All Forum Posts by: Jacqueline Carrington

@Rick Bassett I could see how that comes into play. I also felt that that there is a large student population with Yale, SCSU, Quinnipiac, Univ of New Haven and Albertus Magnus all in  and around the immediate area of New Haven. 

What I've notice as a new-ish resident of New Haven (and not originally being from here), that there is not a lot currently in the city to attract permanent, working young professionals/families like myself. 

As an investor, do you see it changing?

@Vin Framularo if you are free tonight, we are hosting the 1st New Haven Real Estate Investors meetup in downtown New Haven at Geronimo's (271 Crown St) from 7 to 9pm; introductions start at 730pm.

New Haven, CT has had the lowest renter vacancy rate in the nation for a few years now. Currently around 2-2.1%. Here is a great article (and most recent I've found) from Yale News discussing the state of the marketplace and the issues the city is facing.

http://yaledailynews.com/blog/2015/10/15/elm-city-...

It seems like a great opportunity for investors to not only get multi-family units, but to focus on the low and middle-class family earners as renters. Due to the low vacancy rate, rents are already higher, which is a plus for investors. But if investors can offer decent, fair living conditions based on the areas/class of neighborhood, it seems like the problem can be turned around without the need for big corporation buildings and constructions. 

Any local Greater New Haven area investors or real estate professionals have any thoughts? For those outside of the this area or out of state, what thoughts do you have about the subject having fresh eyes and not directly in the New Haven market?

@Melissa Gittens wow! If the seller isn't willing to come down on the deal are you willing or prepared to say no and walk?

@Benjamin Dilg welcome to Bigger Pockets and for taking action of telling others your dream and finding people to help you achieve it! Working with friends can be great but could also be a big headache. Make sure although they are close friends, that you trust them with your financial life as this is a business and will need to make money to survive. Establish clear goals and parameters of each person's value and expectations in the partnership.

Can't wait to hear about your success in getting your 1st property together!

Hello from New England and welcome to BP! Congrats on building your real estate portfolio! 

@Richard Kerski awesome, thank you. And looking forward to receiving the packet!

I think of it simply. I am 28 years old and put money into a 401k with match while working. I'd rather withdraw from my 401k and get taxed and use the money to buy property. I will make more money and cash flow in real estate than letting it sit and in my 401k.

Also, I did not forget the big "wipe the wealth" aka "great recession". No thanks!

FINAL REMINDER! We will be hosting the New Haven Real Estate Investors (NHREI) meet up on Thursday, January 7 from 7 to 9pm at Geronimo's in downtown New Haven! Looking forward to meeting and connecting with you all. I am hoping for a great turnout with all of you and look forward to networking together.

Don't forget to bring a friend or colleague if you'd like!

Keywords: Connecticut, CT, New Haven, East Haven, West Haven, North Haven, Hamden, Meriden, Southington, Shelton, Derby, Ansonia, Branford, North Branford, Guilford, Cheshire, Milford, Stratford, Hamden, New Haven County, Waterbury, Madison, Naugatuck, Orange, Wallingford, Woodbridge, Oxford, Prospect, Southbury, Seymour, Middlebury, Wolcott, Bethany, Beacon Falls

Can't wait to meet and network with you all.

Welcome to Bigger Pockets! And yes, as @Rick Santasiere said, you WILL be a successful real estate investor. Speak as if it is already done.