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Updated over 5 years ago on . Most recent reply

User Stats

18
Posts
6
Votes
Jason Boice
  • Hebron, CT
6
Votes |
18
Posts

Anyone investing in Connecticut?

Jason Boice
  • Hebron, CT
Posted

Anyone investing in Connecticut? A lot of the deals I look at don't make money based on many of the metrics I read about on BiggerPockets due to the high taxes here. It's hard to find stuff that cash flows or to buy a property below market value enough to do the BRRRR strategy. I'm thinking this is because I am mostly searching on the MLS. I am interested in seeing if anyone else is having success in Connecticut and offer some advice about how they are finding deals. Thanks.

Most Popular Reply

User Stats

160
Posts
98
Votes
Jason Arcuri
  • Real Estate Agent
  • Southbury, CT
98
Votes |
160
Posts
Jason Arcuri
  • Real Estate Agent
  • Southbury, CT
Replied

@Jason Boice if you're focusing on higher-end towns then you're not going to get the return you're looking for.  There's always a tradeoff.  If I was you, I'd look back at Waterbury but on the outskirts.  Much higher end areas but prices are still reasonable.  300k for a 4 family that would bring in 4k a month, would def. make a profit.  

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