All Forum Posts by: Craig Bellot

Hey James!

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. Have you considered 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 if 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 Stefan!

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 if 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 Brandon, 

As an agent you will need to begin building your identity as a trusted advisor in home sales and purchases. I would begin with a Facebook page. With social media, or any other type of marketing you need to understand VRIN scores: V stands for value. R stands for rarity or how rare it is. I stands for inimitable and N stands for non-substitutable. Value means you are giving your followers what they are interested in. Your posts need to be reaching your audience's values. I know my audience values growing their wealth safely, so I create content that shows how we do that. People value the payoff of real estate and investing, so I post my numbers, analysis and all the great tips that my businesses have profited from. Rarity is how many other accounts are out there posting similar content. The more content that you provide that not many people get to see, the more excited people will be when they see it. It’s common sense. Rarity is the amount of emotion that people get when they see your post. Inimitable means your post is hard to recreate. It means that not only is it rare, it’s unique and genuine. People can tell when what you’re posting is trying to be like someone else. You have to be unique, so others can’t reproduce what you’ve created. Non-substitutable is similar to rarity, but it also means that what your posting is relatively impossible to be replaced by something new. You need to create timeless content, so as time goes on, your post is still relevant. If you master these, your business will grow and you will create a loyal audience, because you understand why your audience follows you and engages with you. Let me know if you have any questions!

-Craig Bellot

Hey Rosemary, 

So the first steps I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of properties in CT, Bridgeport is a good place to look at.

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 if returns there are.

If these meet your investment criteria then start looking in person.
Let me know if you have any questions.

Regards,

Craig Bellot

Hey Jose,

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 which is a good place to look to invest.

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 if returns there are.

If these meet your investment criteria then start looking in person.
Let me know if you have any questions.

Craig Bellot

@K Koski before looking at a Hartford Connecticut property I would strongly suggest you look at the Trulia crime maps to see if that property is in a 'war/drug zone'.  

Low quailty tenants and properties are usually located in these areas.  Stay far away.  

Tenant and building quality is key to avoid problems as well as your capacity to manage the tenants requests and concerns in a firm but fair fashion.

Hi @Jose Gonzalez I've been investing in CT for the last 15 years.  It is much more landlord friendly than New York City, which is why alot of investors are flocking over. 

Like Joe mentioned, finding and keeping a firm but fair relationship with the resident is key.

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 right now is in a sellers market and inventory is low. 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.

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

Let me know if you have any questions.

Hello David!

If your long-term goal is to invest in more properties it is worth it to invest in a solid property manager.
Your time as an investor is infinitely better spent analyzing markets and deals.
You want to move up the 80/20 leverage curve from technician to investor/entrepreneur.
In Bridgeport, CT the investment is about 10% of rents collected. This frees you up from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments to focus on higher leverage activities.

Regards, 

Craig Bellot

Property Manager

@Tiago Pina they are still pretty high, however there are always deals to be found.  Smarter marketing and driving around can find you deals others miss. 

We manage hundreds of units in Connecticut and I would not include mileage in the 3x rental income calculation.

Similar to overtime hours it fluctuates greatly and not a true indicator of their income unless you go back two or three years and take an average.