investing in rental properties in Connecticut pls help

[Frederic Mileo]

Hello all, I’m a resident of New York and until my children go to college I will continue to be a resident of New York. I’ve done small deals in New York basically flipping houses on a small scale and i’ve been added as an additional investor on certain rental properties around the area. Due to these investments I now have good amount of capital to seriously look into investing in a rental property solo. Doing a lot of research I was looking in the Connecticut market. I recently was in Albany with a bunch of landlords and some small business owners talking to state senators about legislation that recently has been passed in New York that is making it extremely difficult on landlords especially with rent stabilized housing. To make a long story short New York is not only a very difficult market but it’s going to be increasingly more difficult due to my experience in Albany, where a lot of these political figures want universal rent control. My question is if anybody has experience in Connecticut and how difficult or lenient it is due to or comparable to the New York market. I know these are both blue states, but I am curious because Connecticut definitely has a wider range of a market where there’s things that are fairly inexpensive two things that could be increasingly expensive, so if there’s anybody out there that has any experience in the Connecticut market I would and love to hear anything about the legislation in the laws in Connecticut. I would really appreciate it and would love to hear anybody’s experiences or thoughts of the Connecticut market now and in the near future... thank you in advance Fred

[Sean Toomey]

@Frederic Mileo

I’m a Long Island resident and I invest in CT. I love the market and we have had great success with our buy and holds and BRRRs. The multi fam houses are great there, and taxes are 1/3 of what we pay here.