All Forum Posts by: Jeff Piscioniere

Hello BP community!

Just wondering what local CT investors are seeing in the buy and hold market? I have a 2 family in Torrington that’s had stable renters during the pandemic and has actually appreciated over the past 2 years which is rare in CT. Where is everyone seeing this market go and do you think it’s a good market to be looking for buy-and-hold rentals? What parts of the state do you see the best prospect for either future growth or overall rental stability?

Thank you in advance!

@Jon Schwartz holy cow! What an incredible app!!!

@Damon Gainey my cabin in Gatlinburg is valued 50% higher since I bought in 2016! So I think prices have appreciated enormously.

@Kunal Mishra where I live in CT, people are crazy to bet on appreciation as the cost of living is ridiculous and smart people who can are moving out so property values are stagnant. Therefore you have to shop in less expensive blue collar markets where cashflow is good, ex Torrington.

@Todd Atkinson Chattanooga is a great city! Sounds like some of these uppity up Californians would consider then “crappy” properties though. 🙄

@Ebi Amiri in summary, I guess you haven’t been reading up on TN.

@Jon Schwartz with a massive geography and literally being the majority of the west coast, naturally the California economy is important to the nation as a whole. But California is diverse and I’d love to see a breakdown of your stats itemized by the big cities/industrial centers vs the rural blue collar areas. Like is the case with so many things, the big cities are the tails that wag the dog whether intended or unintended.

As for my state, CT is dying. Horrible economy, high taxes and regulations, landlord unfriendly, and almost completely the blame of the politicians and their ideologies. Lots of us have an exit strategy.

@Bonnie Low I have a wildly successful vacation rental in Gatlinburg. I’ve spoken with many people who have had success in some of TN’s smaller cities and Nashville is super hot, maybe almost too hot. I’ve personally done some research on turnkey buy and hold rentals in and around Memphis that cashflow well. Outstanding cost of living in the state.

@Bonnie Low East TN in the mountains. Rains a lot but unless you buy in a river basin no issues. TN is a huge state. I find it hard to believe FEMA maps would make you write off an entire state.....?

@David Bell I don’t blame anyone for moving out of places like California or the higher priced and higher populated states on the east coast as long as they don’t move to those lower priced states and vote for the same policies that ruined the states they are fleeing from.