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Updated over 6 years ago on . Most recent reply

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6
Posts
2
Votes
Yoribaldis Olivo
  • New York City, NY
2
Votes |
6
Posts

Moving to Hartford, CT. Buy or rent short-term?

Yoribaldis Olivo
  • New York City, NY
Posted

Hi all! 

I am moving to Hartford, CT this fall and am currently figuring out what would be the best decision to take for short-term (2-3 years) living. I am a newbie but am interested in investing in my own place, which maybe I can later rent or profit from it. Since there are many experienced investor (hopefully with knowledge of this area), I would like to ask for any advice on locations, things that you wish you would have known, or any suggestions in general are greatly appreciated. Currently, I am looking for properties under 200K and take advantage of the FHA loan.

Most Popular Reply

User Stats

81
Posts
73
Votes
Shirley R.
  • Rental Property Investor
  • Hartford, CT
73
Votes |
81
Posts
Shirley R.
  • Rental Property Investor
  • Hartford, CT
Replied

Glastonbury is indeed nice, however, if you don't have kids in school it is not worth the price tag and definitely not the taxes. And, zero cash flow for rentals. People move to Glastonbury for the schools.

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