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Updated almost 6 years ago on . Most recent reply

User Stats

27
Posts
7
Votes
Chris Butler
  • Rental Property Investor
  • Waterford, CT
7
Votes |
27
Posts

What do you look for in location?

Chris Butler
  • Rental Property Investor
  • Waterford, CT
Posted

Hi I’m Chris new to BP. I have reached the point to start actively looking for my first multi family to house hack (live in one unit). I have a realtor and lender and have looked at a few places. I narrowed down a location that I want to invest in. Groton ct. My reasons for picking this location Is because there are great jobs minutes away (EB, physers, military base), casinos (Mohegan and foxwoods) aren’t far, Niantic and mystic are very popular entertaining towns that are within 10-15 minutes, and the beaches are also within a couple minutes. But what I’m having a hard time wrapping my head around is this one community filled with duplexes. I would say it is b- or a strong c+. The property’s themselves are places i would be interested in. But I see some renters not picking after themselves which make the community look a little blah and the houses are a stone throw away, how much of an impact should that cast in my decision to invest here? I feel like this would greatly effect who comes in the door but these properties are very affordable ranging from 105000-160000 and if it’s good to invest here I could potentially buy multi down the road. How do I go about this?

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