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All Forum Posts by: Phelim Lennon

Phelim Lennon has started 3 posts and replied 35 times.

Post: First Flip Connecticut

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Congrats! This is very inspiring as I feel I am in the same spot you were a little over a year ago.... Reading and listening to podcasts like crazy to get ready to do my first flip. I am actively looking at listings in CT but no luck so far. Would love to meet up some time and pick your brain. Couple of questions, did you finance property and/or rehab costs or was it all cash? Also did you have to replace Windows if so how much did that cost? Came up on a property I was thinking about and was trying to figure out 1) if it's absolutely necessary 2) if so, how much.

Post: Want to talk to Multifamily owners in Bridgeport Ct

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Hey Lesley Govan I own 4 multis in Black Rock. Taxes are quite high but have found rental demand is also quite high and can cash flow nicely as long as you don't overpay. I would be glad to answer any specific questions you have, feel free to PM me! Phelim

Post: New To REI From Connecticut

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Welcome Jeremy Pavlik . I am also a CT investor from West Hartford. If you aren't already. I recommend listening to the podcasts. Great conversations and tips on there with real successful real estate investors and other professionals on the business. Also try to get to one of the meet ups in the area, currently there's one in Rocky Hill and one in Manchester. Feel free to reach out with any questions or if you'd like to meet up and grab a coffee or something! Best of luck!

Post: Wrapping up flip #1, deal #2 accepted today

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Congrats Alex Maldonado . Do you mind sharing the numbers and details of the deal you are closing (purchase price, Reno costs, closing, lending terms, ARV etc) I am looking to do my first flip in Connecticut and would love to pick your brain on things you did and learned from your first flip!

Post: Real Estate Broker Accreditation

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Way to go Rick Santasiere !

Post: New Connecticut Real Estate Invester

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Hey Andre Medeiros welcome to BP! Congrats on taking the first step to wealth and financial freedom, just don't give up as there is a lot of learning to do and hard work but it will pay off handsomely! I am also an investor living in West Hartford. More than willing to meet up for coffee and talk real estate anytime, let me know! If your just getting started listen to all the Bigger Pockets podcasts they're filled with so much great information. At the end of each podcast the guest recommended one real estate book and one business book, I've started a list of these and am chipping away at those too. There are also a couple of meet ups in the area, Rocky Hill and Manchester, you can search the threads for the info or PM me. I have four properties and am looking to do my first flip this year so feel free to hit me with any questions. Talk soon.

Post: New investors from Connecticut

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Welcome Lorine Zdanowski . I am in a similar boat, dead set on flipping my first house and trying to set the foundation now. There is a BP meet up in Manchester tomorrow night at 6pm. This will be my first meet up, you and your husband should try to join us! Would love to talk more about cracking our first flips! If your interested in attending let me know or Jacob Reilly who set the meeting up. Otherwise feel free to message me anytime! Talk soon.

Post: Newbie from Connecticut!

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18
Welcome Tony Marzano ... There's a BP meet up in Manchester tomorrow night at 6pm. I am attending and a bunch of others from the area are too. Why not jump right in! If you need more information let me know or Jacob Reilly is the one who set it up. I am in West Hartford so if you'd like to meet up any other time please message me.

Post: Connecticut Brain Dump

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18

@Joshua James Welcome to BP! Very interesting to hear about your commercial experience in CT. It is not something I have ventured into...yet. Have 9 units and focusing right now on getting a flipping business up and running. Would love to hear more about what your have been involved in as commercial investing really intrigues me. I will PM you! Talk soon.

Post: Connecticut Brain Dump

Phelim LennonPosted
  • Investor
  • West Hartford, CT
  • Posts 37
  • Votes 18

Thanks @Rick Santasiere I will give you a call today.

@Filipe Pereira hopefully I reach out to your soon, as that will mean I've landed my first flip deal!