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Updated about 4 years ago,
Hartford, New Britain or New Haven?
Hello Bigger Pockets!
I am a relatively new investor. I live in Central MA and am looking for a new property(s) to buy and hold in CT.
My target tenants are young professionals. I'm not too familiar with the markets yet but research I've done suggests that the towns of New Britain, New Haven and Hartford all have a good mix of inventory and low prices coupled with plenty of amenities, night life, cafes, etc and local colleges to bring younger people to the area year after year. Of course the high crime statistics cannot be ignored in these cites, however I'm planning to buy only in the nicer/low crime neighborhoods which hopefully eliminates most of the crime risk.
I was wondering if any of you could provide feedback on comparing these 3 cities. It looks like New Britain has the best ROI, however it also has the least amenities from what I can see. The history of New Haven and Hartford lead me to believe that these major cities could make a comeback in the next 10-20 years. What are your thoughts and which city would you choose? Would love feedback from anyone with personal investing and/or property management experience in these cities.