All Forum Posts by: Venkateswaran Venkatasubramanian
Venkateswaran Venkatasubramanian has started 3 posts and replied 13 times.
Hi Bigger pockets champions!
I'm a potential out of state investor trying to learn and build a network with fellow investors who are either local or out of state investors particularly who are in Hartford neighborhood. Also would love hear below
1) One advice that you wish someone gave you before you learnt it the hard way
2) Your story/biggest challenge you faced in the journey.
Lemme give my story in short, I'm from Seattle and looking to enter multi-family rental units to diversify and possibly generate cash flow for passive income. I would also love to find ways to generate tax benefits that can offset my W2 incomes but trying to start small. I looked into Hartford market for rentals as my wife went to School there and found bunch of opportunities with good cash flow. I'm bit overwhelmed and worried about things I don't know and hence reaching out to this awesome forum to grow more wisdom. I would love to learn from you before I make my first investment and mistakes.
Post: Looking for guidance as a new Out of state investor
- Posts 13
- Votes 3
Thank you folks for the insights, I really appreciate this. I think the only missing piece for me right now is local connections that I can trust. Can you suggest property managers and contractors that you have experience working with?
Post: Looking for guidance as a new Out of state investor
- Posts 13
- Votes 3
Hi Bigger pockets community,
I would like to get some wisdom from active investors, property managers, real estate agents about your recommendations, word of caution and advice. I'm anxious about making costly mistakes, I was reading posts from forum here about CT has high tax rate and safety issues. I'm trying to mitigate by risk by looking in the West Hartford or west end of Hartford.
1. What is the cap rate that I should expect with investments in Hartford
2. What areas should I consider for best long term equity growth
3. What areas should I consider for best cash flow for rentals
4. What are other risks that I should consider when looking at a rental multifamily duplex, tri-plex or quad.
5. Would you recommend me other areas/states for a new investor? I'm from Seattle, Washington and dont see lot of opportunities in our backyard.