Anyone here in CT? What towns are you working in? What’s your strategy? I’m in Bristol and getting started in my local area because I know this market best. Just curious who’s around here.
Rich:
I am in Agawam MA, The town next to me is Suffield CT. I do rehabs, buy multifamilies, look for distressed properties, and more. I actually am about to close on a run down plaza in my town, its four commercial units. The added bonus is it comes with a liquor store, so I am acquiring a business too.
I think there is a lot more opportunities here (Springfield) then in CT. I have a lot of people call from CT wanted to invest here.
Let me know if you want to talk sometime.
I have glanced over some of the buildings for sale in Springfield, there seem to be some decent deals up there. I will probably branch out to that area as time goes on, its only 45 mins from me (I’m in Bristol). For now I am going to stick with the area I know best and when I feel comfortable get farther away from home. Good luck with the liquor store, liquor is one hell of a business (good in any economy…and the more depressed the economy the more the need for liquor it would seem).
I’m in Enfield…and always looking to talk to other investors in the area. I also might have a deal for you in the bristol area. I got a call the other day on a property down your way.
Bridgeport is the place to try to find a deal. It is not cheap but the least expensive in Fairfield county. It is unbelievable the amount of people moving from NY into Fairfield county because it is affordable to them, Stratford /Bpt line as well. There are tons of multi-family homes there. Many are old and need repairs.
I also have a buyer who is looking in that area. I will be more than happy to pass his info your way.