All Forum Posts by: James McCard

I think most will tell you indefinitely although it may be something that you can figure out for yourself - there is a school of thought that says what are the odds that a place will need a roof and another unit will be empty etc all at the same time?  

@Chad Fagan how did the deal go in Simsbury?

Great to hear there are like minded investors in the area. Talk soon!

I have never heard of Dorset Crossing, although I do know where it is. They are developing in an area that used to be tobacco farms. Nice area just outside the "center" of town. It is not in a bad area. In fact I would say it is a nice area. It is well enough to do that I am not sure there is a huge market but I am betting it will do well. If you don't mind would you PM me the REIT? I might like to invest.

I cannot say that I am that old - only 30 but I have grey in my beard already. Good luck and interesting read. 

Welcome - glad to hear that investors are making it work in CT. If you ever need any assistance just let me know. 

Welcome I am glad to see other investors from CT on here. I hope you find what you are looking for - if I can be of any assistance just ask!

I think it ebbs and flows - in my market a well priced multifamily was under contract in just under a week. I think the worse the storm is the more I will buy. 

I am familiar with the area. I was born and raised a few towns over. What would you like to know in general? Simsbury is definitely a nice area - although there are some areas that aren't poor just perhaps not as nice as the rest of town. 

I am a big guy for paying down debt - however if you don't want to do that you can stick the money in a Netspend or Brinks savings account they pay 5% interest on the first 1000 dollars in them and in total you can have 6 accounts. So that is a solution for 6k the rest you could invest in a index fund as some other people suggested!

I have my emergency fund set up in a Netspend account - it works really well. If that interests you I can send you a link that gets us both 20 bucks for free!