All Forum Posts by: Jonathan Makovsky

Thanks @Scott Trench!

Welcome @Oz Pariser!

Agree with most of the above and will add: 

Every market and situation is different, and just because an investment strategy works in one market and for one person, it may or may not work in another market or situation.

 I agree with the above advice and would add that people want to be affiliated with experts. So if you are an agent and want to flip in your area then become the best agent in your area; know every street, every house, every price increase/decrease, trend, every business that's moving in/out, etc. If you know these things you will not only do very well as an agent but you will be able to pounce on flip deals and rentals when you see them. (The money will shortly follow with your experience.)

Hi Josh, really tough to say without knowing the ins-and-outs of the deal. For example:

• How much rehab needs to be done? If it needs carpet and paint and you can have the place looking great in two weeks then a four month timeframe may work. If the rehab will take three or more months then getting your cash out in four months is unlikely.
• What town is it in? Some towns in Fairfield County can sit for a while, and some can move quickly.
• What entry point are you in the market? First/starter homes in towns within Fairfield County seem to be trading nicely in many areas, however, second homes are sitting longer. 
• How aggressively are you pricing the deal on your resale? If you are a few points below market that will quicken your timeline, however, if you're at market value or aiming to sell at a slight premium you might be sitting longer.

Every market - even within one county can be wildly different - so YMMV and it's important to take the micro market into account.

@Mercedes Ridenhour @Eric Lindquist @Melissa Gittens

Be careful and do your full due diligence before investing in Hamden for college rentals (and you can possibly say the same about New Britain). 

Hamden has been putting - what some have called discriminatory restrictions - on renting to college students and the legislation continues to be more restrictive. Below is a quote from an NBC Connecticut article within the past two weeks further restricting to college students:

Full article here: http://www.nbcconnecticut.com/news/local/Hamden-La...

The town of New Britain is also trying to crack down on off-campus student rentals by limiting the number of students and also paying a permit fee. Here is the article from the New Britain Herald in the summer, and it appears to be a constant battle with the local residents: http://www.centralctcommunications.com/newbritainh...

Welcome Matt! Great to have you on board.

Welcome @Selina Rifkin!

Welcome @Jaime Croskey!

Hi @Christopher Collins I will PM you a name.