All Forum Posts by: Phelim Lennon

Hey Connecticut investors, I am starting a flipping business in Central Connecticut and I am looking to build my team. Looking for recommendations on investor experienced real estate agents, contractors, local portfolio lenders and hard money lenders. Please feel free to recommend yourself if you are one of these yourself! CT, Hartford, tolland, middlesex, Manchester, rocky hill, granby, Windsor, enfield, Farmington, Berlin, Glastonbury, Avon, simsbury, canton, Burlington, Marlborough, suffield, Bloomfield, Wethersfield, Plainville, Bristol, Coventry, Vernon.

Jon Bachman I use Angliss & Colohan PC. They are in Rocky Hill. David and Michael are the partners, extremely knowledgable and deal with a lot of real estate investors so good insight when picking their brain about what other investors do. Highly recommend to anyone in CT looking for a CPA. If you reach out to them let them know I sent you!

Matt Oehlsen I use Angliss & Colohan PC. They are in Rocky Hill though so maybe out of your range. David and Michael are the partners, extremely knowledgable and deal with a lot of real estate investors so good insight when picking their brain about what other investors do. They also don't charge $300 an hour! Highly recommend to anyone in CT looking for a CPA. If you reach out to them let them know I sent you!!

Welcome to BP Ida Grochowska ! I am also a landlord living in Hartford county. Feel free to reach out of you have any questions. Highly recommend the Bigger Pockets podcasts, amazing information from real investors. I have yet to attend a meet up in the area as I just recently started actively participating in BP but have a goal to go to at least one within a month. You should get to one too! Looking forward to talking further, Phelim

Hey Xavier Knight, there is a lot of information out there and it can be intimidating. I started in Bridgeport also. The way I got in was to buy a multi family house using an FHA owner occupy loan. I only had to put down 3.5% down. You have to find a property that can pay the higher monthly payment + Private Mortgage Insurance but it gets you in the door and starting your life as a real estate investor. If you have 20% to put down plus closing costs then good for you, do that instead, but if your low on funds and looking to get in the game this was very beneficial to me. Owner occupying the property helps get the FHA loan plus you can live rent free if you find the right property and if you house hack (rent with a roommate) you'll make even more money. Feel free to reach out to me and I'd be happy to answer any questions you have!

Chris Balestriere welcome to BP! I am an investor in the Black Rock section of Bridgeport. Been investing for four years now but just finding bigger pockets recently. So far has been a great resource have had many questions answered and contacts made. Feel free to reach out if you have any questions on multis, land lording, or just getting started! Your already on the right track, stay motivated! All the best, Phelim

Thank you @Oz Pariser @Mark McClure@Mark McClureI will look into these programs. I did see the West Hartford one, just trying to figure out now if its better to have two shorter classes during the week or one long class during the weekend. Really wish we could have done this online!

@Rick Santasiere I will definitely give you a call. Talk to you soon.

Phelim

Welcome @Richard Robinson. I am also an investor in Bridgeport, just moved up to West Hartford last year. Sounds like great goals, your off to a great start by getting on BP. Stay active, ask a lot of questions and then go out there and actually do a deal! Hope to connect and talk soon.

Phelim

Thank you @Paul Timmins for the welcome! I will definitely look into the REIA club meetings and new BP book. Do you attend any close to the Mass-CT border? Like Springfield or anything? Just looking to see if there's a common one we may meet up at some time.

All the best,

Phelim

@Filipe Pereira Yes, My partner and I currently manage our own properties. At 9 units and having a partner it hasn't been bad. It also helps that by now we have placed all our current tenants ourselves and have ensured we only accepted very good quality tenants. We have only had problems with two tenants over the course of the past 4 years and they both were tenants we inherited when we bought the properties!

I'd happy to talk more about my land lording experience if you have any more questions, ask away!

Phelim