Buying cash in Connecticut for BRRRR $60k max

[Sourabh Bora]

Hi BP Family

I am a traveler and a part time technology consultant. I would like to build a passive income stream so that I can travel more and follow my other passions , and do less of the 9-6 grind. 

What am I looking for

1. Maximum cash flow, future appreciation will be nice to have

2. Within two/three hour driving distance from New York city, so I can live in NYC and take care of stuff 

3. Willing to sacrifice cash flow for peace mind while landlording

4. $60,000 max to begin with. Once I have more teeth in the game, willing to break my other investments and put them in RE

5. Repair opportunities. Willing to learn the rehab process . Higher ARV when the time comes for bank refinance

Experience so far

Zero in USA. Bought a 3 bedroom for my parents , but it was new construction and father took care of the whole process

Education so far

1. Read to the BRRR book, About 50 podcasts, Reading the book on rehab by J Scott etc

2. Drove around Norwich, New Britain and New Haven

I hope to network with the local experts and take bold steps in this new chapter of my life.

Starting with the meetup this evening in Manchester. 

Thanks  guys

Sourabh Bora

[Martin Grizzanti]

I am biased but Rochester, NY has been ideal for the type of investing I wanted to do.

I wanted to have 15-20% cash on cash returns.  This is extremely difficult in other areas of the NorthEast.  This is a deal I am working on selling currently

https://docs.google.com/spreadsheets/d/1P5JKa8k-OjJDKv7cgUNai7Q7uz9VIpfi_thU73dpxkk/edit#gid=1098723612