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Updated about 2 years ago,
Looking for a team in Central Connecticut
Hi all, new to Bigger Pockets and I'm diving back into real estate. I see 2023 to be the continuation of the upending of the RE market and it will expose a number of opportunities over the next 1-3 years.
About me I had a property decades ago in Western Mass and I really didn't know what I was doing. I focused on my IT career and advanced it pretty far but I'm not going to achieve financial freedom or retirement with it. My experience in the IT industry allows me to develop and integrate APIs into a wide variety of data sources. I've design everything from complex spreadsheets, to website scrapers, integrate APIs from a wide variety of sources, real time notification systems, dashboards that leverage machine learning libraries to build data models. I'm currently applying those skills to modeling my target markets.
The goal is to retire in 10 years with $300k to $500k in cash flow using a buy until you die method.
My market is Central Connecticut Class C Multi families with 5+ units all commercial financed under LLCs. Depending on the economics conditions for 2023 the goal for the year is to close on and operate 10+ units/doors. Starting seed of 120k May 2023 once deals are finalized.
I'm part of CTREIA and I attend the monthly meetings and meetups ever chance I get. I'm the tallest guy there so it won't be hard to miss me. 😉
I'm currently looking for leads or to connect directly with:
Real Estate Agents/Brokers that specialize in larger properties and can provide me MLS feeds for my target markets so I can start gaining familiarity with the markets (i.e. rents, price, CAP rates).
Contractors that specialize in large building rehab. I'm not looking to fix and flip just moderate rehab.
Lenders that operate in Central CT and are familiar with the markets and experience with creative financing.
What is going on in Central Connecticut?
What are the up and coming markets that are good for cash flow with minimal downside to property value?
What are the changing demographics in the area? How has buying and selling demand impacts multi family in the area?
Looking forward to connecting with everyone here and learning from all of your vast experience.