All Forum Posts by: Asim Sheikh

@Ryan Deasy - thanks for the advice!  Let’s connect at some point tomorrow if you have a few minutes.  

@Jaysen Medhurst - thanks for the feedback!  I lived in South Windsor for 15 years, and Shelton for about 5 years. Most of our circle of friends moved out while we lived there, and I noticed that many of my co-workers also moved to other parts of the country. That combined with companies moving out of the Hartford area and other parts of the state (GE in Fairfield), along with the migration data showing a net migration out, would make anyone nervous. Being the "land of steady habits", the political picture hasn't changed much over the years, most companies do not look to CT as a place to do business, and there aren't any recreational activities in most parts of the state. All of this being said, just curious as to why you think that it's still a good place to invest?  The numbers (cash flow) may look good, but if the property sits vacant for long periods of time, that wouldn't really make a difference.

For those that still invest in Connecticut, which towns are best for rental investment income?  I have heard of some ideas in speaking with several realtors, but since they have something to sell, I wanted to get the perspective of this community.  Thanks in advance for your time!

@Kerry Baird - thanks for the advice!

@Jerry Lucker, @Bob Daniels - thank you both for the advice!

Found a couple of good articles on the topic at the Bigger Pockets site:

https://www.biggerpockets.com/blog/pros-investing-military-bases



https://www.biggerpockets.com/blog/cons-investing-military-bases

OK, so, I have to admit that I have ZERO experience with renting out properties near military bases, and as a matter of fact, am fairly new to the entire rental investing arena.  Does anyone have any experience with renting out single family homes near military bases?  If so, what are some pros and cons to such a deal?  One thing I can think of is that there will always be a steady stream of paying customers, but then again, not sure how long they would stay, and what the vacancy rates may be in such areas.

Thoughts?

@Dave Foster - thanks, and so, I take it that you are not a fan of home equity loans?  I haven't tried either, and can certainly read up on the difference, but wanted your perspective.

@India Spivey - Thanks for reaching out! As stated above, the MLS hasn't yielded any good deals at all, and I firmly believe that it has to do with market conditions, and a loosening of lending regulations, to a certain extent, although not as bad as pre-2008. That combined with low interest rates, low down payments, and every potential investor wanting a piece of the pie, makes big cities a hard market for new investors. Thoughts?

@Michael Doherty - thanks for the advice!  Do you have a number where you can be reached today, as I have several additional questions based upon your great commentary above?  Thanks again!