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All Forum Posts by: Austin Patenaude

Austin Patenaude has started 4 posts and replied 17 times.

Post: Cash Out Refinance Lenders

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

@Shaquille Upshaw I’m in Hartford county in the middle of pricing out my first flip - would love to chat about material / labor budgeting in your experience! I’ll connect!

@James McCard hey James - from Torrington living in Avon now, just finished first renovation. W love to catch up and talk your take on Torrington? My family is still there so I’m open to properties there - message me if interested in getting on the phone

@Mike Bonn mike, love this feedback - do you have some time to talk financing with me? Have a unique opportunity and looking to navigate my financing in a saavy manner. I’ll connect.

Post: Foreclosure agent CT

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

Looking for an agent that can help me with a potential foreclosure deal in Hartford county CT. Please reach out if you know anyone! Thanks so much.

Post: Carpet for rental unit? Yes? No?

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

@Austin Patenaude only for bedroom *** doing LVP in living area

Post: Carpet for rental unit? Yes? No?

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

@Martin Neal hey Martin, do you find in small spaces, carpet helps separate the areas (living room vs bedroom)? I have a 950sq/ft SFH/condo like dwelling and an trying to decipher between carpet vs LVP. Any thoughts? Anyone else feel free to chime in.

Post: Best Value Add Projects - $8k budget

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

Bought my first property (800 sqft detached dwelling 1br 1ba) and would like to slightly over improve to make more recession proof and create a better tenant situation. What are your best ideas for improving the look/ value of an investment, making it rental proof (or low risk as possible) and what small, minute, details do you find bring you the most bang for your buck? 

Budget about $8k overall - my initial reaction is to replace rugs in bed room and living space (may change to vinyl or laminate flooring in living space), update vinyl floor in kitchen to tile / bathroom to new tile, paint kitchen cabinets to a light bright color (and walls), do 4 recess lights in bed room (no lights currently) and do floating shelves in the living space to create more storage opportunities.

Appreciative for all thoughts and ideas about how to make my home more attractive / protected for better tenants. 

Post: CT Market Brainstorm

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

CT BP Members,

Hope you are all doing well.

Question - what is your take on the state of the residential and commercial market in your county? Where do you see momentum? What do you think is next? In CT in general?

Thoughts on East Hartford? Will it develop schools and overall community?

Will WeHa become oversupplied?

Feel free to DM me if you don’t want to reply publicly.

Strategy comes from discussion - all reply’s welcome!!

Sincerely,

Austin Patenaude

Post: Investing in Litchfield and Hartford County, CT

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

@Javier Henao Jr

Hey Javier - I’ve lived in Torrington my whole life. Taxes here are outrageous and make finding deals that make sense on paper very difficult. If you have questions of different areas in town I can definitely help you there.

Post: Condo Quantitative Analysis - Thoughts?

Austin PatenaudePosted
  • Accountant
  • Avon, CT
  • Posts 18
  • Votes 8

@Michael Noto hey Michael - the condo is in Avon. Specifically Ponds Place - what condo complexs have you bought in? Any advice on condo investing overall?

My insurance estimate was just a rough one, agree it will probably be lower, and the tax district payment is on top of the prop tax for the dwelling (land lease $500). Condo is actually 800sq ft and has closed consistent rents on MLS of 1200-1300. 2br in the neighborhood rent for upwards of 1450.

Thoughts considering this additional info?