All Forum Posts by: Devon Nugent

Ken, thanks for the advice. Do you have any recommendations for stucco contractors that would do work in the Groton area?

Hi Michael, welcome. check out the BiggerPockets Podcast and the weekly Webinars to get a general sense of the real estate investing. Also read the Ultimate Beginners Guide if you have not done already. Good luck.

Hello all, I am looking to make an offer on a three family Fannie Mae foreclosure with dry rot under the exterior stucco on at least two sections of the house. In one area it is bad enough that the wall move when you push on it. A neighbor told me that, that section was damaged by a fire many years ago. I suspect that the repair to the stucco was not done properly allowing water to get in behind it. The stucco on house is old and in bad shape so probably needs to be removed or vinyl side over it.

Question: If I decide to an an offer how much should I budget for repairing this and how complicated and expensive will this repair be. I am in SE Connecticut and the house is a three story, approximately 3700 sqft.  Thanks in advance.

Hello All, I am a transplanted VA member now settled in South County RI and working in SE CT. I am looking to get active in the SE CT multi-family buy and hold market to capitalize on the EB growing job market.

Looking for recommendations on experienced agents and mentors that can help me come up to speed on the market and start investing. 

Thanks,

Devon

Hello All,

The interview with EB went very well, they just made me an offer that I will be accepting after a little negotiation.

@Mat O'Grady has been understanding as my virtual guide during my trip up to Groton. Thanks again Mat. With, his help my wife and I got a laser guided tour of some of the areas that might meet our family residence and investment needs. Thank you @Kevin Scanlon for helping to make the connection with Mat.

Now we need to find a home and secure a mortgage while keeping our investments in the Washington DC area. So we are looking for leads on good mortgage brokers and/or local banks that can work with an investor with 7 existing loans. 

Thanks in advance,

Devon

Michael / Raymond /Kevin,

Thank you all for the replies, information and advice. Sound like I might do better getting my feet wet in the Groton / New London multi-family market than here in the DC Metro area. Kevin - I am fairly handy, so fixer upper are definitely a part of the plan. 

I just got an invitation from EB to come up for an interview on the 29th, so I might be joining the Connecticut BP community soon.

Thanks again,

Devon

Hello All - I am a single family buy&hold investor in the Northern Virginia / DC Metro area. I am looking at re-locating to Groton CT for work. I have been looking to move onto the multi-family market in my current area without much luck, so this move might benefit my real estate investing.

But, before I go to far down that road I wanted to get a sense of the Groton/New London market from whose how invest there.

Thanks.