a good introduction to the world of real estate investing and landlording, and allow me to cut out a big chunk of my living expense (rent) in order to have more capitol to invest in future endeavors.

Being a total newbie, I'm sure I'll need some time to find my niche and see what I enjoy. I plan on trying everything I can; buy and hold, flipping, using the BRRRR strategy, etc. until I find what works best for my long term goals.

I'm 26 years old now, and I am going to become financially free before I'm 35 through real estate, no matter what it takes. That being said, I'll need to start making connections with like minded investors in the New Haven, CT area, as well as realtors, contractors, wholesalers, etc.

Sorry for the word vomit, I'm very excited to get started and I look forward to meeting some motivated investors in my area!

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New Haven, CT · Member since 2017 · 7 posts · 2 votes
9y
Welcome to the area and to BP! Seems like we are pretty similar positions. I'm 26, living in New Haven, and just getting started in real estate. I've got one deal I'm in the process of making an offer on up in Meriden and hopefully it will be the first of many!
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  • Michael S.Pro Member
    Biggerpockets Support · Las Pinas, Metro Manila · Member since 2015 · 7k+ posts · 1k+ votes
    9y

    That's a great plan to start Jack and all the best in your investing 

    BiggerPockets
  • Real Estate Agent · Westboro, MA · Member since 2016 · 1k+ posts · 471 votes
    9y

    @Jack Bailin

    Great plan, now execute! The house hack is a perfect first option

  • Real Estate Agent · Southington, CT · Member since 2008 · 5k+ posts · 3k+ votes
    9y

    @Jack Bailin Welcome to BP. Always great to see other active members on the forum from the local CT area. 

    I like that you have a plan to not only invest, but a path and a lifestyle you plan on living to achieve your goals. 

    Feel free to reach out as you get started with any questions about the local area or REI in general.

  • Rental Property Investor · West Haven, CT · Member since 2017 · 23 posts · 17 votes
    9y
    Michael Noto Thanks so much! I'll definitely be in touch as I start to build somewhat of a savings and begin searching for a property to house hack.
  • Real Estate Agent · Southington, CT · Member since 2008 · 5k+ posts · 3k+ votes
    9y

    Sounds good @Jack Bailin  

    Looking forward to connecting. 

  • Contractor · Los Angeles, CA · Member since 2015 · 887 posts · 323 votes
    9y
    Jack Bailin welcome to BP and all the best to you in accomplishing your goals. Best, Jorge
  • New Haven, CT · Member since 2017 · 7 posts · 2 votes
    9y
    Welcome to the area and to BP! Seems like we are pretty similar positions. I'm 26, living in New Haven, and just getting started in real estate. I've got one deal I'm in the process of making an offer on up in Meriden and hopefully it will be the first of many!
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