All Forum Posts by: Mark Avery

Hi All!  

Hope everyone is having a great Father's Day and enjoying the awesome weather out there. Hi @Neil S. Great to see more like minded folks in the Danbury Area.  I've introduced myself in other forums to let you know, I'm also a longtime listener but recent caller.  My wife and I are multifamily, CT investors and are finding success reaching our goals.  Happy to be a resource in anyway I can.

Cheers, Mark

Hi @Robert Harlacher

Right now we focus on Fairfield and Litchfield counties, although doing our due diligence and looking to branch east soon.  I completely understand buying local first.  What are you reading now?

Hi @Robert Harlacher,  Welcome to BP!  My wife and I are multifamily investors in CT and are finding success meeting our goals.  Let me know if you have any questions as you get started, happy to help!  Keep reading and reading.

@Marc Knapp,  Thank you for asking.  That's interesting that you bring up Hamden, my wife and I were discussing and investigating the area recently.  What we/I saw (of course by no means definitive and open to discussion) is a stable rental base with most rents coming in at (or very close to) asking and units staying on the market for an average of a little over a month in the last year.  Current rental market is approximately $1.35/sqft for residential.  The two big factors for Hamden (which isn't unlike much of CT) is the age of the buildings, specifically most of the multifamily buildings in Hamden being close to 100 years old or older, and the taxes (whew, those taxes).  I agree with @Jeffrey Marcelus there are good and bad areas and you can get good rents in the area but the numbers have to keep those taxes in mind.    Also @Rick Santasiere brings up the excellent point of working with agents who are investors/landlords/property mangers to find the best tenants.

Hope this helps.  Let me know what you think.

Hi All,

Great to hear about folks interested in expanding into CT.  My wife and I are multi-family investors in CT and are having success reaching our goals.  I'd be happy to discuss areas and options more if you'd like?

Cheers!

Mark

Hi All,

Long time listener, first time caller.  Looking forward to attending my first meeting and meeting some great like-minded folks.

See you there!

Mark

Hi Will,

My wife & I are multi-family investors in CT and we've found success meeting our goals.  I'd be happy to chat more if you'd like.

Cheers,

Mark