All Forum Posts by: Rick Santasiere

@Stephen Igbeka, just be careful about how much stock you put in to zillow. Zillow is not an accurate website for determining value. As a real estate broker, I use zillow as a guide sometimes and to see quick photos if I am not in MLS and on my iPhone. But as a real estate professional, it is extremely difficult to get the public to realize that the information contained in Zillow is highly inconsistent. Try and align yourself with a great Real Estate Agent who is willing to help you determine accurate pricing strategy for your needs, whether it's for a turn key property, or something that has value add component. There is a great article written by Frank Defazio here: https://www.biggerpockets.com/renewsblog/2012/12/2...

@Ken Bosse. Welcome!  I manage several properties in Bristol and am a licensed real estate broker in CT and MA.  We own a small portfolio of properties in the state, and help out first time investors often.  We can help you narrow down your criteria, and ultimately start you own your way to financial freedom. Please reach out any time!  Good luck an I hope to meet you soon!

@Christian Florez. No. This is definitely not my "comfort area" of CT. I am extremely familiar with about 75% of the state of CT, and this part is the 25%. But, PM me with a colleague request and let's stay connected. You never know when I come back down, or you are passing through to MA. For the record, that little "Notch" in the state of CT... That's where I reside, invest, and have my business. Southwick, MA is 1/2 mile from me. So, until we meet, Happy Holidays, and we will connect for sure. Always up for an REI chat.

Christian Florez welcome!! Great to see your enthusiasm. I am actually in Norwalk for the night (I'm from northern CT). Look me up if you want to grab a coffee or a bite to eat tonight. I am actually heading out to eat in the next hour.. or feel free to reach out any time for information or networking. I am a real estate broker and investor myself. Hope to chat soon!

@Jason Arcuri excellent!!! Love hearing like minded "double agents" stories.  Investor agents always have the unique ability to see projects from so many angles, and reading your post certainly energizes me! Thanks for sharing. Hope we get the chance to meet at some point in 2017. Good luck with the new property and keep us posted.  I would love to hear how you progress!

@Stephen Parlos welcome to the group!  The podcasts are a great source of inspiration and they certainly make you think about how your own life can be changed in the way others' have.  We have sold several Multi's in Windsor this year, and are well versed in all the surrounding towns. Sure wish I was a 90's investor in West Hartford!! 

I own a small real estate brokerage and am a licensed real estate broker in Hartford County and we assist other investors as well.  We hold a portfolio of investment properties (single family and multi family), and pride ourselves with helping the new investor on their quest for building wealth.  Feel free to reach out any time via email, text, voice. Good luck!

@Steve Sapowsky. I applaud your questioning of the "because we say so," and saving $8k, heck, that's what it's all about, maximizing our returns/cash flow.  I am from Granby as well, but in CT. Reason I responded is not because I share experience on this actual process, but I own a home here that has a shared well with my neighbor.  The property I refer to has the well deeded to be used by both properties, and it has always been strong and never been an issue over all these years.  The problem lies in IF this thing ever fails.  Would I work with my neighbor on drilling a new well and share the cost?  Would my town approve it?  With government regulation, and strict health codes, I get the feeling they would NOT allow a shared well to be used, but I am going to stay positive and hopeful that the well will be fine, forever.  A few questions to ask the well company though are about the area and how many gallon per minute the well can handle.  If, for instance, the well only pumps 2-3 gallons per minute, sharing that well might not be your best choice anyway (well run dry).  If the wells are kicking out 5+ gallons per minute, logistically, you are right in that it should be fine.  But the DEP/BOH.. They run the show. Don't give up regardless.  I will be pulling for you!

Welcome @Daniel Lussier! I am a broker from way up North in the "notch" at the top of the state!  Hopefully we cross paths some time.  

@David Fierer.  Welcome to BP, and congrats on taking steps to financial independence! If there is anything I can do to help you, please feel free to reach out any time.  I have coffee/lunch meetings 3-4 times a week to see if I can help people and would be more than happy to with you.  My contact info is out there or feel free to private message me. I look forward to meeting you at the next meetup!  

Ozzy Khan welcome!! Hope to meet you at the meetup next week!! I am a real estate broker out of Hartford County and represent buyers, sellers, investors, and owners for property management as well.