All Forum Posts by: Nick Koukidis

This is a great meet up and a great location… can’t wait to see everyone!

@David Wolber i agree with you i think we have so much beauty in this state...but i live here...lol

I have been running numbers on a few properties that i think are in great areas and what i notice is if i where to rent it long term i would be negative cash flow. Are str rates accurate?? I hear 3x to some time 10x more then long term?  

@Francois Martin

Thanks for the info.

Thanks for the quick reply's everyone.  
   @Francois Martin are your properties all close to the water?(walking distance) Also do you see demand in the off season? I know people that have houses in old lyme on the beach and they are booked solid for 4-5 months out of the year. And then nothing.. with such a small window of opportunity are the numbers all that different then a long term rental?

This is why i think a lake/woods environment gives you the best year round value over the beach? 

I just wanted to reach out to anyone in CT that currently has a str in state. Wondering if this strategy works in a drive thru state like Connecticut?

@Eric Garces

We have a virtual meet up tonight

https://zoom.us/j/4685115571

Starts tonight at 7

Would be great if you can stop by

@Chris Mason yes ... that new train of thought went into effect last year!! Lol

My local banks small and large want 2 years so i guess i need to do taxes early this year.

Hello all,

I am a self employed contractor in CT. I have been running the family business for 16 of its 35 year history. It amazes me that if i wanted to go to a bank and ask for a loan for a piece of hard equipment they would fall over themselves to help me.

You go in for a heloc or a mortgage and its like i have the financial equivalent leprosy!!

I am frustrated with the whole process but trying to see what other avenues i can take to reach my goals.

Are there any programs available to small business owners?

Or any advice from other contractor investors out there?

Thank you in advance

Marek where in CT? I am based out of lower fairfield county and the price point down here for multi’s are very tight when i crunch the Numbers.

@Isaac S. It is not even a 2 min drive from my house.

I have a meeting with them tomorrow i will get further details and update then.

Thanks for the i put