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All Forum Posts by: Mark Bascetta

Mark Bascetta has started 14 posts and replied 25 times.

Post: Connecticut: Best areas to invest in multifamily rentals????

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
@Ryan Deasy you live in Texas and invest in New Britain CT?

Post: Connecticut: Best areas to invest in multifamily rentals????

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12

Hi im a new investor looking to get into the multifamily rental cashoflow game. Im wondering which parts of the state offer the best cashflow in relation to price, taxes, clients, etc.

I live in New Britain and am a firefighter in New Haven.

Post: Need contractors referrals in ct/connecticut

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
Hi I just bought my first multifamily in New Britain Ct and need GOOD contractors referrals. Please and thank you! Gc, plumbers, hvac, electrical.

Post: Need TENANT PROOFING Advice!

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
It has a lot of hardwood floors...ive read somewhere about putting lamiate over the hardwood as it is more tenant proof and you can protect the wood for when you sell? Any tips will help

Post: Need TENANT PROOFING Advice!

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
I bought my first 3fam multi and have heard about tenant proofing before briefly. Any experience and suggestions? Flooring? Appliances? Cabinets? Bathrooms? Any input will be really helpful as I am unexperienced.

Post: Which floor of my multifamily do I live in????

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
Thank you for the reply and feedback! I figured the bottom floors could rent for more.

Post: Bought first multifamily. Should I make a LLC?

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
I just bought a 3 family house in Central Ct with Fha as my first property. My father is my partner and wants to do a LLC to protect his personal house. I do plan on acquiring multiple properties in the future. Ive seen some investors make a property management llc...why? What are the benefits or drawbacks of all this? Should I make a llc?

Post: Which floor of my multifamily do I live in????

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
I just bought a 3 family house in Central Ct with Fha as my first property. I am debating which floor is better to live in? Any experiences or suggestions?

Post: Advice for a Newbie and his first potential property

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12

Hi I just put an offer on my first multifamily and am waiting for a response. I am interested in long term holding and passive income. I have a few related questions, this deal will be FHA, but do I do a 30 year loan to maximize cash flow or do I do a shorter loan to get it paid off quicker? Any other advice for a new guy will be appreciated as I dont have any experience and this is all new to me.

Thank you!

Post: Starting out Single or Multi fam????

Mark BascettaPosted
  • Rental Property Investor
  • New Britain, CT
  • Posts 27
  • Votes 12
Ps Ryan i tried adding you as a colleague but couldn't figure out how.