All Forum Posts by: Samuel Eddinger

Thanks @Drew Sygit.  @Kieran Collings - I'm an investor, flipper, and own and run a local property management company.  We do not manage every part of New Haven.  I'd be happy to connect.  If we are not the right company for you, we may know someone that is.

That's awesome @Abby Blumenfeld.  I'm a CT based investor myself.  You are exactly correct that every project always has a wrinkle that costs more and takes more time.  Real estate is all about getting rich slow, not quick.

I'd be happy to connect.  If interested, DM me.

@Jeremy H Barton - I'm an investor, flipper, and property management owner. I have down an owner financed deal in 2024 and still actively use a HELOC in support of my flipping. We have great investor meetups throughout the state. I'd love to connect and see how I can help.

DM me if interested.

@Edward Schenkel is a good one that I believe serves that part of CT.

Hey @Shayvonne Chan.  Welcome to BP!  There are lot of great meetups in our area.  I'm a CT based investor, flipper and property management company owner.  I'd be happy to connect.  DM me if interested in talking offline.

@Melissa Conner - I'd love to reconnect.  Give me a call sometime.

Hey @Michael Klick.  I'm an investor from CT.  

I have used HELOCs for probably most of the purchases of the properties I own. I found it to be a great vehicle while I was working a W2 job as an engineer. I even bought 3 properties in one day using the HELOC to fund the down payment on each of those purchases. I will say that during that time, the HELOC interest rates were very low. Today, you are likely to get a rate at 8 to 10 percent. I'm still using it for flips and other investments but not trying to be long HELOC loans as 10% is still expensive money.

If you want to talk more, I'd be happy to have a conversation. DM me if interested.

Welcome @Wesley Peixoto!  I highly recommend you start going to meetups.  There is a good one in the Stamford area hosted by Brandon Chisholm.  There are others from Brian Almeda, @Stephanie Cabral, @Brandon Rush, @Ryan Luby, @Devin Peterson and CTREIA.  All of these are posted on our local real estate facebook groups.

In any of these events, you will meet like minded entrepreneurs who are also looking to grow.  I attend many of them myself.

I'd be happy to connect.  If interested, send me a DM.

I highly recommend @Devin Peterson

@Marie Thomas - I do not but I have significant interest in learning more.  I'm currently flipping and have found a person looking to sell two properties that are both within an opportunity zone in CT.  

My brother was looking into it years ago.  While I don't see it on the IRS tax information, if I remember from the conversation with him, I think you have to buy properties that need significant improvement.  I was looking to figure out what that meant when looking at the IRS tax information - https://www.irs.gov/pub/irs-pdf/i8996.pdf.  

From this CT information, it looks like it is an offset against your capital gains from other property, so you would have to find investors with significant capital gains and/or have them yourself.  I'd love to connect and each of us can help figure it out together if you are interested.  If so, DM me.