Opportunities in Connecticut

[Patricia C.]

Hello

I am looking to purchase another rental property up North in CT. I recently purchased in Norwalk. Any good opportunities for properties around Naugatuck, new Britain or Waterbury area? Looking at properties around $150k-$180k with good rental Income. Thanks in advance!

[Sam Ojo]

Good day, I’m in the New Britain market. Between that price range there are opportunities for value add/ distressed single families. About 40k more can possibly land you a two family but would also need some sweat equity. Condos are another option in that price range but with condo fees can kill your cash flow. 

With the right aggressive marketing there are many opportunities with tired landlords but would require more time compared to searching the MLS .