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All Forum Posts by: Leyanne Oliveira

Leyanne Oliveira has started 4 posts and replied 10 times.

Post: Bridgetport, CT Market

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

Hello All,

I have a question for any investor on BP that is familiar with Bridgeport, CT  real estate market. As of recently, my partner and I have been looking to purchase in Bridgeport and the market seems very slow. The houses are accessed very low compared to the asking prices from the sellers. I am coming from Rhode Island's RE market which is very different. I am also concerned if buying in Bridgeport is a good idea right now with how the economy has been in the past years.

Any comments, advice or experience shared would be greatly appreciated.

Also, the main focus for us is cash flow.

Thank you so much for taking out the time to read and reply to my questions.

Post: contractors in RI

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

IHello Everyone!

Post: 3Family Central Falls, RI

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

@Christopher Stobbart What's the address of the property?

Post: Newbie from Rhode Island

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

Post: Newbie from Rhode Island

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

@Joanne Chang Hello Joanne! Thanks for the welcome and letting me know about the First Home Tax Credit. I did not know about that but its another great incentive to buy in Rhode Island. I have been pre-approved by a lender but I've had  a hard time trying to get a house wholesale price. Most of the houses that have been sent to me have been mostly retail pricing from $160k-200k. 

Post: Newbie from Rhode Island

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

@Linval T. Thank you so much for the welcome and most importantly all the information. I cant wait to continue to read posts and interact with others since everyone is so willing to help. I will read up on every link you sent. Thanks again Linval!!

Post: Newbie from Rhode Island

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

Hello Everyone,

My name is Leyanne Oliveira and I'm a newbie from RI. I’m super thankful to have been introduced to BiggerPockets where I've learned so much and continue to learn every day. The opportunity to have this kind of resource is absolutely amazing.

For those in the Rhode Island area that might now know; RI has this new housing grant for college grads which is something you should take advantage of. Here’s a little info below:

The Ocean State Grad Grant:

  • is available to qualified borrowers who have graduated within the last 36 months from an accredited academic institution
  • up to $7,000 in down payment assistance
  • can be combined with our closing cost assistance

With that being said, I’m currently looking for a multifamily (triplex)  in the Providence or Pawtucket area so if you can help me please feel free to contact me.

First strategy on my way to 6 figures income: House Hacking.

Wish me luck :)

Looking forward to meeting you all!!!

Post: Real Estate

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3
Originally posted by @Account Closed:

There is no hard and fast rule about how long a cycle will last but it is true to say that the real estate market is cyclical.

There are many examples in economics, politics and nature. The conditions that lead to any one particular situation will often be the cause of a reaction to move in the opposite direction.

I know this is a sweeping generalization but it holds true in the majority of cases.

Example: The economy is doing well so people are buying houses. As more people buy houses, prices go up. Prices go up until the market is no longer able to bear those high prices (e.g. people start going into foreclosure, interest rates go up) and then the prices correct. Prices go down again and people are nervous but eventually they come around and start buying houses again. Prices go up, ... and repeat.

Thank you so much for that information Wendy!

I attended a Real Estate course which outlined  a 20 year cycle and thought maybe there was articles or books  on it.

Post: Pro memebership

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

The code 1028 for a 20% discount is available until midnight today! you also get a ton of gifts for upgrading today.

Post: Real Estate

Leyanne OliveiraPosted
  • Real Estate Investor
  • Pawtucket, RI
  • Posts 10
  • Votes 3

Good Morning Everyone,

As I continue to educate myself as well as actively look I had a question I was hoping someone could shed some light on. I took a Real Estate class which began by explaining that everything in cyclical including the Real Estate industry. Can anyone point me in the right direction on where I can find more information about this?

PS. The Real Estate cycle occurs every 20 years.