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Updated over 3 years ago on . Most recent reply
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I live in CT. Laws favor tenants. Investor beware? Or go for it!
Hello! I'm new to Bigger Pockets and I'm jumping into real estate investing. I do live in CT where traditionally laws don't favor landlords but I do have my real estate license. Do I have a better chance starting off in Turnkey in another state where laws are more balanced but I give up visibility and control? Thank you for your thoughts!
Trey
Most Popular Reply
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I think it is all about perspective. if there are successful investors in CT (which I am sure there is) then the proof of concept is there its just about playing by the rules and finding your competitive advantage. I don't think you can go wrong investing out of state either if you have a great team and set things up well. To me it sounds like you want to invest in CT first though. The first thing that comes to mind for me is if there are favorable tenants laws in CT then there is definitely a long list of absentee investors and landlords who are ripe for wanting rid of there investment properties so go find them and make offers. Then make sure you do your run your business the right way abiding by the rules and connecting with a good lawyer and it will be just fine.
- Jared Hottle