All Forum Posts by: Charles Wiegert

I don't know if any of you caught the governor's state of the state address yesterday, but he did a pretty bad job of convincing me CT will be turning around. The entire speech revolved around the budget deficit in one way, shape or form. He said that to balance the budget they will be cutting aid to Towns. We all know that translates to higher property taxes. He also mentioned education and revamping how the education system is funded. Meaning lower performing districts will receive more money and higher will receive less of a pot that he mentioned will also be diminishing. Who knows what that will do to the house markets and favorability of school districts. I also work for a Town and we recently found out that our portion of the education aid from the state will be decreased this year from what was promised and budgeted. We also just got word that the state over extended the LOCIP program which is state bond money for capitol improvements and that they are reneging on that promise also. I understand the quarrels and i get that concessions are required, but it recently came up that Connecticut is #4 for the most moved out of state and that 60% of all moves in CT are out of the state. I am seriously reconsidering buying anything else at this time but the best i can hope for is property value to be stagnant. What are your opinions on the state of our state?

The purchase price is negotiable, but likely less than what is owed so it would be a short sale. The family cant afford the payments to keep the place. Its an up/down duplex

Its not on the MLS. Its an original duplex, 2/1 upper and 1/1 lower.

I know this is not the market place, but I have a friend whose father recently passed. It is likely to be a short sale. it is in the 300 section of Stanley Street. 

If anyone is interested I would be happy to assist with more information I just would like to be involved in the conversations and negotiations if it is a deal to further my education in REI. If intrigued, message me.

I review quite a few of these in my capacity as Town Engineer where i work. It sounds like the work youll be doing is within the 100ft setback area and not the wetlands. Typically in my town, what you've described is low to no real wetland impact. You would likely need to provide a print showing whats proposed and where the wetlands are, for the record of the work, and possibly attain a wetlands permit. It may be something that could be done administratively depending on the position of the commission (assuming there is one) and the authority given to the enforcement officer. Youll definitely be needing to talk to your planning and zoning group also if that differs from the wetlands folks. Take a trip down to city/town hall and meet the folks. We are there to help you, most municipal workers are quite nice and pleasant to deal with.

You should probably try something like: Dear Santa, I am sorry to see that you recently had to evict one of your tenants. As a person whom has been investing in real estate for XX years, i can sympathize the misfortune. I have been fortunate enough to help other landlords in similar situations to start fresh. There are a team of great investors that put deals together like this everyday. I would be interested to talk to you to see if there was a way we could work together that can benefit us equally. Thank you, Easter Bunny I would make it longer, what you really want to do is sympathize with your target audience so deeply that you are in their shoes. Then write your letter in such a fashion that you in their shoes would be elated to open up and read. That is where you will find your beat success in any marketing campaign.

You should also check that the zoning allows for commercial use.

https://en.m.wikipedia.org/wiki/List_of_assets_owned_by_Berkshire_Hathaway

Anything is possible. Whether it is economically feasible is a whole different animal. The very least you would need is to have a local engineer evaluate what the geological survey says.

I was wondering if some of you wouldnt mind including their language in the lease regarding automatically adjusting to M2M at a different rate after lease expiration.