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Updated about 11 years ago on . Most recent reply

User Stats

390
Posts
224
Votes
Mat O'Grady
  • Investor
  • North Stonington, CT
224
Votes |
390
Posts

New Member from North Stonington CT

Mat O'Grady
  • Investor
  • North Stonington, CT
Posted

Hello Everyone,

My name is Mat O'Grady and I live in North Stonington, CT. I teach math at East Lyme High School and I like to eat pizza.

I recently (February) purchased a four family in New London,CT and I have been renting it out. It has been working well and I figured it would be a good time to try to use the cash flow to my advantage. I am looking to purchase more multi-family properties with a goal to retire on the cash flow.

Has anyone on here been able to get enough cash flow from rentals to retire?

I look forward to learning the ways...

Most Popular Reply

User Stats

443
Posts
150
Votes
Karin Crompton
  • Rehabber
  • Niantic, CT
150
Votes |
443
Posts
Karin Crompton
  • Rehabber
  • Niantic, CT
Replied

@Mat O'Grady - small world! I live in East Lyme. Man, you work at the right place if you like pizza ... let's see, there are FIVE pizza places within a mile of the high school last I checked.

Best of luck on the rentals. I've been focused on flips but buy-and-holds are in our business plan, so I'd love to hear more about your NL property and experiences (btw, my first flip was on Montauk Ave. last year!).

Go Vikings!

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