All Forum Posts by: Anthony Zeolla

Connecticut has some good areas. the city of hartford is improving. they've put a lot of investment dollars into downtown and trying to make it a more relevant city. it's still a little risky because hartford still has a ways to go, but check it out. you might find a diamond in the rough for a buy and hold. taxes are a bit on the high side but it can't hurt to look. 

Joshua if you need help feel free to reach out. there are a lot of good people on here and knowledgeable as well. we're all real estate junkies and would be happy to help. 

thanks for the diary. I'm in Avon and hoping to do my first flip soon!

Shane I've been thinking the same thing. update us along the way and let us know how it goes. by the way I commend you for getting started at age 20. a lot of kids your age haven't even figured out what their major is. 

welcome! I'm mostly in CT and looking to get into MA. I only joined 5 days ago so I'm looking forward to learning a lot as well. I'm a lawyer licensed in MA and CT and I'm also a realtor. but I'm a newbie investor. good luck!

welcome! there are a number of great resources in the network. I'm glad I joined 5 days ago!

I don't think it's a bubble, although it might resemble one in your area. '06 was different. the property values were artificially inflated nationwide. mortgages for virtually any amount could be gotten, i.e.100% financing, no proof of income. even appraisers were in on the action. mortgage brokers and lenders were making a fortune because everybody wanted a bigger house, irrespective of the ARMs and outrageous rates. lenders didn't care if people defaulted because they were passing the proverbial hot potato by bundling all those crappy mortgages and selling them to investors as mortgage backed securities. it was coined "irrational exuberance" (patial thanks to alan Greenspan, but he's a separate topic not worth exploring here). easy money created high demand for a relatively low supply. prices went through the roof. until it all crashed.

fast forward to '16. lending standards have tightened and prices are back to normal levels. interest rates are low and that's good but you actually have to be qualified to get a mortgage these days.  

if anyone sees it differently please respond. I hope this helps. 

I'm also a professional in my day job (attorney) and just got my real estate license. my objectives on BP are the same as yours. Even though we're not in the same state we can benefit from the answers to each other's questions. good luck!

Kevin. I applaud you for setting ambitious goals already and there's no reason why you shouldn't go for them. think big work diligently and get out of your comfort zone. I joined BP 4 days ago and already have learned a lot. I'm in the same boat. im just starting out in investing. I'm a real estate lawyer and newly licensed realtor so I'm hoping to apply thosex skills to investing. I'm also trying to meet people to brainstorm with. if you have any questions let me know. good luck!

not watching it. on BP trying to line up some money-making contacts and deals! much more valuable use of my time.