Rental Property Investor · Portland, OR · Member since 2018 · 11 posts · 4 votes
Hey everyone,
My name is Jon and I'm a new investor located in central CT. I plan to start travel nursing next summer, but before then I would like to purchase a college rental near Sacred Heart University (I'm an alumni from there, very familiar with the area). I don't want to wait a few years to buy my first rental once I finish traveling. With that, I have been looking at properties in the north end of Bridgeport to rent out to college students. What I would like to gain from this post is to build a strong relationship with a REA that is familiar with the SHU area. Someone who can also help me build a team. Any help is appreciated, thanks in advance!
Hey Jonathan the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.
You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.
If these meet your investment criteria then start looking in person. @Christopher Reid does a lot of work in this area. Contact him to get on and off-market listings.
Thanks for the input, I appreciate it. I'm currently in the process of looking at a property and I am using the BP rental property analysis calculator to figure out the numbers. I just need to get into contact with a REA to get some reliable comps so the numbers can be as accurate as possible. I will also take your suggestion and contact Chris Reid.