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All Forum Posts by: Rick Santasiere

Rick Santasiere has started 35 posts and replied 659 times.

Post: MA or CT Licensed Agents Hiring Now!

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

Santa Realty is hiring immediately!  We are looking for full time realtors with a minimum two years experience licensed in CT and/or MA.  We are expanding further into CT, and starting to branch into MA.  What we are looking for:

- The drive to make a difference in the lives of their customers, with the primary focus on the consumer or investor.

- The tenacity to go after HUGE goals and be relentless in the search for a greater purpose 

- The spirit to be a part of a growing and winning team, and get in on the ground floor of some extremely exciting changes within our industry

- The power to create a positive attitude in the face of challenge, adversity, and growth

We are a full service real estate brokerage and have a much more unique way to work with our customers and create value for them that goes above and beyond the rest.  Please PM me for details and to set up a confidential informal interview.

Thank you for looking at the ad, and we hope to hear from you soon!

Post: Hartford Multi-Family, First Time buyer. Advice? Horror Stories?

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316
Theresa Watson can you PM me? I have some investors and retail clients looking. Thanks! Rick

Post: Seeking Real Estate License in Connecticut (but I live in NYC)

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

@Andrew H. Please reach out to me or Alex.  Alex just recently joined the firm, and will e ramping up soon in Hartford County. Our firm is expanding into Southern CT very soon, with the potential for some new offices.   PM and connect with me and we can discuss at your convenience.

Post: New to This: Is my thinking sound?

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

@Jim Piety, @William Collins is referring to the property "class." 

Class A: These properties represent the highest quality buildings in their market and area. They are generally newer properties built within the last 15 years with top amenities, high-income earning tenants and low vacancy rates. Class A buildings are well located in the market and are typically professionally managed. Additionally, they typically demand the highest rent with little or no deferred maintenance issues.

Class B: One step down from Class A, these properties are generally older than Class A, tend to have lower income tenants and may or may not be professionally management. Rental income is typically lower than Class A along with some deferred maintenance issues. Mostly, these buildings are well maintained and many investors see this as a "value-add" investment opportunity because through renovation and common area improvements, the property can be upgraded to Class A or a Class B+. Buyers are generally able to acquire these properties at a higher CAP Rate than a comparable Class A property because these properties are viewed as riskier than Class A.

Class C: Class C properties are typically more than 20 years old and located in less than desirable locations. The property is generally in need of renovation, including updating the building infrastructure to bring it up to date. As a result, Class C buildings tend to have the lowest rental rates in a market with other Class A or Class B properties. Some Class C properties need significant reposting to get to steady cash flows for investors.

Post: Bird Dogs

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

@Stevin Murray.  I am currently working with several other bird dogs and wholesalers to help each other in our businesses.  I have some great plans and systems that we can work on together that can help you. Please feel free to message me privately, or email, text or call me any time. I have some really great options that can make this process lucrative and more consumer friendly. I hope to hear from you!

Post: New Member in Connecticut

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

Congrats @Account Closed!  Reach out any time. I am always around to share experience with newer agents. I have a new guy starting up down there in the next few months or so! 

Post: New Member in Connecticut

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

@Account Closed. Congrats on getting your license.  What broker are you going to be affiliating with?  Reach out any time if you want to chat.

Post: New Member in Connecticut

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

@Mike R. welcome to BP! Talk about living the dream man!!! Fishing Charter!! That is magnificent. I am "up North" in the Notch of CT (Granby, CT - MA border), but reach out any time to chat REI. If you are ever in the area, look me up and I will take you for coffee. If not, send me the link to your charter so I can take my son out this spring!! Glad to have another member and congrats on your decision to start investing.

Post: Lake Community Lebanon, CT

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

awesome @Craig Hansen. Nice work!!  Keep us posted. If you ever want to chat further, feel free to reach out.

Post: Property Tax Attorny in New Britain CT

Rick Santasiere
Posted
  • Real Estate Broker
  • Granby, CT
  • Posts 694
  • Votes 316

If you are looking for an attorney in New Britain, PM me and I can get you his info.  He's a great attorney, and is located right on Farmington Avenue (close to Farmington)