All Forum Posts by: Stephen Cornell

NEI Real Estate Investor Meetup: meetups take place every third Thursday of the month 5:30pm-8pm at Belvedere restaurant, 82 Broad St, New Britain, CT 06053.

& 

2nd Tuesday of the month, 6:30pm in the REAR ROOM at the Thomas Hooker Brewery at Colt (140 Huyshope Avenue, Hartford CT 06106).

Thanks @Samuel Eddinger, appreciate it!

Sent you a PM!

The legislation allowing ADU's just passed recently so its brand new. Definitely an opportunity but Yes, you have to do your due diligence for sure!

There is a local real estate investing meetup that Brandon Rush hosts in New Britain at Belvedere restaurant on 3/17 from 530-8pm

I am a buy and hold investor/agent in Berlin CT and very familiar with your target areas, feel free to reach out if I can assist in anyway

This is exactly why I invest myself/help investors buy in surrounding towns but NOT in West Hartford. The properties are overpriced and the taxes are too high. You may get a higher quality tenant, and have a better chance of appreciation, but monthly cash flow is non existent.

Are you limiting your search to just West Hartford/Farmington Valley?  

I agree inventory that matches your parameters in this part of the state is almost non existent

I am however seeing properties like this in other towns/areas. You must have CASH to be a real player though. To your point these properties sell fast and rarely is a Financing Contingency accepted when any real rehab is needed.

https://stephencornell.bhhsnep...

Check out my Website and Zillow profile to learn more About Me.  I specialize in Multifamily and would be happy to help.  All of my recent multifamily sales are at the bottom of my website.  Let me know if you want to chat, thanks!

https://stephencornell.bhhsnep...

https://www.zillow.com/profile...

Connecticut recently passed legislation that allows “Accessory Dwelling Units” sometimes referred to as Auxiliary Apartments.  I have NOT read all 50 pages so do your own due diligence but my understanding is all towns and cities are automatically part of this unless they specifically opt out with local laws/ordinances. 

https://www.cga.ct.gov/2021/FC...

Hi Daniel,  I don't personally handle Fairfield county but I can refer you to a colleague of mine that lives nearby in Easton if you need an agent.