All Forum Posts by: Account Closed
Account Closed has started 1 posts and replied 16 times.
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
Originally posted by @Account Closed:
@Charlie Hyatt yes... I currently have a realtor looking for a multiplex with several units so I can occupy and use it for a rental... I’m looking for a place less than $170,000 due to the fact that I already have a secondary home in Columbia, SC which is worth $174,000 and I owe $120,000 on it. It’s being rented. I just break even on it since I have my extended family living there. I am moving from Puerto Rico...I have been renting here. I have about $25,000 in liquid for down payment and closing cost. I’ll be investing 5,000 on solar battery sales in Puerto Rico to build up my cash flow... I should be getting a return of $2000 on the next investment. I also was wanting to get a fixer upper that’s either a duplex or a 4 plex that’s less than $70,000 which I could purchase with a respective loan for a fixer upper... or if there is a house for $50,000 cash only I can get a personal loan or ask some friends to pitch in the other half. Just looking into starting and not waiting too much.
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
@Craig Bellot Wow thank you so much!!!
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
I’ll look into it. Thank you!
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
@Charlie Hyatt yes... I currently have a realtor looking for a multiplex with several units so I can occupy and use it for a rental... I’m looking for a place less than $170,000 due to the fact that I already have a secondary home in Columbia, SC which is worth $174,000 and I owe $120,000 on it. It’s being rented. I just break even on it since I have my extended family living there. I am moving from Puerto Rico...I have been renting here. I have about $25,000 in liquid for down payment and closing cost. I’ll be investing 5,000 on solar battery sales in Puerto Rico to build up my cash flow... I should be getting a return of $2000 on the next investment. I also was wanting to get a fixer upper that’s either a duplex or a 4 plex that’s less than $70,000 which I could purchase with a respective loan for a fixer upper... or if there is a house for $50,000 cash only I can get a personal loan or ask some friends to pitch in the other half. Just looking into starting and not waiting too much.
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
@Jaysen Medhurst thank you for the connect meeting in Manchester, once I get settled I’ll make it to the meetings. I’ll be there first week of August...
What do you suggest for the areas in Connecticut that are increasing in population and can be considered up and coming for real estate? I’m so new at this, so forgive me for not using all the correct jargons. I’m coming from a totally different field of work.
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
@Shirley Rozenshteyn thank you!!!
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
Thank you so much @Jaysen Medhurst and @Shirley R. for your advice. I would also agree with others saying that the best places for kids to go school are also the best areas most families tend to gravitate to. West Hartford, South Windsor, and Simsbury sound very up and coming areas. I will definitely look those up. I’m so new to this and I appreciate all your inputs...I’m looking forward and excited to start in real estate. Are there any meet ups or conventions in the area? It would be nice to meet up so I can glean from those who have gone before me, such as yourselves especially in this local market of Connecticut.
@Byron Scott congrats Byron! Even against all odds. Keep moving forward!!!
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
@Jaysen Medhurst thank you so much. I have a 4 year old son, but I don’t think we will live there for too long for him to be able to go to high school. I keep hearing friends mentioning Manchester a lot.
Post: Moving to CT; Looking 4 starter duplex/triplex BRRRR Owner Ocpy
- CT
- Posts 16
- Votes 2
@Jaysen Medhurst maybe I said it wrong... I don’t want to be farther than 20 miles or 1 hour or more from there... I’ll be working there until I make my passive income my main source.