Central Connecticut Strategy?

[Eric S.]

Hello and thanks in advance for anyone willing to respond to this. After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.

This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.

Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.

I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury. I also am focusing here because its not far from me ;)

My question is has anyone had success in this area and if so, what strategy has it been? Again in my limited knowledge it seems like multi-family has the better numbers but I could be wrong. I'm basing what I see off the 1% rule for SFH, and cap rate values based on 50% rule for multi-family.

Again thanks in advance.