Newbie to BP - from CT

15 Replies

Hi everyone! My name is Sean and I’m from Southeastern CT. Currently looking to get into real estate rentals with my wife in our area. We own our primary residence, but are looking to take on some assets in order to make our money work for us and provide a supplementary income. 

I’m currently a mechanical engineer. We are looking from single family to multi family home to purchase for rentals. Any and all advice is welcome for how to navigate rentals in CT. BP podcasts have been super encouraging and beyond helpful. Looking forward to becoming a contributing member of BP

@Sean Maginess welcome to BP and great to see more folks in CT looking to build wealth/create passive income.  Feel free to reach out any time.  We are closing on 12 units in Norwich in a few weeks, and cover most of the state. Would be happy to share some experiences.

Welcome to BP @Sean Maginess! Start with your budget, target market and min cash flow per unit. I'm looking to house hack 3-4 units multifamily in Stamford - Norwalk and buy with FHA 3.5% down payment loan for starters. Let me know if you have any questions, it is always great to talk to like-minded folks.

Hey @Sean Maginess - nice to meet you welcome to the community. Admittedly I've been more of a lurker than a poster but I've learned so much from the site/podcast. Feel free to reach out w any questions. I'm still new but own 3 multis and have done new renos. Happy to share some of my new guy mistakes & successes!

@Sean Maginess

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