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Updated over 6 years ago,
Buying a 6+ unit apt complex in Connecticut
Hi all,
I had experience buying multi-family before. However, this time, I want to set up an LLC and am looking for 6+ unit apt complex in Connecticut. I'm from MA and will land my job in CT. I don't have any connection to broker, bank and everything there yet. My budget is roughly less than 500K (down up to 40%) and I can take one unit as primary. Couple questions here:
1. What types of (business) loans might be best to me?
2. Does someone recommend any broker who is familiar with the market in CT, specifically Hartford, Waterbury, New Haven and somewhere in between?
3. Does anyone know how hard (or easy) to rent apt in CT?
Thanks a lot in advance!!
BTW, the property tax in most towns of CT is just crazy (from MA resident's perspective)!!!