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All Forum Posts by: Frederic Mileo

Frederic Mileo has started 3 posts and replied 5 times.

Post: investing in rental properties in Connecticut pls help

Frederic Mileo
Pro Member
Posted
  • Bayside, NY
  • Posts 5
  • Votes 1
Thank you all for the reply’s. I’m generally looking in Waterbury and New Britain Connecticut anything from three units to six units

Post: investing in rental properties in Connecticut pls help

Frederic Mileo
Pro Member
Posted
  • Bayside, NY
  • Posts 5
  • Votes 1
Thank you so much for reaching out. I’ll do a little bit more homework but due to your comment I I’m going to look and pursue a little bit more into Connecticut so thank you so much for reaching out... I I truly appreciate it

Post: investing in rental properties in Connecticut pls help

Frederic Mileo
Pro Member
Posted
  • Bayside, NY
  • Posts 5
  • Votes 1
Hello all, I’m a resident of New York and until my children go to college I will continue to be a resident of New York. I’ve done small deals in New York basically flipping houses on a small scale and i’ve been added as an additional investor on certain rental properties around the area. Due to these investments I now have good amount of capital to seriously look into investing in a rental property solo. Doing a lot of research I was looking in the Connecticut market. I recently was in Albany with a bunch of landlords and some small business owners talking to state senators about legislation that recently has been passed in New York that is making it extremely difficult on landlords especially with rent stabilized housing. To make a long story short New York is not only a very difficult market but it’s going to be increasingly more difficult due to my experience in Albany, where a lot of these political figures want universal rent control. My question is if anybody has experience in Connecticut and how difficult or lenient it is due to or comparable to the New York market. I know these are both blue states, but I am curious because Connecticut definitely has a wider range of a market where there’s things that are fairly inexpensive two things that could be increasingly expensive, so if there’s anybody out there that has any experience in the Connecticut market I would and love to hear anything about the legislation in the laws in Connecticut. I would really appreciate it and would love to hear anybody’s experiences or thoughts of the Connecticut market now and in the near future... thank you in advance Fred

Post: Investing in another state

Frederic Mileo
Pro Member
Posted
  • Bayside, NY
  • Posts 5
  • Votes 1

I have a passion for real estate. Living in New York City and for a few reasons I want to invest in Raleigh North Carolina. Does anyone have advice on where and how I should go about deciding on an area in raleigh? Especially since I live I New York. I appreciate any words of wisdom

Post: Where should I invest???

Frederic Mileo
Pro Member
Posted
  • Bayside, NY
  • Posts 5
  • Votes 1

Hello all,

I am new to multi family investments and this site. I was hoping for some general insight. I live in Nassau County, Long Island NY. One of the highest property taxes in the country, also the market dictates expensive prices of the houses in comparison to other location. My general question is should I invest my time and money on my first investment property where I live, to keep it close to me, knowing the expense is a higher risk, or find another location. One that's cheaper, lower risk, but adding a property management companies help. Any advice is much appreciated. I thank you in advance.

Fred Mileo

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