All Forum Posts by: Craig Bellot

Hey Alex,

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in CT. Connecticut in general is in a sellers market. You will need to be creative in negotiating to get the price / terms you need.

You can use the Bigger Pockets calculators to start. Right now rents are strong, you can get $800 for a 1 bed, $1100 for 2 bed, and up to $1300 for a 3 bedroom. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type of returns there are.

If these meet your investment criteria then start looking in person by contacting the listing agent.

Let me know if you have any questions.

-Craig Bellot

Hey Mathew,

Congrats on your first deal! That is so exciting. 

I would recommend as a new investor to get a handle on analyzing the income, expenses and ROI of properties in Bridgeport, CT. You want the other unit to stay rented and not raise it too much too quickly.

You can use the Bigger Pockets calculators as well as Zillow to get data and analyze a few other rental prices. 

I would discuss with a Real Estate Lawyer or Property Management company to find out the percentage amount allowable to be raised. 

Let me know if you need any help. 

-Craig Bellot

Hi William, 

What a great update. Awesome job!

It's so great learning about the ins and outs of investing and managing property. It's amazing to get up close to the action of closing and making deals.

I love that real estate is so multi faceted. The economics, financial, social and mechanical and legal make it fascinating to me.

Keep up the good work and continue to post. This is very inspiring for newbies and seasoned investors.

-Craig Bellot

Hello Aidan,

Congrats on your first deal and welcome to Real Estate Investing. 

Real Estate investing is such a great thing to be involved in. It's awesome learning about the ins and outs of investing and managing property. It's amazing to get up close to the action of closing and making deals.

I love that real estate is so multi faceted. The economics, financial, social and mechanical and legal make it fascinating to me.

As far as networking definitely look into Meetups in your area as well as searching REIA groups online. There are a ton, even if most ay be virtual right now.

Congrats again on breaking out into this new endeavor and let me know if there's any way I can help!

-Craig Bellot

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Hello Ryan, 

Connecticut is very hot right now due to the influx of people moving out of New York City. 

The first steps I would recommend is to get a handle on analyzing the income, expenses and ROI of these properties in CT. Connecticut in general is in a sellers market right now. You will need to be creative in negotiating to get the price / terms you need.

You can use the Bigger Pockets calculators to start. Right now rents are strong, you can get $800 for a 1 bed, $1100 for 2 bed, and up to $1300 for a 3 bedroom. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type if returns there are since you are out of the country.

I am familiar with the area so let me know if you have any questions.

-Craig Bellot

Hey Carlo,

Welcome to Real Estate investing and BiggerPockets.

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in the area you want to invest. I recommend looking into Connecticut, it is a very hot market right now due to the mass exodus out of the City.

You can use the Bigger Pockets calculators to start. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type of returns there are.

If these meet your investment criteria then start looking in person.

Let me know if you have any questions.

Good luck!

-Craig Bellot

Hey Sarah,

Welcome to BiggerPockets and Real Estate Investing! 

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in CT. Connecticut in general is in a sellers market. You will need to be creative in negotiating to get the price / terms you need.

You can use the Bigger Pockets calculators to start. Right now rents are strong, you can get $800 for a 1 bed, $1100 for 2 bed, and up to $1300 for a 3 bedroom. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type of returns there are.

If these meet your investment criteria then start looking in person by contacting the listing agent.

Let me know if you have any questions.

-Craig Bellot

Hello Mark,

I am an investor as well as Property Manager in CT. Looking forward to connecting with you.

A quick recommendation if you want to build your network is to look into REIA groups or on Meetup.com. Not sure if they are meeting up in person yet but meeting virtually works too.

-Crag Bellot

Hey Jamila,

The first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport CT. Connecticut in general is in a sellers market. You will need to be creative in negotiating to get the price / terms you need.

You can use the Bigger Pockets calculators to start. Right now rents are strong, you can get $800 for a 1 bed, $1100 for 2 bed, and up to $1300 for a 3 bedroom. Use Zillow and rentometer.com to get data and analyze a few from your home to see what type of returns there are.

If these meet your investment criteria then start looking in person by contacting the listing agent.

Let me know if you have any questions.

-Craig Bellot

Hello Vania, 

This is a general idea but I would recommend you try Thumbtack. The responsive attorneys will get back to you immediately.

You can narrow your search and find exactly what you are looking for that way and where you are focused.

Hope this helps!

-Craig Bellot