All Forum Posts by: Christian C.

Whichever market you ultimately choose, make sure you understand in which part of the "real estate cycle" that market is currently in.  Is it up and coming (appreciating in value), stabilizing (a matured market) or currently declining?  Every market has what's called a "master plan" which you can probably get a pdf file just by googling the "markets name" and "master plan" together.  Once you understand whats being proposed by the local government for the area, then you can make an informed decision on whether or not you want to invest there.

I'd also look to acquire property for about half of your budget and pick a property you can successfully reposition.  Also, you're mentioning of moving to the property, which makes me feel that you're not taking into consideration you can have an experienced property management company help you be successful.  Look for property management companies that have a track record of repositioning apartment complexes successfully.  Ask for proof.  If you can purchase  a multi unit residence with an occupancy rate of 75% or less (as an example) and reposition the property by removing problem tenants and replacing them with quality tenants,  upgrading the property strategically, increase the occupancy rate to 95% and increase the rents to fair market value or better, then you have a gold mine!  If you maintain solid financial statements, you will be able to sell that property in the future a lot higher because you technically increased its value (regardless of the market) because of the increase of its Net Operating Income.  Investing in multi families is one thing, but repositioning properties is where the real money is truly made.  Good luck! 

Hello, everyone. I'd like to know if anyone knows of any experienced real estate attorney and or title companies that are experienced in dealing with "assignment of contract" or "double closing" deals in the CT. If you've directly worked with and closed a wholesale deal in CT and found anyone who you would like to refer, please let me know. Any help with this will be greatly appreciated. 

The title of my last post seemed as if I was offering a service so I reposted.

Hello, everyone. I'd like to know if anyone knows of any experienced real estate attorney and or title companies that are experienced in dealing with assignment of contracts or double closing deals in the CT.  If you've directly worked with and closed a wholesale deal in CT and found anyone who you would like to refer, please let me know.  Any help with this will be greatly appreciated.