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Updated over 1 year ago,
Looking for guidance as a new Out of state investor
Hi Bigger pockets community,
I would like to get some wisdom from active investors, property managers, real estate agents about your recommendations, word of caution and advice. I'm anxious about making costly mistakes, I was reading posts from forum here about CT has high tax rate and safety issues. I'm trying to mitigate by risk by looking in the West Hartford or west end of Hartford.
1. What is the cap rate that I should expect with investments in Hartford
2. What areas should I consider for best long term equity growth
3. What areas should I consider for best cash flow for rentals
4. What are other risks that I should consider when looking at a rental multifamily duplex, tri-plex or quad.
5. Would you recommend me other areas/states for a new investor? I'm from Seattle, Washington and dont see lot of opportunities in our backyard.