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Updated 4 months ago,

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Robin Simon
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
4,411
Votes |
4,576
Posts

Best Connecticut Investment Property Loans (Hard Money - DSCR) - Easy Street Capital!

Robin Simon
Pro Member
#3 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
  • Austin, TX
Posted

Easy Street Capital is proud to be a leading private lender for The Constitution State! We offer industry leading Hard Money and DSCR Loans for every type of Connecticut Real Estate Investor. Easy Street Capital is the investment property loan provider for real estate investors of all experience levels and specialties, including popular strategies such as Short Term Rentals, Fixing and Flipping and the BRRRR Method! Our Connecticut DSCR Loans are perfect rental loans for the long-term real estate investor looking for cash flow. Our Connecticut Hard Money Loans are ideal for renovators looking to add value through rehabs or ground-up construction!

Check out the rest of this Connecticut Investment Property Loans page for all the information you need on our loan programs. Check out recently funded rental loans, information on all of our loan programs, FAQs, market analysis and more!

Top 5 Markets for Connecticut Real Estate Investors in 2024 Fix and Flip Rentals

Real Estate investors looking for cash flow and appreciation are flocking to Connecticut to build rental portfolios. The Nutmeg State is a current favorite of real estate investors due to many factors including a strong and stable economy, a growing and highly education population with a healthy demand for housing! Easy Street Capital is proud to be a leading provider of investment property loans for real estate investors looking to build rental portfolios in Connecticut!

Investment Property Loan Types for Connecticut Real Estate Investors

When it comes to real estate investing in Connecticut, there are a variety of markets and types of investment property loans to choose from. Connecticut has plenty of older properties in need of renovators to restore them to rent-ready status. For investors adept at rehabbing older properties, hard money renovation loans are a perfect choice! These investment property loans allow you to buy a property quickly and finance your rehab costs as well! Once you are done, you can either “flip” the property for a quick return or pursue the BRRRR Strategy by renting it out and then refinancing into a long-term, low-rate DSCR loan!

Long-term DSCR Loans are also great for investing in turnkey rental properties. Turnkey refers to properties that are already rent-ready for tenants and require no renovations. Move-in ready homes are great for cash flow and price appreciation. Connecticut also has a large supply of duplexes and triplexes which are great for cash flow. Most DSCR Loans are fixed rate for thirty years, locking you into a fixed interest rate for the long-term. While, if historical patterns continue, rents and appreciation increase steadily each year. Bottom line, debt costs stay the same while cash flow increases!

Connecticut: Landlord-Friendly State

In terms of regulation, Connecticut is considered a landlord-friendly state. Owners of rental properties, such as typical DSCR Loan borrowers, are secure investing in the state. Connecticut has well-defined laws and regulations that govern landlord-tenant relationships. These laws outline the rights and responsibilities of both parties, providing clarity and guidance in resolving disputes.

In addition, Connecticut has established a relatively efficient eviction process for landlords. The state’s laws provide clear guidelines and procedures for eviction cases. This allows property owners to take action in a timely manner when tenants violate lease terms or fail to pay rent. Connecticut also has regulations in place that require tenants to maintain the rental property in good condition. This includes responsibilities such as proper upkeep, cleanliness, and compliance with health and safety standards. Landlords can expect tenants to fulfill these obligations, reducing the likelihood of property damage.

Overall, Connecticut is a landlord-friendly state that offers many advantages for investors interested in rental properties. With its favorable rental market conditions, investors can feel secure with their investments.

Where To Invest In Real Estate In Connecticut

Connecticut is a popular market for real estate investors because despite it’s small size, it has diverse options. There are varying markets that offer great potential for each type of real estate investor. Hartford is the states fourth largest city and capital. Stamford is the second largest city in the state with a strong economy and job market. New Haven is the third largest city and home to Yale University, one of the world’s top colleges. Bridgeport is the state’s largest city and has undergone strong growth and redevelopment in the past decade. Finally, Norwich, with a historic downtown and beautiful harbor, is a hidden gem vacation rental market.

Hartford

Hartford, Connecticut is the capital city of the state, with a population of over 124,000 people. The city boasts a diverse economy, with industries such as insurance, healthcare, and finance leading the way. Real estate investors can find lucrative investment opportunities in Hartford, with a median sales price for a single-family home of $285,000 as of December 2023, reflecting a 14% year-over-year growth, according to the latest data from Redfin. This indicates a promising market for long-term appreciation. With a growing population and a thriving job market, Hartford offers stability and potential for real estate investors.

In addition to long-term rental properties, Hartford presents an attractive market for short-term rental investors. The city is home to numerous cultural attractions, including the Wadsworth Atheneum Museum of Art and the Mark Twain House & Museum. These landmarks draw a significant number of visitors throughout the year, creating a consistent demand for short-term rental accommodations. Additionally, Hartford hosts several events and festivals, such as the Riverfest and the Hartford Jazz Festival, which further enhance the appeal for short-term rentals.

Overall, Hartford’s diverse economy, cultural attractions, and growing population make it an enticing market for real estate investors seeking both long-term and short-term rental properties. With a favorable investment environment and a range of attractions, Hartford offers potential for strong returns on real estate investments.

Read The Full Article Here!

Are you a Property Manager, Full-Scale Mortgage Broker (including Conventional, Non-QM) in Connecticut? We are looking for trusted professionals in Alabama to refer our investor borrowers too! Comment or DM me to discuss, and we can potentially feature you on our website!

  • Robin Simon
  • [email protected]
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