What are you thoughts about Waterbury. The small town

Question

Hello fellow Investor,

I would like to ask if you think that Waterbury is still a good place to invest. The city is now raising taxes.

Hamlet

Hamlet J. · Answer

Hi @Samuel Eddinger,

Thank you for your feel back. But I think that there is a lot of potential in Waterbury.

Samuel Eddinger · Answer

I think there are exceptions to ever rule, but I do not invest in D class towns. Tenants are harder on the properties and you have much higher vacancy and bad debt that should be included. If you level load it to another area, you might get a true CAP rate that is maybe 1% above better areas but is it worth the time and effort for an extra $1000 or $2000 a year.

I own and manage a property management company in CT and I will not manage in any D class areas - Hartford, Waterbury, Bridgeport

I'd be happy to have a conversation if interested. DM me.

I own and manage a property management company in CT and I will not manage in any D class areas - Hartford, Waterbury, Bridgeport

I'd be happy to have a conversation if interested. DM me.

What are you thoughts about Waterbury. The small town

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