Investor · Member since 2019 · 38 posts · 14 votes
6y
Probably goes without saying but make sure you get a good deal. Otherwise it will be hard to cash flow due to the higher prices and taxes. Any cities specifically you're looking to invest in?
Investor · Member since 2019 · 38 posts · 14 votes
6y
Probably goes without saying but make sure you get a good deal. Otherwise it will be hard to cash flow due to the higher prices and taxes. Any cities specifically you're looking to invest in?
Investor · Member since 2019 · 38 posts · 14 votes
6y
Those are good areas as you'll see lower property taxes than you will in lower FfC. I don't much about renting in the Bethel area, but in Danbury if you screen your tenants thoroughly you should be able to do well!
Investor · Member since 2019 · 38 posts · 14 votes
6y
@Sri
@Sri Popuri I'd say your question is a little broad. Fairfield County and especially high rental cities like Danbury and Bridgeport (my current market) have micro markets. So it's not possible to answer you're question definitely. I will say I find in Bridgeport not all properties quite meet the 1% rule due to higher purchase prices and property taxes for MFH. However that doesn't mean they don't cash flow well. Take the time to become an expert in your market and you'll have certain success!
Real Estate Agent · Bethel, CT · Member since 2018 · 17 posts · 8 votes
6y
Hey @Sri Popuri, I'd be happy to talk with you about investment opportunities in the Danbury and Bethel area. I'm an investor, agent, and Bethel resident, let me know if you want to grab a beer!
Rental Property Investor · Danbury, CT · Member since 2016 · 25 posts · 24 votes
6y
I started investing in Danbury in 2018 and it's gone well so far. There's definitely rental demand, but like others said, you have to understand the micro markets and do proper screening for your tenants.