Hi Guys my 1st post on this site

As a UK expat I’ve lived in NE US for a decade and seen a few property surges in the NY+CT area. Just starting my property venture here and seems the key is a lot of research and good relationships to locate the gems from the garbage – but getting your feet wet is the best educator.

Close friend of mine sold up from NY and bought a commercial property in Oakland, CA 3-4 years ago and has done very well but his cashflow is getting squeezed by lenders though his capital appreciation has been stellar. His summary is that the business here is fragmented, poorly administered for the most part and has opportunity if you are prepared to dedicate the necessary due diligence and contact building. Fwiw he is now more interested in the securitisation side going forward though I’m not totally convinced given the brewing crisis in repackaged sub-prime loans in CA.

Anyway I’m living in Connecticut so if anyone has ideas of income properties at the low end of the scale in my state feel free to chip into my research pile.

cheers.

c.

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