Connecticut Market for Buy & Hold

[Joseph Palladino]

Hi Everybody,

I'm new to Real Estate investing and have been doing my due diligence but could use some pointers on a good market to invest in. I've recently read Millionaire Real Estate Investor, The Ultimate Beginner's Guide to Real Estate Investing (Brandon Turner) and most of David Green's new book on BRRRR Strategy.

I live in San Francisco but I grew up in Connecticut and would like for my first investment to be in Fairfield County (Preferably Stamford) but I don't want to make that decision for an emotional reason so I wanted to ask the Forum if this is a market that makes sense for a buy and hold approach.

I'm looking to BRRRR or House Hack a property and more focused on cash-flow than I am equity (Although both are obviously ideal). Are there any folks on here that currently have investments in Fairfield County? If so do you think it is a wise market to Buy & Hold?

Love to hear some thoughts.

[Crystina Milici]

@Joseph Palladino I’m curious if you ever ended up getting any properties in CT? I am also a new investor interested in CT and was reading through the replies - I was initially considering Bridgeport after reading an article somewhere in the past year 1-2 years about how Bridgeport had plans to building up their seaport to attract people to the city but from what I’ve heard recently, the politicians are very corrupt and those plans have been in the works for many years without any progress. Does anyone else in this thread have any other opinions about Bridgeport?

Also, I recently met someone who I might be partnering with. She is interested in getting a property in West Hartford because her daughter is attending the University of Hartford. West Hartford seems like a beautiful town and the realtor that we're working with said there isn't enough rental property availability for the amount of people who want to rent who work in nearby Hartford. Does anyone in this thread have any experience with West Hartford for BRRRR/traditional buy and hold rentals?

I appreciate any feedback!