All Forum Posts by: Ryan Kundrat

Hey @Jared Robbins, so the benefits of course would be to lock in a house at a 2023 price, begin building equity on the property today, tax write offs, and knowing you have an easy place to move into. I might steer clear of STR as it really is a job in and of itself. MTR and LTR would be great options, MTR being most flexible in terms of being able to move in on your schedule. One of the upsides to interest rates being higher right now is that it is keeping some buyers away which with so few houses available next buying process a bit more manageable. If interest rates were to drop, a whole wave of buyers would enter the market, and with no increase in the number of homes available, you can imagine what will happen to prices.

Different parts of Fairfield County are going to be better for MTR versus LTR, and then of course you also have to consider what town and neighborhood you'd personally like to be in in 5 years. I'm a lifelong resident, so happy to share any insights I can on the different areas and potential for renting prior to moving in, give me a shout anytime! 

Ryan (203.539.1139)

Hey @Kevin Cespedes, Water/sewer is due quarterly in Waterbury. No other miscellaneous bills that are landlord-paid. I own property there so am happy to fill you in on details of the city and certain areas if you'd like. Feel free to give me a call any time, 203-539-1139.

Regards,
Ryan

So glad I clicked into this thread, it’s chock full of solid, actionable advice (from some dependable names!) If house hacking is a direction you’re interested in exploring, I’d recommend connecting with some people who’ve done exactly that in the area you’re interested in. I recently helped @Ilgaz Arikan on her first multi family house hack investment. I’m sure she’d be happy to share her insights of her journey so far. That said, I do love a good brainstorming session, so let me know if you ever want to hop on a zoom/call and talk through ideas!

Hi @Rosemary Olavarriawelcome! Step one would be defining your criteria. This is more complex given that you you'll be living in the property (ie. Something that meets your criteria from a pure investment perspective, may not meet your criteria for you personal residence, and vice versa.) 

Are you currently living in CT? If so, you'll already know that there is a very wide range of markets and price points, even within a specific county. For example I live and practice as a real estate agent in Fairfield County, but invest outside (again, due to my criteria.) 

If I can help you define your criteria, or even understand what questions you should be asking yourself, I'd love to connect! Please feel free to shoot me a message or give me a call anytime.

Regards,

Ryan

Hey, welcome Brandon! I’m right in Bethel and own property in Waterbury. If you ever want to sit down for a coffee, or a zoom coffee in today’s climate… Hit me up! Also, got to ask about your manual car interest… What are you into?

Hey Kevin, I'm a resident of Bethel (and a licensed agent) so if I can offer any insights over here, please don't hesitate to reach out!

Ryan

Hey Marcony, 

So to answer your questions, in CT we use attorneys, and the earnest money is typically held by one of the parties' attorneys (I'd recommend yours, they of course will want theirs...) or by the transacting brokerage. 

And my 2 cents (and yes, biased, but also grounded in knowledge;) On the surface, it does seem straight forward, but it is the job of good agents to make it happen that way. Have you transacted the buying or selling of properties before? Do you carry E&O insurance? There are countless ways you can be sued by misrepresenting the sale of your property if thing are not properly disclosed, necessary forms are not signed by each party, etc. Before you decide to transact this on your own, please, please do your research and understand not only the difference in selling price you're likely to receive through using in an agent, but much more importantly your liability, and put in place mechanisms to mitigate that liability. I actually considered selling a property before becoming an agent, now that I am one, I'm so glad I didn't take that on without the knowledge I have now... If I can answer any other questions, please don't hesitate to reach out!

Ryan

Welcome @Mike Guenther! House hacking is an awesome foot in the door, you're well on your way!

Hey @Sri Popuri, I'd be happy to talk with you about investment opportunities in the Danbury and Bethel area. I'm an investor, agent, and Bethel resident, let me know if you want to grab a beer!

I'd be in for a Danbury meetup!