All Forum Posts by: Samuel Eddinger

@Brian Alvarado - I'd be happy to have a phone call with you. I'm a real estate investor in CT who has done BRRRR, Refinance, HELOC, Creative Financing, 1031 exchange, etc. DM me if you are interested in connecting.

@Michael Whitman - CT investor and property manager here.  I'd be happy to talk to you about investing in CT if you are interested.  DM me if you are.  Good luck with your investing regardless!

@James McGovern - There are differences in CT.  In some circumstances the NTQ goes from 5 days to 30 days (things like lapse of time evictions).

@Alex Smith - the key is to be patient.  Like @William Collins said, there are opportunities out there but if you are too excited, you will overpay and then be stuck digging yourself out of the hole.  I'd be happy to connect.  DM if interested.

@Jon D. - happy to connect.  DM if interested.

Thanks for the love @William Collins & @Drew Sygit!

I've been posting on BiggerPockets getting nothing for years!  Then all of a sudden, a woman who had been seeing me try to help others on here, told me she wanted to sell a property to me and only me (she did not want to market it or let her neighbors know).  Needless to say, my partner and I purchased it, flipped it and made $70k.  You never know which conversations will be fruitful or not.  That's the difficult part of marketing in general.  Just make great connections and things will come back to you.

 We are trying to grow our PM company.  Being out there is important to do that.

@James McGovern - Rob Hahn wrote about how illegal immigration is one of the biggest causes of housing affordability (look him up and you can find the article online).  If you think this is going to continue to be a big issue, then just buy housing anywhere.  The market is efficient so where illegal immigrants are will causing housing prices to go up which will cause the efficient movement of people to less expensive housing which will cause that housing to go up which will then push people out again.  It will take a couple years perhaps but people go where they can ultimately afford to live.

@James McGovern - my wife was in attendance and she and I own 20+ properties, a huge office building, have done multiple 1031 exchanges, Segregation studies, flips, private money, creative financing etc.  I have three partnerships currently from going to meetups like CTREIA.  These partnerships will make me passively $100k per year forever within the next few years.  I'd be happy to talk specifics about this if you do not believe me - just DM if interested.

While, many are n00bs, we use the opportunity to network to be able to have a huge source of people working for us for the next opportunity.  I was just handed a partnership in a property that has 30% equity today and was given the option of owner financing at $1,000 a month with 0% interest for 10 years.  I'm debating doing it since I have more opportunities than money to fund right now.

I think some people have said correctly that your negative mindset is going to turn people off from working with you.  Instead of thinking everyone is n00bs, think of everyone as a potential partnership or source of marketing so that you can help them with the things you are great at, renovation, etc and they can find you the deal that you keep trying to find.

Good luck in Hartford proper.  Unless the property is big and/or you are only going to source Section 8 tenants, I think it is unlikely that you will get $1,700 to $1,900 per unit.  I also hope that you are adding a big bad debt and vacancy number to your underwriting.