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Updated about 5 years ago on . Most recent reply

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97
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55
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Asim Sheikh
  • Long Island, NY
55
Votes |
97
Posts

Best Connecticut town to invest in for rental income

Asim Sheikh
  • Long Island, NY
Posted

For those that still invest in Connecticut, which towns are best for rental investment income?  I have heard of some ideas in speaking with several realtors, but since they have something to sell, I wanted to get the perspective of this community.  Thanks in advance for your time!

Most Popular Reply

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432
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420
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Karen F.
  • Investor
  • San Diego, CA
420
Votes |
432
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Karen F.
  • Investor
  • San Diego, CA
Replied

It depends on what you are looking for.  There's a wide range in CT, from very high end to inner city slum.  If you're looking for the best rent return on investment, we're very happy with central CT.  What are you talking about, no recreational activities in CT?  We've got beautiful hiking throughout the state, access to beaches all along the eastern coast, Boston and NYC are in easy striking distance, a great airport with no traffic (Bradley), mostly wonderful schools, relatively low priced housing in much of the state, decent climate, a mostly liberal and tolerant social climate, and still plenty of corporate employers.  Oh, BTW, real estate investment is pouring out of NYC/NYS into CT as a result of the new law NYS passed allowing rent control everywhere, and tipping the scales even more heavily in favor of tenants.

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