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All Forum Posts by: Rob Brautigam

Rob Brautigam has started 4 posts and replied 106 times.

Post: Visiting Properties When Starting Out?

Rob BrautigamPosted
  • Engineer, Investor, Entrepreneur
  • Newtown, CT
  • Posts 111
  • Votes 37

Welcome from Central Connecticut, @Claudio Golia.

Definitely not a downside to driving around and looking at properties. Although, be sure to have a purpose when you're out there. What are you looking for specifically? Single vs. Multifamily? Price Range? Number of beds/baths, acreage, sufficient room for parking, quality of neighborhood, signs of construction in surrounding area, and many more factors.

Something I have enjoyed doing while starting out, is rather than driving around to every house on the MLS...take a quick look at the property on Google Street View and run hypothetical numbers on the projected performance of the investment. Once you get good at this, you can probably bang out 20 calcs in the time it would take you to go drive and check out one property.

Post: Investor Friendly Agents

Rob BrautigamPosted
  • Engineer, Investor, Entrepreneur
  • Newtown, CT
  • Posts 111
  • Votes 37

Thanks for the prompt responses guys, I will take a look into some of those contacts.

Post: Investor Friendly Agents

Rob BrautigamPosted
  • Engineer, Investor, Entrepreneur
  • Newtown, CT
  • Posts 111
  • Votes 37

Same question but for Middletown, Connecticut!

Post: Feeling overwhelmed... how do I choose an area or location to invest?

Rob BrautigamPosted
  • Engineer, Investor, Entrepreneur
  • Newtown, CT
  • Posts 111
  • Votes 37
Originally posted by @Paul Timmins:

Steve

Many good areas. Check the Worcester and Springfield areas a number of colleges student housing rentals can have huge returns if managed properly.

TO find out about an area go to IREM.org search for ARM certified property managers. Call 5 ask them what parts of the city they like/dislike and why. Ask them what they see expenses running per category per unit. What do they see them selling for per unit, what is the market occupancy rate. What are the market rents? Ask them if they know anything coming up for sale. Great way to pick up some good info and possibly a deal.

Paul

Paul, just reading this post now, and I'm interested in your statement about IREM.org. I visited the site but could not figure out how to search for ARM certified property managers. Could you please elaborate?

Post: Rental proximity to schools and other landmarks

Rob BrautigamPosted
  • Engineer, Investor, Entrepreneur
  • Newtown, CT
  • Posts 111
  • Votes 37

Okay, thank you Rolanda and Eric for your responses. I guess it does kind of depend on the buyer/renter's personal situation. I personally wouldn't want to live near a fire station (sirens), but hey I guess some people may like that...

Post: Rental proximity to schools and other landmarks

Rob BrautigamPosted
  • Engineer, Investor, Entrepreneur
  • Newtown, CT
  • Posts 111
  • Votes 37

I am currently looking at a multifamily unit within a 1/4 mile of an elementary school. I'm wondering if the proximity to schools would tend to have a positive/negative effect on sale/rent prices.

While we are on the subject, are there any other structures (e.g., cemetery, open space/forest, police station, Walmart vs. Whole Foods, etc.) that would have definite pluses/minuses in the perceived value of real estate? I feel like this would be a question aimed at more experienced investors who have bought/sold several properties.