Investing in Waterbury CT 2019
Hi, I'm looking to invest in the Waterbury or surrounding area and as any thread on this is very old, i thought id make a 2019 thread. I am thinking of buying single family properties in better neighborhoods as Waterbury can be very different from street to street. Has anyone had luck in this market for cash flow? Is it just too much of a nightmare that i should stay away? I am a contractor with cash so I feel it can be quite the opportunity if i can get my hands on some of these distressed homes for under 70k. Any input is appreciated! Thanks!
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Hey Glenn, I'm an active flipper/wholesaler in the WTBY area, I grew up in WTBY so I know the market ins and outs. Yes there is properties the you can purchase for under $70K and I wholesale properties under $70K all the time to other investors. As Eli mention above the taxes are high in waterbury but if you buy at the right price you will offset some of those high taxes. I know investors that have a big portfolio of rentals in WTBY and have a good cashflow. Send me a PM so we can talk more. I can wholesale you your first WTBY off the market property.