All Forum Posts by: David Pereira

I just wanted to hear the thoughts of more seasoned investors. I currently house hack a duplex that I bought 2 years ago. I want to add to my portfolio intelligently and patiently, making sure I don’t over leverage. So my question is, if you had the money to buy a property all cash, would you do it? Not do it?

Looking forward to hearing your thoughts. Thanks in advance.

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Quote from @Mat O'Grady:

@David Pereira

I like the CT market, but it is mostly because I live here, haha. I don't think I could handle not being able to see my properties and making sure they are still standing. Faifield County is much more expensive than New London County. You could probably find deals toward Bridgeport, but you need to find the good areas.

Same here. I feel the most comfortable being local to my properties. I completely agree that Fairfield county is expensive, although rents are also higher. Bridgeport is a good market, if you’re in a good area. What I’ve noticed is that properties in good areas last no more than a week on market. What areas in New London are the best for investing in your opinion? I always try to stick with the saying “ you can change anything about a properly, except the location” lol

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Quote from @Devin Peterson:

Quote from @David Pereira:

Hello, new member here. I’m David and I live in Connecticut. I own a duplex that I bought a year and a half ago. I Want to grow my long term rental portfolio. Trying to connect with local investors that have experience in the area.

Very excited to be part of this community!

Hi David! Welcome to BP! CT is such a tight-knit state regarding the amount of seasoned investors. It is great referral network-based state. I am happy to connect with you anytime to talk strategy and learn more about your business! I'm sure I will see you soon!

Hey Devin,

thanks for reaching out. I have been wanting to learn the different types of financing that investors are using in CT. I feel like every market is different when it comes to choosing the type of financing. What type of financing do you see investors using?

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Quote from @Jason Archer:

Hi David,

Welcome, I'm an owner of a residential property management company serving mainly New London County. While I'm not an investor myself, many of my clients are, and I'm always up to talk shop.

Hey Jason,

Appreciate you messaging back. I actually have a lot of learning to do when it comes to property management. I manage my own property currently, but I’m sure that when I expand my portfolio, I will need a PM to manage everything. In your experience, how would you be able to do your due diligence for on choosing a PM company?

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Quote from @Samuel Eddinger:

Hey @David Pereira. Welcome to BiggerPockets. I started out as an investor (I own over 20 properties) but now invest and run a PM company in central CT. There are lots of great meetups that I would highly recommend you look into.

Specifically @Ryan Luby, @Brandon Rush, @Stephanie Cabral, @Devin Peterson all run great meetups and you should think about joining CTREIA which is a great opportunity to network further. DM me if you would like to connect!

Hey Samuel,

I am located in Fairfield County. I actually have been looking at the Meriden market. How does Meriden compare to other cities like Stamford and New Haven? I see properties are priced reasonably, but I am not well educated in that area. I grew up around the Fairfield county/ Westchester county NY.

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Quote from @Mat O'Grady:

Hello David,

Welcome to Bigger Pockets! It is a great source of education and networking. I am located in New London County. I am mostly a buy and hold investor.

Hey Mat.

Pleased to connect with you. I am located in Fairfield County. My wife and I were fortunate to be able to purchase a property back when interest rates started going up. How do you feel about the CT market in general? There’s really low multi family inventory around my area, and that’s not mentioning the price of properties around here lol

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Very excited to be part of this community!

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Quote from @Eric DeNardo:

@David Pereira,

It's a good question. It depends on your goals. Do you feel more comfortable with that stability? or would you like to grow faster and buy multiple rentals with your cash? I suggest seeing how much you need to put down to cash flow, you may not need to put all your cash in to cash flow.

I would love to grow quickly, but I am aware of the dangers of getting ahead of yourself and over leveraging. I don’t mind being patient and waiting long term. A worry in growing quickly is getting into the territory where I would grow too fast for me to be able to keep up.

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Hello,

I am 29 years old. My wife and I were fortunate to be able to buy a duplex middle of 2021. We live in one unit and rent the other.

I’m the near future, I might have enough to be able to buy an additional rental property cash. Now I understand that with my age, I should be using leverage to maximize investment returns. On the other hand, I can also appreciate the stability and consistency of cash flow when purchasing a property cash.

My question would be would it be smart to purchase another rental property cash in order to be conservative and use that property as my tool to go out and buy additional rentals?

Thanks in a

2 Votes

All Forum Posts by: David Pereira

David Pereira has started 3 posts and replied 9 times.

Post: Thoughts on buying multi family all cash(duplex,triplex)

Post: New Member from Connecticut.

Post: New Member from Connecticut.

Post: New Member from Connecticut.

Post: New Member from Connecticut.

Post: New Member from Connecticut.

Post: New Member from Connecticut.

Post: Need Advice for Future

Post: Need Advice for Future