Looking to get started in CT

[Nicholas Pisanelli]

Hey everyone,

I am new to the real estate game and have been interested in investing over the past few months. I definitely would like to get to know what everyone thinks about our market and hoping to get started in the Middletown/Meriden area.

Any input or guidance would be appreciated!

[Filipe Pereira]

Hi @Nicholas Pisanelli, welcome to biggerpockets. Middletown, CT has some really desirable rental areas and can cashflow nicely. Meriden is OK, but overall not as nice as Middletown. 

Being in that area you have a decent shot at finding something in one of the neighboring towns as well. Bristol and New Britain are of course two big rental markets as well.

As far as thoughts on the market - Connecticut, like many other states is experiencing some forced appreciation right now due to what I call the "covid market". Lots of demand, little supply. Three or four years ago you could buy a decent 3 family for 180-200K. That same property now is 250K +. 

Good luck and please use me as a resource should you have any questions! Just tag me in your response.