All Forum Posts by: Rick Santasiere

We have access to a 40 unit package of 3's, 6's, and a 7 unit.  These buildings are fully rented, and are run efficiently and clean. Cap rates are good.  Will consider splitting each unit, but looking to unload to one buyer may yield a better deal. PM me, and I can provide more information.

@Sulaiman Shah, PM me or feel free to call me. I might be able to get you in the right direction.

@Jose Bernard, congrats!  Place looks great. Now just sit back, relax and watch the rent checks come piling in!  Love seeing guys do good work on rentals. Keep it up!

Welcome @Oleg S.. Let me know if I can be of service.  I would be happy to chat with you.

@Ryan Keenan, I have some lending suggestions for you if you want to message me. I am also an investor in CT. I just sold a house a few months back on Long Hill Lane in Bethel!

@Jeff Piscioniere, I know of a great attorney who lives in Shelton and has an office in New Britain. Let's connect, and I would be happy to share his info. He has a strong focus on Real estate law. Congrats on the deal. Reach out if you ever have questions on the CT market as well. 

@Jose Castillo, I would love to hear about the deal you have in CT. PM me

@Dexter Kubi I would love to have a coffee with you. I am truly suprised that I am the first response here! Colleague request me, and you can find all my personal information (cell and email), which is always best. I own and operate a small real estate brokerage, property management company, and  work with a lot of investors, as well as hold a portfolio of our own assets. Reach out any time.

@Derek D., feel free to reach out to myself or @Filipe Pereira. We are more than happy to provide you with some assistance. @Craig Bellot, thanks for the mention.

@Cindy M. it sounds like your financing is fine. Rehab costs are definitely higher than we ever "think," and most newbies (we all did it) didn't budget well the first few times. The dirt basement and there being a dwelling down there is concerning, for sure. I would check all your local codes, and ensure each unit is up to par. A few trips to the town hall can help with some questions you may have. It is fairly common for out of state investors (especially NY) to get really excited about the thoughts of owning a MFR at prices that the C Class areas in CT offer.

Did you work with an established real estate agent in this transaction? Are you working with a good property management company? If the property is in rough shape, you might have a hard time getting a decent PM.