Fairfield County, CT · Member since 2019 · 4 posts · 4 votes
Hi all! I'm a little over a month in to real estate investing and looking to buy my first home. My first goal is house hack and buy a duplex or triplex to live in while renting out the other units. I'm currently paying $1,600 a month for an apartment and it has to stop! I've been on these MLS sites for the past month and I have to say, it's a little overwhelming looking through thousands of houses for sale. Anyone in the FC area??
Real Estate Agent · Southington, CT · Member since 2008 · 5k+ posts · 3k+ votes
7y
@Paul David Welcome to BP! Always good seeing others from CT active on the forums. Where in Fairfield County are you thinking of looking? By the way, it is overwhelming starting to look at first for a home, everyone goes through it. Eventually things will start to slow down and make a lot more sense the more you learn about what you want and don’t want.
@Paul David Welcome to BP! Always good seeing others from CT active on the forums. Where in Fairfield County are you thinking of looking? By the way, it is overwhelming starting to look at first for a home, everyone goes through it. Eventually things will start to slow down and make a lot more sense the more you learn about what you want and don’t want.
Thanks Michael. I'll be looking ideally in and around the Danbury area.
Rental Property Investor · New York, NY · Member since 2014 · 19 posts · 10 votes
7y
@Paul David I've been looking in that area of Fairfield County lately as well. I've seen some MF in the $300-400k range pop up in Danbury, but they're not in the nicest of areas. An interesting strategy to start out might be to find a house between $300-400k in Danbury that has an in-law suite. You can get the advantaged owner-occupied financing, rent out the in-law suite, and look to move out onto the next property in a year or two. Your payment after income should be below $1600 and you get the benefit of ownership. Thoughts?
PS I have an agent very active in Dabury if you're interested.