Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 8 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
Brett Avelin
  • Project Manager/RE Investor
  • New Haven, CT
0
Votes |
8
Posts

Middle Aged Newbie in New Haven Ct getting his feet wet.

Brett Avelin
  • Project Manager/RE Investor
  • New Haven, CT
Posted

Let's try this again...Brett Avelin here.  LIve in Guilford, Ct, am looking to invest in New Haven CT if I can afford it.  Also looking at Wilmington NC on a tip from a friend if New Haven is too pricey (Last BP Podcast with Steve Garner from Wilmington was super helpful and full of good tips)    

Haven't found/reached out to local REIA yet, but aim to this fall. I am currently invested with a syndicate group in a 105 unit property down in GA. Did it so I could learn about the process. In truth I have found the whole thing a bit over my head and intimidating, but I think it will be a good investment as well as good learning.and I should be able to get my cash out in the next year after the refi. The people I am working with are top notch. I have enjoyed their level of professionalism, due diligence, and proactive steady approach.

Am looking to do my first deal this next year on my own.  Have been studying the Air Bnb market as my mother in law has inspired me.  She is 75 and was burning through her retirement, so now she rents a room in her apt. in New Haven East Rock neighborhood and has it rented 5-6 nights a week all year round.  The BP Podcast with the guy from Austin TX (forget his name) was very helpful regarding Short Term Rentals.  Guess I'm a bit nervous though given the unknowns regarding regulations, saturation, finding the right people to manage/clean etc in the Air Bnb market.  

Looking to have this first deal be five to ten units.  Realize it's a lot to bite off first time through, but from everything I have been reading/hearing it makes the most sense.  I have some background in construction and currently am a Project Manager so I would look manage it myself unless there is an existing Property Manager in which case I will see.

I am happily married with two kids.  We love playing soccer, swimming in the summer, and enjoying romps around New England to Cape Cod, Maine, and Vermont.  I also have gotten back into playing guitar of late and look to play out at some point for fun.

Most Popular Reply

User Stats

7,839
Posts
1,139
Votes
Michael S.
Pro Member
  • Biggerpockets Support
  • Las Pinas, Metro Manila
1,139
Votes |
7,839
Posts
Michael S.
Pro Member
  • Biggerpockets Support
  • Las Pinas, Metro Manila
Replied

Welcome to the BP community Brett and all the best on the first deal. 

  • Michael S.
  • Loading replies...