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Updated over 10 years ago on . Most recent reply

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9
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5
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Michael Henry
  • Brooklyn, NY
5
Votes |
9
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Hello from NY and CT

Michael Henry
  • Brooklyn, NY
Posted

Hi everyone, just getting the spine to post here after reading so much. I am from Brooklyn NY born and raised but would like to invest in the Fairfield county (Bridgeport, Norwalk) area and New Haven area. I lived in Bridgeport for about six years so I know a little about that area. My ultimate goal is to flip/rehab houses but will probably start off wholesaling. So that's it but anyone out there who wants to talk or ask questions just shout!

Mike

Most Popular Reply

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443
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150
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Karin Crompton
  • Rehabber
  • Niantic, CT
150
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443
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Karin Crompton
  • Rehabber
  • Niantic, CT
Replied

Welcome to BP, @Michael Henry

As for Bridgeport, I have a friend who owns quite a few rentals there and does very well, particularly w/Section 8. He likes the area b/c there are tons of service jobs, plus a number of colleges in the vicinity whose employees would have a hard time purchasing in Fairfield County, so the rental market is a vibrant one.

I can't speak to flips in Bridgeport specifically, but as a general rule I figure if you price it right and make sure the monthly payment appeals to most buyers, that's how you overcome the high tax issue.

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