I live in Glastonbury and many of my clients are buying and selling in East Hartford and the surrounding areas.

Have your CPA run this scenario with your numbers; too much money to take advice from the internet!

What else would you do with the cash if not buying another investment property?

The agent will get paid if you buy the house, but your question to the seller is:"How can I help you?

@Tove Fox hope you find this copy & paste useful:)-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hi, We're looking to invest in properties in Detroit preferably with the BRRRR strategy. We would love to work together with a organization that sells the property and has services like rehab network, financing, prope...

- The market is in a little bit of a lull right now (buyers market), its a great time to buy, but slower time to sell (my primary business is flipping houses) I can supplement my flipping business by providing project management services/consulting, helping investors find discounted properties, etc. etc.

What you describe sounds a little like a BRRRR (Buy Rehab Rent Refinance Repeat). 

So why would we buy the cash flow at a rate of 6%?

Many people buy a house with a FHA loan and then turn it into a rental but it doesn't mean it's always allowed.