All Forum Posts by: Craig Bellot

Hey @Jessica Zoccali, the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport CT. Connecticut in general is in a sellers market. You will need to be creative in negotiating to get the price / terms you need.

You can use the Bigger Pockets calculators to start. Right now rents are strong, you can get $800 for a 1 bed, $1100 for 2 bed, and up to $1300 for a 3 bedroom. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person by contacting the listing agent.

Let me know if you have any questions.

-Craig

Hi @Jarrett Chouinard, 

There are tons of deals on the MLS in Connecticut where we invest.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Shoot me a message if you have any questions. 

Congratulation and good luck! 

-Craig

Hey @Khalid Ellis the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person.

Let me know if you have any questions.

-Craig

Hey @Joas Espinoza, 

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person.

Let me know if you have any questions.

-Craig

Hi @Sept Jones, 

Before I purchase a property, I always do my due diligence.  One of the first steps I take is to search address in Trulia, look at the crime map, and ensure the property is not in a high crime area(Dark blue).

There are tons of deals on the MLS in Connecticut where we invest.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

I hope this helps. Let me know if you have any questions.

-Craig

Hi @Tracy Opoku,

If your long-term goal is to invest in more properties it is worth it to invest in a solid property manager. Your time as an investor is infinitely better spent analyzing markets and deals.

You want to move up the 80/20 leverage curve from technician to investor/entrepreneur.
In Bridgeport, CT the investment is about 10% of rents collected. This frees you up from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments to focus on higher leverage activities.

Shoot me a message anytime if you have any questions. 

- Craig

Hey @Eric Garces, the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person.

Let me know if you have any questions.

-Craig

Hi @Arian Hoxha,

Welcome to to BP! 

As you scale, here's a though to ponder - Your time as an investor is infinitely better spent analyzing markets and deals.You want to move up the 80/20 leverage curve from technician to investor/entrepreneur.

In Bridgeport, CT the investment is about 10% of rents collected. This frees you up from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments to focus on higher leverage activities.

Let me know if you have questions and I'll be glad to share more insights.

-Craig

Hi @Jarrett Neddow,

Welcome to the community and congratulations on venturing to real estate! 

There are tons of deals on the MLS in Connecticut where we invest.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Hit me up if you have any questions or if there's anything I can help you with. 

-Craig

Thanks Filipe, @Mardochee Augustin Bridgeport is a great city both for wholesaling and buy and holds / flips.

40 min from NYC with much lower cost of entry than NYC.  Because of the pandemic we've seen a mass exodus from NYC to Bridgeport, CT and surrounding areas causing considerable price appreciation. 

I personally invest in Bridgeport and still currently looking for deals.
The BRRRR strategy can work well here, since people are looking for newly renovated apartments to set them apart from the many dilapidated ones on the market.

I believe the key is to act quickly, know your numbers and your buying criteria. Get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are.

If these meet your investment criteria then start looking in person.

If you know you want multi-families with 9 bed 3 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Let me know if you have any questions, and good luck!