All Forum Posts by: William Hollis

@Sri 

@Sri Popuri I'd say your question is a little broad. Fairfield County and especially high rental cities like Danbury and Bridgeport (my current market) have micro markets. So it's not possible to answer you're question definitely. I will say I find in Bridgeport not all properties quite meet the 1% rule due to higher purchase prices and property taxes for MFH. However that doesn't mean they don't cash flow well. Take the time to become an expert in your market and you'll have certain success!

Those are good areas as you'll see lower property taxes than you will in lower FfC. I don't much about renting in the Bethel area, but in Danbury if you screen your tenants thoroughly you should be able to do well!

Probably goes without saying but make sure you get a good deal. Otherwise it will be hard to cash flow due to the higher prices and taxes. Any cities specifically you're looking to invest in?

@Frankie Paterno what’s your 3 year goal? I’m grew in NY in Queens. I do business in CT now. DM me if you want to network.

@Brian Eastman thanks for the explanation! That makes perfect sense.

@Brian Eastman very helpful comments! Piggybacking the OP, any cash flow received from a property purchased with an self directed IRA would go back into said account then?

Could self directed IRA funds be used as a down payment on an investment rental property? And are there any issues with refinancing properties purchased in this way?

You should really have your ARV calculated before you even have a contract with the SELLER. Once you have the property under contract a buyer will likely want to run their own numbers which may involve a contractor looking at repairs.

Not a veteran by any stretch, but I'd also point out that your Purchase Price and ARV are the same. Never pay full price!

 Interesting. I've been told by some brokers that LLCs get higher interest rates on loans. Is that not true?