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All Forum Posts by: Samuel Eddinger

Samuel Eddinger has started 7 posts and replied 581 times.

Post: Off market deals in Connecticut

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453
Quote from @James McGovern:

It has been a long time since I have ran across an off market opportunity in Connecticut. Are there web sites I need to follow?


 Not really.  You have to go to meetups, and solicit people regularly to get off market deals.  I'm starting to see progress from relationships I've nurtured for years.

Quote from @James McGovern:

A tenant who has several evictions on their record wants to rent and has offered a higher deposit than state law allows for. I would like to both help this individual and ensure that I have made enough to cushion the blow when that day comes. Any creative ways to navigate around laws that restrict deposit amounts?


 Charge a higher rent amount.  That's the only way to not be in violation of the law in CT.

Post: Notice to quit

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453
Quote from @James McGovern:

@Samuel Eddinger how do you search for evictions? I know how to search for foreclosures 


 Search CT Housing Lookup in Google.  You can find it all.

@Alexander Rodriguez - I try not to rent to people that are related to each other or are really good friends.  It will likely make you have two vacant units at the same time instead of one.

Post: Starting a LLC

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453

@Damien Davis - wholesale is a great way to get capital, to meet people and then to be able to scale.  We partner with wholesalers all the time.  DM me if interested in discussing more.  I'd love to have a conversation regardless.

Post: Notice to quit

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453
Quote from @James McGovern:

Do you keep your notice to quit basic or do you include any special legal guidance within?


 I think you can see what lawyers do by searching some evictions in the CT judicial system and then use whatever they do.  We do it short and sweet.

Post: Saving up for a deal

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453

@Ryan Austin Foreman - real estate is definitely cyclical but you can make money at different parts of the cycle with different strategies.  Currently, I think the buy to hold strategy will not pencil out in most markets but flipping is minting money (if you can find the opportunities).  

I think the biggest thing is to talk to people like us and/or make relationships with experienced people.  Networking groups like CTREIA, CTPOA, or ones done by @Ryan Luby, @Brandon Rush, @Stephanie Cabral, @Devin Peterson for example can put you in rooms with people that can help.

I'd be happy to discuss more.  DM me if interested.

Post: New a members

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453

@Wema Flavier Kabulungu - I'm a local CT based investor.  I'd be happy to connect.  DM me if interested.

@Robert Gorman - CT has reduced the lead levels for what is considered poisoned.  They are giving funding to people with young children in the property.  I would try to apply for the program while the funding is available.  DM if you want to discuss further.

Post: Lead Paint in a rental unit.

Samuel EddingerPosted
  • Meriden, CT
  • Posts 605
  • Votes 453

@Robert Gorman - there is definitely state money available to do this (especially if there is a young child in the home).  The state significantly reduced the lead level in a person's blood to be defined as lead poisoned and they continue to push that number down further.  I'd try to take advantage of it if you qualify.  You'll likely be forced to do it on your own dime in the future.