Hot Markets In Conneticut to flip in New Haven & Fairfield Count

[Nelson Del Castillo]

Hello my fellow investors, what are hot markets in Connecticut (New Haven and Fairfield Counties) to flip, what markets are you currently doing rehab deals in with an ARV of 250 K or less.. Any and all input is appreciated.

Thanks, 

Nelson

C21

[Joe Almeida]

I agree with Jonathan.  Lots of investors or starting investors have jumped in during the past 18 months making it difficult to purchase potential "deals" for the right price.  Having seen these cycles repeat themselves thru the years (I've been a broker for over 40 yrs), we may be reaching a top in the single family class.  So it's extremely important to purchase potential flips/rehabs at the right price and not overpay because everyone is bidding on the same property.  Don't get me wrong, you can still make money flipping as long as you get your rehab numbers correct and don't overpay.  But it's at this time when you look for other classes of property that have lagged behind the "boom".  I suggest you pay attention to the multifamily group, especially 2-3 family houses.  There is lack of inventory in certain areas and that includes the entire state!  2-3 family houses, renovated, rented or not are flying off the shelf.  Pricing for these properties has moved up considerably over the past 6 months.