New member introduction

[Noor B.]

Hi everyone. My husband and I are just starting out and are reading bigger pockets, learning and trying to save for our first buy and hold property. Bigger pockets has been an amazing resource so far and I am obsessed with reading all the articles I possibly can. This is my first post.

We are in the Fairfield, Connecticut area and are not sure where to start looking for a good cash flow area that is not too expensive to start out in and that cash flows. We have looked at the Bridgeport, Norwalk and Danbury areas but are not really sure if CT is our best option. Also concerned with the fact that CT has tenant friendly laws and some areas such as Danbury have had population decreases in recent years. Isn't that what investors generally try to avoid? We would prefer to manage our own properties at least in the beginning and the idea of buying turnkey out of state seems too good to be true in terms of returns and risk. We have been meaning to go to the CT REIA meetings but just have a lot going on with 2 small children and my husband's work schedule. (I'm home with the kids). But hopefully this fall we will make it to one.

We are not totally against the idea of moving to a less expensive area that is better for investors and my husbands job could be transferred to Orlando or ft lauderdale.

Our goal is to buy cash flowing SFR and multi family properties for passive income.

Would love to meet and/or hear from some successful investors in the CT area.

Thanks,

Noor

[Mehran K.]

Welcome to BiggerPockets @Noor B.!

Your concerns on population decline and landlord/tenant laws are smart ones! One of the biggest reasons I invest outside of my state is because of the landlord/tenant laws. An uncooperative tenant can take anywhere from 6-18 months to evict here in my area!

Marco's quote is a great one, I agree.