@Asim Sheikh. CT is a good place to invest and my units never sit vacant. As a state Employee- I work and have worked for various large agencies with a gigantic Employee base who aren’t going anywhere at least until retirement. State benefits/pay/retirement plans almost guarantee this. Not everyone is employed so beneficially though. There are lots of CT residents who don’t have jobs in big business or professional areas who need to live in Ct and provide for their families. Moving out of state isn’t an option.
This year that has actually been an influx of out-of-state residents entering the market and establishing residency.
CT is a great place to invest. However, I wouldn’t be able to manage my own properties the way I need to living from afar unless I went with a management company. With that eating into profits- is it worth it?
You’ll have to decide what works best for you. As Someone who grew up in Long Island, I know RE prices are crazy. CT is more affordable which meant I can get in the game years ago. I guess it depends on how much cash you have to invest and what the returns would be.