All Forum Posts by: David T.

Insurance will not cover for this event. The provision for rental income or business income in the case of a business requires "direct physical damage," i.e. fire, pipebreak, wind damage, ext. There are also clauses for "civil authority." However, once again as there is no direct physical damage insurance will not be covering this event. 

I own a condo in Brooklyn, two family in the Bronx, and three family in New Haven. Looking for partners on the next investment. Please put me on the list as would like to meet others in the area.

Thanks!

Thanks for the insightful and informative advice. So are neighborhoods like Dixwell or Beaver Hills or Fair Haven acceptable? I guess I'm wondering if this is a binary here; college grad students or Section 8 and the benefits/pitfalls of each group. Or is there a 'middle class' throughout New Haven where you can find a 'working class' demographic? Has anyone dealt with Section 8 and the bureaucracy involved in that? 

I plan on getting something in the 100-150k range in a neighborhood outside East Rock or Westville. Any other guidance would be greatly appreciated!

Thanks

Hi all,

I am looking to purchase a 2-4 family rental unit in the New Haven area; something close to Yale. I was wondering what the area is like. I have read articles stating New Haven's historically low vacancy rate. How does one interpret the concomitant articles of high crime and poverty. The rents appear to be relatively high compared to the low real estate prices. How is it renting to college students? Do they usually rent for 9 months of the year? Section 8. Are there other factors to consider in this area? High taxes, poor municipality services, crime, ext? Any information on this area would be helpful.

Thanks