“I Am Still Doing Research”

“I Am Still Doing Research”

 

 

 

The first time home buyers, especially the millennial age group spends a lot of time doing research. Unfortunately when it comes to having that first property also being an investment, all the research in the world doesn’t replace some practical experience.

 

This client was referred by a friend and was told he should set up a time to get together with me, which will be a smart move.

 

Hi Joe,

 

I am still deciding on the details of my plan but basically I am hoping to buy either a multifamily or a single family and fix it up and ideally rent it out for income. I am still doing research to the number of bedrooms and towns I am considering but I am most familiar with the West Hartford/Farmington/Simsbury area. Not completely attached to it but as I said I am most familiar with these sections of CT so I feel most comfortable investing in these areas.

 

I explained to him that I will coach him, so that he can avoid many of the mistakes that so many make when it comes to investing in real estate. It must go back to advice that my dad gave. He would always say “The man who learns from his own mistakes is a fool; the man who learns from the mistakes of others is much smarter”.

 

What advice would you give him?

 

Image courtesy of stuartMiles/freedigitalphotos.net

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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 30 commentsJoe Petrowsky • October 15 2015 08:46AM
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