Buy and hold in Connecticut: what’s working, what’s not?

[Jeff Piscioniere]

Hello BP community!

Just wondering what local CT investors are seeing in the buy and hold market? I have a 2 family in Torrington that’s had stable renters during the pandemic and has actually appreciated over the past 2 years which is rare in CT. Where is everyone seeing this market go and do you think it’s a good market to be looking for buy-and-hold rentals? What parts of the state do you see the best prospect for either future growth or overall rental stability?

Thank you in advance!

[Diana T.]

@Jeff Piscioniere

Good question- I’d be curious to hear thoughts as well. Six months ago many of us thought the sky was falling and that we’d be crazy to buy in 2020. Granted I understand we haven’t seen the end of this all, but I think the outlook is much better for those that currently hold real estate and I am personally trying to get another property in CT in the next few months.