Investor · New Hartford, CT · Member since 2016 · 282 posts · 104 votes
Hi all,
Been reading a lot of things here and figured I should make an account. My name is Jim and I am interested in transitioning from flipping cars to eventually owning a few multifamily homes that I can rent out to bolster my income.
I currently live in New Hartford CT and rent out the loft above my garage so I am not per say a new landlord but a multifamily property will be my first real "income property". I am looking to hopefully buy something in the Torrington area as multifamily houses are more common there and more affordable.
Real Estate Broker · Granby, CT · Member since 2015 · 695 posts · 317 votes
10y
Welcome @James McCard! Use this site and learn all you can regarding buy and hold investing. If you ever need a real estate broker, I am in the area! I represent investors and buyers and sellers all over the state, but you are close!! Welcome, and I hope to meet you soon!
Investor · New Hartford, CT · Member since 2016 · 282 posts · 104 votes
10y
@Rick Santasiere where are you from? I have a buddy who is an agent - long story - but there is a small debt he owes me - so at least for the first deal I do I will probably use him. In the future I may be looking for an agent that is more geared towards investors.
I am thinking right around my birthday of next year I will seriously start looking as I am paying off all my smaller debts (except my current house note haha) and will have more money for a down payment etc then.
Investor · Litchfield County, CT · Member since 2015 · 13 posts · 5 votes
10y
Welcome@James McCard. BP is a great source for information and networking. I've done a few flips in Litchfield and currently working on a duplex in Winsted. I'm noticing there are other investors for NW CT so maybe it's time to start a meetup in our area.
If I can help in anyway, please reach out. Wishing you the best in your real estate investing.
Real Estate Broker · Torrington, CT · Member since 2016 · 12 posts · 3 votes
10y
Welcome James I'm a real estate broker in Torrington. I work with multi family and single family investors. Be happy to show you some properties when your ready!
Investor · New Hartford, CT · Member since 2016 · 282 posts · 104 votes
10y
Wow guys - I am certainly feeling welcomed. I am excited to be taking the right steps to move forward and do things the right way. My uncle is a full time landlord and my sister is in the process of closing on 2 houses on the same piece of property in her area in Maine. I told her she should join but between remodeling her house, 2 kids and pregnant with a 3rd I am not sure she has the time haha.
@Judy Yablonski perhaps you are right. I am planning on going to a meeting at Kit Crowne's place I think it is October 11th. If you would like to meet up and talk personally I would love to chat and see what you are all about and talk about your projects.
@John Petraroia - that's awesome that you are so local and know the market well. I will definitely reach out when it's time.
@Rick Santasiere - I love that area - we just went to Bushy Hill orchard in Granby this past weekend.
Investor · Litchfield County, CT · Member since 2015 · 13 posts · 5 votes
10y
@James McCard I'm not familiar with Kit Crowne. I would be great to meetup and chat but I'm working Oct. 11. Since you're in my area maybe you'd like to stop by and see the before and after . The 2 bedroom unit is almost complete and we plan to start on the 3 bedroom next week. This house didn't need major reconstruction, mostly mechanical and cosmetic updates. The house is just nasty, nasty, nasty. It was owned by hoarders.
Welcome to the Best Real Estate Site on the Net. It is always nice to see another Ct., resident in the forums. Click on the "Education Tab" at the top of the page, and you could be spending many hours on the Information that is available. Raymond