All Forum Posts by: Craig Bellot

Hi @Margarita Reyes, try 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!

Welcome to the community, @Michael Garcia!

And congratulations on your first purchase too...

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.

Let me know if you have any questions, happy to help!

Hey @Jason Cook, 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 to the community, @Raymond Greene!

There are tons of deals on the MLS in Connecticut where we invest.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Let me know if you have any questions. 

Best,

Craig

Hi @Brandon Kaplan, welcome to CT! 

There are tons of deals on the MLS in Connecticut where we invest.

I believe the key is to act quickly, know your numbers and your buying criteria .

If you know you want single families with 3 bed 2 bath, set up an alert for that and get your paperwork ready to offer once you find one that matches.

Let me know if you have any questions. 

-Craig

Hey @Nicholas Pisanelli, 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

Congratulations, @Katherine Perez! Best of luck in pursing your investor 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 @Dan Gowen, welcome to the community!

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

@Campbell Agyei welcome to the community and your real estate journey!

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.

DM me if you have any questions!

-Craig

Hi @Jesus Orbea, 

As a new  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, feel free to shoot me a message. 

- Craig