All Forum Posts by: Damien Davis

Jon

In Connecticut you really want to stick to C plus to b neighborhoods. Start running calculations on your numbers and you will see some areas which can work. Do you have to say that your analysis of house hacking fails to consider where you become a tenant in one of the units that has additional units that you rent to other occupants? For example, in the town of Manchester there is currently a quadplex for sale on Bissell St. This property is one that I have been considering buying. A 2 bedroom unit in the town of Manchester with parking is currently renting for between $1250 to $1500. This is per unit. Let us assume that you bought the fourplex and lived in one of the four units. You would then be able to rent out the remaining units for $3750 at the minimum up to $4500 at the Maxwell. You could pay for a property manager to manage the property while you are the owner. Please have the type of properties that you need to start looking at. Making some assumptions on this quadplex it would finance approximately $3000 per month including insurance and taxes.

Welcome @Damien Davis!  Experienced flipper, investor and property management company owner here.  Happy to have a conversation.  DM if interested.