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Whatever your passion for real estate, we can help.
Dreaming of becoming a Landlord?
Save up.
If you’ve never owned an income-producing real estate, the strategy is a little different than conventional single-family purchases. Your first step—shameless plug—is to get in touch with our broker, Matthew Nolan, or an agent an express your interest. With current financing options, the entry point can be lower than you might expect. In the New Haven market, a good starting point for liquid cash would be $80,000-$120,000.
Hold on Tight.
The closing process can take several months. We’ll let you know if you’re going to get ripped off or if there’s sufficient reason to pull out. Dream big and get used to calling yourself “the landlord!”
Work with one of our Brokers.
Your first rental property doesn’t have to be a home run. Equity accrued and future refinancing options allow for riskier or more involved projects later—we wouldn’t recommend a complicated renovation project as your first property. Aim for a 5-6% capitalization rate, which depending on your financing model could be a very profitable cash-on-cash return.
We manage for you.
No maintenance calls, no leasing insanity, no wondering when your rent is going to come. We do all that for you. We’ll send all your net profits directly to your bank account, every month, via ACH. If you have any questions about a maintenance call or a utility bill, we’ll send you a detailed breakdown of every penny that passed through your property.