All Forum Posts by: Mark A.

It depends on your market. You have to know the market! If you don't know which SF is good or whether you're getting a good deal aka making money when you're going in, I would suggest contacting an agent and having them get a quick and cheap place to rent. Preferably on a short term rental and not binding to 1 year. Take your time to scour the area. Understand the neighborhoods. Become the expert in your market. You don't want to pull a decision hastily and then regret it because it ended up to be a complete mistake.

The more experiences you can gain the better. If you have time and no obligations such as family and kids I wouldn't see any reason not to. It will only help. But then again it depends on your goals

@Pierre Streat if you're already in contract then I would ride the boat and adjust the sails. 

Remember that successful people don't make the right decisions, they make their decisions right. 

Which part of Connecticut are you in?

I'm from New York too! You'll have a great time here I can guarantee you that

I would be hesitant to get into something with low returns. Especially since from what you're writing that the ROI will be even lower. Perhaps there is a way to increase rent by value adding in certain amenities? Anyway to buy at an even lower price?

@Chris Puglisi You should check the town's records of the basement and check the permits on it.

You can also include the Seller to have one of the units vacant as one of the demands prior to closing the deal. That way you won't have to deal with it yourself.

@Michael Fundaro I lost a bid war on the Lancaster one. It was right near blue back as well.

It looks like we're in the same market! Your first buy? 

Originally posted by @Michael Fundaro:

Hi @Rick Santos

Nice to see another new member in the area.  I'm currently living in New Britain, about to close on my first duplex with my girlfriend in West Hartford.  There's an unofficial meetup in Rocky Hill that I attend.  Send me a message with your email and I'll get you added to the email list.

Mike

 Which duplex? Don't tell me it's the one on Lancaster that went on a couple weeks ago.... 

Hey guys!

I've been lurking for the longest time and have finally pulled the trigger and get serious after I listened to about 70 of the BP podcasts and reading the Millionaire Real Estate Investor.

I'm a serial entrepreneur and have several businesses in my belt. I've finally decided to get into Real Estate after relocating from New York City to West Hartfort Connecticut and realizing that the prices were a hell of a lot cheaper.

My ultimate goal is to create an empire of multi-family investments to create another source of income.

I'm looking forward to building great relationships and talking to most of you on here!