All Forum Posts by: Shirley R.

Sorry to have missed it. Will try for the next one. How did it go?

In Hartford in the city, though not in the worst area. Thanks

Hi fellow Hartford investors, 

I'm looking for a Handyman to install cabinets and countertops and other odd jobs. Know anyone?

My parents always said "never ever sell real estate. Ever. Unless it's to buy better real estate". To the extent that we had to promise not to sell the real estate we will inherit. My father never got to high school, but he was able to leave plenty of real estate for my mom to live off and for my siblings and I to inherit when the day comes.

Glastonbury is indeed nice, however, if you don't have kids in school it is not worth the price tag and definitely not the taxes. And, zero cash flow for rentals. People move to Glastonbury for the schools.

You're 2 years ahead of me! I decided I will buy 1 property before my 40th birthday. 

Yesterday, at 10:30 I closed on my first duplex and at noon I closed on a triplex. I will turn 40 in December, so I have accomplished my goal. It's amazing what happens when we set our mind to it.

Set your goal and go for it! Good luck!

Has anyone here applied for the property tax abatement and can shed some light on the process?

Here's a link to the page in the city's website, if anyone is interested:

http://www.hartford.gov/dds/232-development-servic...

Thank you @Jerryll Noorden  for taking the time to respond. It's very possible I'm using emotion here, cause my numbers tell me it's a good deal, but I can't let go of the nagging feeling the bank is "bluffing".

It needs a new roof now and a good clean up, but the rest is cosmetic that can wait till I get better situated and established. My research tells me it can sell for low 200s with a new roof and closer to 250s with a cosmetic rehab.

I think you're also right that closing on two properties this week is already enough on my plate. So, even though I have agreed to the new price, I might find an exit if they want to close soon. Since it is a short sale, I'm hoping it will be a long time before the bank makes a move...  

Thank you for the support!

Hi all,

I am new here and somewhat new to real estate. I am in the home stretch (fingers crossed) of closing on 2 small multi family homes in Hartford. 

I'm also waiting on a short sale approval for a third one, and that's where I feel I could use some input:

3 family home in south end of Hartford. I offered $130K a few months ago. 

Now the bank appraised it themselves and they want me to match the appraised value of $145k. 

It needs 15-20k work. Rents $800-900 per unit (3 units). Taxes $3700. Insurance $1600.

Should I up my offer to 145k?