Aspiring investor in eastern CT

[Gary J.]

Hello BP! My name is Gary. I have always had a dream of being a real estate investor, but until I started seriously looking into what it takes, I thought my goals were unattainable without massive cash reserves. After browsing bigger pockets forums and listening to the podcast for the last few months I realize that my dream is quite closer to me than I previously assumed. My craving for knowledge in this subject has yet to subside. I am interested in buy and hold investing, mainly for the monthly cash flow, but I am open to other REI techniques as well. My plan is to buy a multi family in my area using FHA or 203k, and live in one of the units while we (my girlfriend and I) become accustomed to the managing aspects/landlording. And when we are ready, execute the BRRRR strategy with plans to repeat as many times as we can. For now I am here to gain knowledge and possibly connect with people from my area. I will not be ready to find a deal for about a year (just signed new lease on my current living space), allowing me to save even more. Any local events, tips, or contacts are appreciated! Thanks- Gary

[Gary J.]

@Michael Noto Thank you for your open arms. I am very interested in learning more about the CT market. There is only so much data I can look at online on the subject, it is difficult to make sense of some of it. Definitely a motivated newbie, but I am not ready to execute my first deal yet. How early would you recommend contacting a REA? I've been under the assumption that I should wait until I am comfortable with the amount of capital I have. Any reason to start looking early? Also, being the investor friendly agent, do you typically find off market deals for potential investors? That seems to be the hot ticket. Unless Connecticut is vastly different from other markets. I can't find much local information besides numbers. Any sharing of local wisdom is very much appreciated!