All Forum Posts by: Samuel Eddinger

Hey @Matthew Corrigan.  Welcome to BiggerPockets.  The best real estate investors are patient but pounce when the opportunity presents.  You need to be ready, which it sounds like you are preparing to be, and the preparation should be for years not weeks or months.

I currently own a PM company, over 25 properties, a big office building, etc.  I started preparing for my real estate journey in 2004 with learning and researching, moved back to CT in 2008 and didn't buy my first property until 2012.  I got a great W2 job, read a bunch of books on landlording, educated myself on the market in CT, and only when the perfect opportunity of property price, interest rate, and my knowledge did I start buying.  After that I was aggressively buying multiple properties a year and even bought 3 properties in a day.

At this point, I have 6 kids, a multi million dollar real estate portfolio, a business that serves me.  I have traveled the country with my six kids and am going on a life changing adventure with my wife in June.  Today is my 21st wedding anniversary!

I'd be happy to tell you or anyone else reading this more about my real estate journey.  If interested, DM me.

Post on the MLS. That is always a good way to do it but you will give up some money for the privilege of the vast network.

@James McGovern - it depends on how you define cheaper.  Evictions take 3 to 6 months.  Cash for keys is generally one month.  The amount you lose in lost rent makes cash for keys way cheaper (even if you have to pay more to the leaving tenant) since you are able to get the property back much sooner and rerent it.

Hey @Cody White - welcome to BP.  I'd be happy to have a conversation to help you on your real estate adventure. Alternatively there are great meetups with CTPOA, CTREIA, and meetups with @Brandon Rush, @Stephanie Cabral, @Devin Peterson, and @Ryan Luby in the state.  

DM if interested in talking more.  Otherwise, I hope to see you at a real estate meetup in the future!

Hey @Russell Fuller.  I know that @Brandon Rush is a commercial RE broker in CT.  I'd reach out to him to ask questions.

I can't say I can vouch for any of them.  They are all basically the same.  They send out some letters/phone calls periodically.  They are all just waiting for the tenant to raise their hand when they need to use their credit for something big.

Patience is a virture.  I scaled from 1 to 23 over 10 years in CT.  I can't get the numbers to work so I'm stuck right now.

There is a cost to meetups.  Usually the facility will charge or make you pay for food.  We have no cost meetups in Meriden but they are not always well attended.

We are trying to pass a "payment into escrow law".  When you start an eviction for non-payment, like clockwork, the tenant claims they are not paying because the landlord never fixed anything.  This would require the tenant to actually pay into escrow if that was their defense.  Any other tenant's would have their eviction fast tracked.

 Send them to collections and hope that they make money and want to improve their credit.