All Forum Posts by: Kyle Campbell

@Robert Lindsley Jerry Smith at Chinago Leone Maruzo in norwich. 860-889-8900

@Ryan Morrissey DM me

@Jason Calouro I think the answer to both parts of your question is “it depends”. If the numbers work, pull the trigger. Taxes are just an expense like any other. If the condition, and rents cover expenses with an acceptable return on your investment, it doesn’t really matter if the taxes are 2500 or 6500. Same with unit count. A 3 unit of 1 bed apartment will gross the same as a duplex with 3 or 4 bed units. I wouldn’t get hung up on the tax amount or the unit count as an end all be all for your search criteria. Every property is different. Welcome to the wild world of norwich real estate investing. Screen ‘em well and you’ll do fine.

Byrnes Agency. Ask for Erica Williams

Did you look at 320 laurel hill ave?

Nice job James, good to see there’s investing in norwich. That’ll be a great one for you, especially if the plaza across the street gets redeveloped. Good luck with it. 

Hey guys, in my experience norwich makes for a good place to invest in buy and hold. Not as great of a place for flips. There’s a lot of single family properties on the market which makes selling a flip more difficult. But as far as rental properties go, the values are starting to come up over the past couple of years, so the really good deals are getting more rare, but there are still some deals to be had. The rental market has been strong for me, and I’ve haven’t had any problems finding tenants. There are 3 different section 8 agencies here which help filling units as well. I focus on duplexes, which are all 3-4 bed units. My 3’s go for 1000-1200 and my 4’s go for 1200-1400. Anyway, if you’re looking for an inexpensive place to invest norwich may be worth looking into. I’m also an agent with IMT Realty in Groton, if you need any further assistance. Good luck guys. -Kyle

Hey Jeff dm me for my contact info. Happy to help you. I’ve been investing in norwich for around 10 years. -Kyle

IMO, stay close to home on your first deal. There are opportunities to be had in new London county that have lower priced entry points than other parts of the state and surrounding states. Like you said, we have EB, two casinos and plenty of people looking for apartments to rent. Finding a deal that cash flows and has value add potential by us is pretty easy. But then again it may depend on what kind of property size you’re looking to start with, if you’re looking for something bigger (6-10 units or more under one roof) that can be tough to find in nl county. Good luck, feel free to reach out if you need anything. Kyle Campbell IMT Realty

Reese, I would recommend a few things. First, keep reading on bigger pockets as there’s a lot of great free information on here. Second, look into getting your real estate license. Holding a license isn’t necessary for investing but for me it helped to learn my local market inside and out. Third, if you or your family or friends know contractor, tradesman or even a realtor who would be willing to take on an apprentice, even if it’s part time, I’d do it. I would learn all you can about how homes work and are put together. (Even if you start as a low pay demo guy). I say this because most likely starting out at a young age you’re going to be looking to enter the market at an affordable price point. And that affordable price point will most likely mean a home that needs work. The more you know how to do, and the more you understand how houses work, the more you’ll be able to analyze what potential deals need for repairs and what it will cost. The more skills you can acquire at a young age, the more value you’ll bring to the table, and more doors will open. Just my two cents, it worked for me. Good luck.