All Forum Posts by: Mario Bellavia

Hi Kendrick!  Welcome to BP!  I know it's been a couple of month's since your post, however I would be happy to help with any of your real estate needs or questions.  Feel free to inbox me or we can setup a call.  I'm a licensed Realtor in Stamford, CT. 

Happy New Year Bogdan!  Looking forward to reconnecting again in 2024!

 Hi Daniel!  Welcome to BP!  

Some quick pros I can think of would be:

You can buy something out of your price range if you bought solo

You have someone to share the workload

You have someone to share the expenses and bad debt if any

If you're both hands on, you can speed up any fixer upper 

Some cons may be:

You have different ideas on things (how to invest, one may want long term, one may want short term)

You have another person you need to consult with on things before making decisions 

The other person may fail to hold up to the business needs needed.

How to invest in Real Estate by Brandon Turner from BP is a great book to read to help keep the ideas flowing.

I'm a licensed Realtor, I'm in Stamford, CT.  Let me know if I can help with your first buy.  

Another option is to buy a single family with an in-law suite, it would be less money, better interest rate, and easier to sell in the future.  I live in Stamford and have had really great success.  The Stamford train station was just completely overhauled as well as Norwalk.  If you would like to talk more offline, I would be happy to assist as your resource for CT.   

 Put a juicer in the lobby with a fridge next to it full of fruits and veggies.  I would also add a weekly scheduled yoga class.  

On a more serious note, I don't think your term "vegan" is what you really mean....but something more concerning.  Secret shoppers exist, and Fair Housing exists.  Don't do something that has the potential to bankrupt you.

 Welcome to BP Sara!  I'm in Stamford, CT where I have cash flowing assets.  New London, Groton, Bristol, and Torrington have been some hotter markets recently.  Bridgeport is always an option as well and Waterbury, but they may require more hands on attention.  There are some great rental property spreadsheets out there that can help you run numbers on any property, I utilize a few.  

What would be your ideal cash flow?  Would you be ok with 6% or 10%?  Would you want $300 per month in cash flow or $1000?  Once you come up with some goals of cash flow it becomes easier to find properties and you can quickly dismiss properties that don't fit your criteria.

I'm always open to help investors.  Let me know if you would like to talk more offline.  I self manage my properties and I have a handful of clients that I manage their properties.  

 Welcome to BP David!  How has your experience been managing your duplex?

I'm down in Stamford.  I've been in the industry since 2009, I've purchased, sold, and I've invested.  I self manage my properties and have a few clients I help as a hands on property manager including commercial.  I'm always open to talk shop and help in any way I can.  Let me know if I can help in any way.  

Subscribing Steve because I also need to get out of CT to warmer weather!

A great thing about rentals in warmer locations is the tax write off abilities.  If you pre-plan it right and make 50% of it business related, you can write the trip off as a business trip.  So if you rather stay at the Ritz Carlton on the beach rather than your rental, you can.

Hi Scott, here is my CPA's info.  If you need any assistance with finding investment properties in the area, I would love to connect with you!  Welcome to BP!

Jeremy Kessler

203-515-8240

Steel Breeze Accounting & Tax, LLC
PO Box 1140 zip: 06856
42 5th Street
Norwalk, Connecticut 06855

@Greg Walsh Try to get the keys back from them, only then can you discard their things.  If they don't clean, you'll have to suck it up and clean it yourself since you gave back the deposit, or hire someone and use it as a write-off.  If they don't give you keys, they haven't abandoned nor surrendered the apartment.  30 days is a long time to wait, I suggest https://landlordlawfirm.com in Milford, CT if you need legal advice, my company currently uses them and they're great.  In the future, never return a security deposit back until you have keys, CT you have 30 days to return the deposit, especially if they pay by check each month, you want to ensure it clears.  Best of luck to you, keep us updated.