All Forum Posts by: Nhrai Jordan

Hi Michelle!  To be very honest the ship has sailed for amazing returns in Bridgeport. These days asking prices are incredibly high due to low inventory and competition is steep so if you didn’t get in 3-5yrs ago or even pre-COVID you’ll should be looking for a very distressed owner to make the numbers work.   Rent rates are steady and that‘s simply due to geography and previously depressed real estate prices. 

If you are seeking a long term hold I’d be happy to point out a few areas where there is development happening. To the other posters points yes the North End is decent, Black Rock is better but your best bet is elsewhere within the City.  My (personal) opinion is that the North End won’t hold for the long term - and yes I am a landlord there.


Best of Luck!

Hi Kelsey, the bidding wars in Fairfield and New Haven Counties are real.  Inventory is tight and buyers who are actively looking now are pretty serious.  I'd advise your family member to be pretty aggressive with their offers.  Good luck!

Great property!!!  Plenty of folks looking to buy or live in Black Rock, CT.  You obviously made the right choice.  Thanks for sharing the blueprint.

NOPE. NOPE. NOPE.  You've answered your own question with the first 4 words of your post:

Negative $800 Cash flow... 

Family/friends + landlording DO NOT mix.  Take it from the experienced folks answering your post.  We've all been burned or are still on fire.

Good luck + Happy Holidays!

@KinYat Lam Try George D'Amico and Michael Woolen.  I use others in Trumbull, CT as well.  Please let me know if you would like their names as well.

@Jon B. funny, lots of people say similar things about Bridgeport, CT.  I suppose I just a have a higher tolerance or just a different investment criteria for my portfolio.  Plenty of people live in C-D neighborhoods and they all pay rent or a mortgage.  Good luck in your search!

Honestly, I'm kind of in love with Newburgh @Jon B..  Have you looked into purchasing from the city or the land bank?  The numbers won't steer you wrong as long as you make the money when you purchase (i.e. buy at the right price).  I took a trip recently and saw some great single family opportunities in a perfectly walkable, suburban looking neighborhood.  

Best of luck!

@Eric DeVito I have to agree with @Jay J. a ton of New Yorkers invest in upper Fairfield County or live in lower Fairfield County and commute.

Best of luck!

A warm hello @Mark Brown, welcome to BP! I'm sure you'all discover as you get settled in that you have much more to offer than you thought.  We love to hear each other's experiences, successes and mistakes- it's all relevant.  Whereabouts is your condo in Bridgeport, CT?

Congrats @Loubert Antoine on your first multifamily purchase in Bridgeport!  May I ask where you decided to real estate investing roots?