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.

[Ryan Deasy]

@Eric S. new britain. that is your answer. i invest there. i spent my whole life in CT besides the last few years. i know the area well. i own a few multi-family properties there currently. i went CCSU in new britain and lived in the town for 10 years. its an incredible source of cash flow and, in my opinion, the current mayor is doing all the right things. i actually see growth happening in that town, compared to the rest of CT that is struggling. happy to help in any way i can. just let me know!