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All Forum Posts by: Samuel Eddinger

Samuel Eddinger has started 7 posts and replied 581 times.

Post: Hello new investor HERE!!!

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

@Jason Brown - I'm a CT based investor, flipper, and property management company owner.  I'd be happy to connect.  DM me if interested.

We have a very active real estate community here from CTREIA and meetups from @Brandon Rush, @Stephanie Cabral, @Devin Peterson, @Ryan Luby in central CT.  Reach out to them/me if you would like to get on the list to meet some people!

Post: Guide me from Scratch

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

@Tarun Kumar - welcome to BiggerPockets!  I'm a local, CT based investor, flipper, and property management company owner.  We have a great community that frequently meets and supports each other in real estate.  DM me if you would like to have a conversation and I can guide you to people I know in the community that could help.

Post: Square footage multiplier in Southern CT

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

@Preet Oberoi - that really is basically impossible.  It can be done for new build but not rehab since all rehabs are different.  Does it need a roof and new heating system or just paint and flooring.  Does it need kitchen and bathrooms?

You can start to educate yourself on the individual components; how much does it cost to paint on a per sqft basis or what is an average kitchen remodel.  With that information, you can start to get good at estimating the rehab budget.  There are spreadsheets that can help (I do not have one).  DM me if you would like to talk more about this.

Quote from @Adrian Zy:

hi

How long does it take to evict a tenant in New Heaven now


 Too long.  I'd say three months on the short end to six months on the long end.

Post: Looking for fix and flip wholesalers in CT

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

@Preet Oberoi - its very hard. For us to do this, we make relationships with every wholesaler, go to lots of meetups with other wholesalers and people in real estate in CT. We also send out mailers, cold call out of state investors, etc. We call FSBO people, look up pre foreclosures, etc.

If you want to do it, you need to be willing to put in a lot of work.  DM me if you would like to discuss this further.


Good luck!

Post: Looking for contractors in Hartford, CT

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

Hey @Bala Sri.  Welcome to BiggerPockets. I highly recommend @David Morizio .  Dave, can you help answer some questions?

Post: Rookie - Fix and flip in NYC

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

Welcome @Preet Oberoi.  I fix and flip in CT so if you would like to discuss, DM me and we can have a phone call.  The hard part on every fix and flip is to find a property with enough meet on the bone to make a good profit.

I always loved having an HELOC on my primary residence as the answer for me. That way I can use it when I need it and pay it down when I don't.

Post: Contractors, looking to connect?

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

@Marcos Gutierrez - I am an investor, flipper, and own a PM company in central CT.  I'd love to connect and understand more about what you are doing.  If interested, DM me and we can have a conversation.

Welcome @Javier Henao.  I am a property management company owner in central CT.  I always love to network with other PM companies.  Maybe we can each refer each other business.  If interested, DM me.