All Forum Posts by: Luke Monahan

Thanks for the pointer. Sounds like 55+ is out. I've been looking at some single-family homes in Davenport. It seems like a good area in terms of price and location. 

Do you have any property managers you recommend?

My parents are heading to FL for a month this winter. They are considering becoming snowbirds, but I don't think they would go more than 3-4 months a year. There's a lot up in the air and I was hoping there were some best practices or insider tips for making a good investment. I'm talking to a few friends for an agent, but nothing official yet. 

Ideally, I would split the property with them. Let them use it for the winter and try to rent it for the rest. I assume I'll have to do short-term (are those still alive?) rentals in that case. The FL market is not familiar to me, I would want to be in a complex with some shared amenities. Do they have on-site property managers or are they all third party?

Does anyone have any good resources for me to start on?

I was talking through a Dario with a friend and I was hoping for some feedback. 

Let’s say I have $100,000 to put down and I want a beach from property; East coast. Can I get enough occupancy with a property management company to break even, with a week of summer personal use?

Or should I put 100,000 in a safe investment. And spend ~$4000 on the vacation from investment  interest. 

Furthermore is it bad business to mix in personal use. 

@Scott Hollister I've been looking ~6 units, class c. I'm not looking to manage them myself so I think that puts me in Hartford by necessity. I don't have a definite on town. I have decent income, I only own my home. I'm not looking leave my job.

I'm just at the very tip of the iceberg and trying to learn the ropes.  I'm want to get a handle on the CT  (primarily multifamily) market. Is anyone here active in greater CT. Whats hot, whats not? Since I'm several months away form buying anything is it possible to see what a wholesaler has to offer without wasting anyones time?

I'm quite good at assimilating information so any other CT info would be welcome. 

Sorry If this is too vague.