All Forum Posts by: Samuel Eddinger

Welcome @Tomas Falcon.  I'm an investor and property management company owner in central CT.  I'd recommend joining local meetups.  There are a bunch of great investors who are more than happy to share and network (including myself).  If interested in having a phone call, DM me.

@Taylor G. - welcome.  I'm a real estate investor in CT.  I'm happy to connect.  DM me if you would like to connect.  I have some ideas on ways to go with this.

@Cameron Marro - welcome.  I'm also a CT based investor.  Happy to network.  If interested, DM me.

@Denny Colon - welcome.  I'm an investor and property manager company owner.  I'd be happy to network.  If you are interested, DM me.

@Christina Pisacone - I'm a CT based investor.  I'd be happy to have a conversation.  If interested, DM me.

@Felicia Otoo - I'm a CT based investor.  I'd be happy to have a conversation.  DM me if you are interested.

I love the use of HELOC (when you can). The money is available for you when you need it but you don't have to pay interest on it when you don't. If you can pull the equity out of the 3 plex with the HELOC, that's where I would start. I think you could cash out refinance your condo with $90k equity since you would also get the benefit of a lower interest rate loan.

Until I explored those two options, I wouldn't do anything with the last option.

Good luck on your adventure!

I own a property management company and use Appfolio.  There is a 200 unit minimum so you are going to pay up for.  It is a good software but has a steep learning curve.

I do not know anything about DoorLoop.

As a PM company owner, the only two softwares that I would consider are Appfolio and RentVine.  If you haven't looked into RentVine, check them out.

I thought I posted here already.  Maybe my post was removed for some reason.

@Gabriel A Camacho - I'd be happy to connect.  DM me if interested.

@Isadore Nelson - Wholesaling is the only way that I've found to find solid deals right now.  With that said, CT is getting very competitive with the number and quality of wholesalers right now.  I try to make connections with all of these wholesalers so that I am one of the first people that they bring a deal to.

I'd be happy to talk about this with you if interested.  DM me if you want.

@Nupur Daruka - trying to put stated funded tenants into an HOA property is frequently a recipe for disaster. Our state does not allow you to discriminate but that doesn't mean that the HOA won't make your life a living hell.

My advice is to screen, screen, screen when you have a vacancy.  If you notice any potential warts, run far away as fast as you can.  It is better to have more vacancy up front and put in a great tenant than to settle for a tenant that has a voucher (that you would say no to if they did not have a voucher).  

If interested in talking more, DM me.  I own a PM company so I've heard tons of stories and have developed good strategies on how to deal with it.