All Forum Posts by: Michael Kusy

Hi Miguel - have you looked into CT? There are a lot of great towns outside of Hartford, CT where single family rentals can be a very lucrative investment. A lot of higher level professionals live west of the city in towns like Farmington, Avon, Simsbury and West Hartford. It all depends on your price point and what you're looking for in your next investment, but Connecticut has a lot to offer. Happy to chat further if interested. Thanks!

Hello Everyone - If you are a property manager who handles short term lake properties in Connecticut, please reaching out. I have a client looking to invest in the space and we are looking to make a connection with a local PM. Thanks!

All - I am a real estate broker. I am pursuing a 6 unit property in Hartford, CT with a client. He is an out of state investor. I'm seeking connections with QUALITY property managers that cover the Greater Hartford region to help me with current and future investors. Please reach out.

It’s best when a client has a sense of urgency and eagerness to get a property under contract sooner than later. Also, listen to a Realtor and take their advice. 

Don't worry about the listing agent. If you submit an offer directly through them, they're likely going to earn double commission because there isn't another agent in the mix.

I agree with Dwayne, put more into your offer to attract the seller.

Here are my suggestions on things to consider when making a strong offer, which have been working for my clients. The idea is to make the offer as accommodating and favorable to the seller as possible.

1) Start off by offering an initial bid above asking.

2) Next, separately determine what the maximum price is that you would be willing to pay for the property and writing in an escalation clause that says something like, "Buyer will pay $2,000 over the highest and best offer, with a maximum purchase price of $xxx,xxx, with proof of highest and best offer."

3) Think hard about inspections. I can never suggest to my clients to completely waive inspections, unless they are handy or are 100% comfortable with the idea of buying a property 'As Is'. From the seller's perspective, waived inspections significantly reduce the risk of a deal falling apart, which is favorable to the seller.

4) Finally, the last piece of my advice that has really set my clients offers apart from the pack is offering to cover the appraisal gap. I never suggest to my clients to cover the entire gap, but put a ceiling on it, say $5k or $10k, or whatever the appropriate amount is. The appropriate amount will vary by market.

Try to be as creative as possible. You'll never know what accommodations the seller would value that could help you will a deal.

Hope this helps. Let me know if you have any questions.

Good luck!

Find a Realtor who will do it for less. I guarantee you can find someone to handle the transaction for you. I would definitely do it if this was my market. 

Hi Andres - That's awesome!! Have you already been pre-approved for a loan? And what type of property are you looking for, single family, duplex, multifamily?

Great work!

I hear your pain. I've been a Realtor for nine years now and had to figure a lot of things out on my own, never really had a mentor or any guidance from my brokers. A lot of the time, I would be lucky to get a response to any of my reach outs to my broker with questions.

I was with KW for several years before I launched my own brokerage. I never did this, but I've heard that a lot of new Realtors find the support they need by joining a team. Your commission splits are lower, but it gives you a great opportunity to learn and build your foundation before you can spin off and be more effective on your own.

Feel free to reach out or give me a call. I'd be happy to spend some time on the phone providing you with a brain dump of everything I know.

Best of luck!

I like this idea the best. It seems to be the cleanest and easiest way to level up. How long have you lived at your current SF property? I purchased distressed properties, renovated them with my dad, and lived in them for at least two years before selling. The taxes savings were incredible and I was able to roll 100% of the gains into my next investment.

Let me know how I can be of assistance. I can do a CMA on your current property and also look into 3/4 unit properties in CT markets that you're interested in. Thanks!