All Forum Posts by: Craig Bellot

Hi @Nanyarid Gonzalez, welcome to the community and best of luck with your real estate journey!

I would recommend as a new investor is to get a handle on analyzing the income, expenses and ROI of these properties in Bridgeport.

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

Hey @Connor Parker, 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.

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 

Hey @Dilman R. 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

Hey @Thomas Farley 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.

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

Glad that you are exploring opportunities in the real estate realm, Krista!

Best of luck on finding the right financing solutions for you and your fiance. 

When that is set, 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.

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

Hi @Angeliki Tsitouridou,  ttry homeadvisor.com or Thumbtack. The responsive contractors will get back to you quickly.

Also try visiting the hardware suppliers in your area at 7am in the morning. Thats where you can find the serious guys!

@Manuel Salce I forgot to mention, this works well near the universities in Bridgeport where there’s already a natural tenancy for separate tenants in each room. 

Hey @Hari Krishnan, 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.

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.

Welcome and congratulations on your real estate journey, @Abbie Gibson!

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.

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

Hi @Jacob Slomski, as an investor, you need to know your numbers, cold.

Whether you hire out everything or are more involved, plan from the beginning to be able to step away from the business if you need to.

That requires careful analysis of the property BEFORE you buy, to determine if it meets your financial goals AFTER including all expenses.

If any turn key company sends you a cashflow analysis without at least TIMMUR:

1. Taxes,

2. Insurance,

3. Management,

4. Maintenance,

5. Utilities,

5. Repairs

Then run for the hills.

In Bridgeport, Connecticut and many North East regions we also include Snow Removal and Pest control.

Explore all markets but do your research, as to where net migration and jobs are heading.

Let me know if you have any questions.

-Craig