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Updated almost 10 years ago on . Most recent reply

User Stats

67
Posts
9
Votes
Claudio Golia
  • Homeowner
  • Wallingford, CT
9
Votes |
67
Posts

Buy and Hold Potential in CT?

Claudio Golia
  • Homeowner
  • Wallingford, CT
Posted

As a CT resident, my initial impulse was not to consider this state as a location to purchase a real estate investment.  The taxes are high, the property values are high, and based on statistics over the last year or two I see more residents leaving CT than coming. 

That said, for those investors out there who buy and hold and rent, is there positive cash flow potential without investing in D class properties in areas like Bridgeport or Hartford?

My initial thought was that I would head out of state to start and I still may do that, but it would be my first investment.  Just trying to weigh all my options as a newbie.

Thank you,

Claudio 

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