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All Forum Posts by: Samuel Eddinger

Samuel Eddinger has started 7 posts and replied 559 times.

Quote from @Adrian Zy:

hi

How long does it take to evict a tenant in New Heaven now


 Too long.  I'd say three months on the short end to six months on the long end.

Post: Looking for fix and flip wholesalers in CT

Samuel EddingerPosted
  • Meriden, CT
  • Posts 582
  • Votes 438

@Preet Oberoi - its very hard. For us to do this, we make relationships with every wholesaler, go to lots of meetups with other wholesalers and people in real estate in CT. We also send out mailers, cold call out of state investors, etc. We call FSBO people, look up pre foreclosures, etc.

If you want to do it, you need to be willing to put in a lot of work.  DM me if you would like to discuss this further.


Good luck!

Post: Looking for contractors in Hartford, CT

Samuel EddingerPosted
  • Meriden, CT
  • Posts 582
  • Votes 438

Hey @Bala Sri.  Welcome to BiggerPockets. I highly recommend @David Morizio .  Dave, can you help answer some questions?

Post: Rookie - Fix and flip in NYC

Samuel EddingerPosted
  • Meriden, CT
  • Posts 582
  • Votes 438

Welcome @Preet Oberoi.  I fix and flip in CT so if you would like to discuss, DM me and we can have a phone call.  The hard part on every fix and flip is to find a property with enough meet on the bone to make a good profit.

I always loved having an HELOC on my primary residence as the answer for me. That way I can use it when I need it and pay it down when I don't.

Post: Contractors, looking to connect?

Samuel EddingerPosted
  • Meriden, CT
  • Posts 582
  • Votes 438

@Marcos Gutierrez - I am an investor, flipper, and own a PM company in central CT.  I'd love to connect and understand more about what you are doing.  If interested, DM me and we can have a conversation.

Welcome @Javier Henao.  I am a property management company owner in central CT.  I always love to network with other PM companies.  Maybe we can each refer each other business.  If interested, DM me.

@Anthony Acosta - welcome.  I'm an investor, flipper, and property management company owner in central CT.  I'd love to Network.  If interested, DM me.

Post: 1st Position Heloc for Rental

Samuel EddingerPosted
  • Meriden, CT
  • Posts 582
  • Votes 438

@Dan Green - I think it is really hard to do this. Since there is a co-owner, you would have to purchase the property and it is really hard (if not impossible) to pull a HELOC as the basis for the purchase (since it is not your primary residence). You could try a DSCR loan. Perhaps @Devin Peterson can help?

Welcome @Zach McKay.  I'm a investor, flipper and property management company owner who specializes in central CT.  Congratulations on your journey.  If you want to build a large number of properties, get connected with local meetups.  @Ryan Luby has a good one in New Haven already.

If you'd like to discuss anything further, I'd be happy to chat.  DM me if you do.