Should You Buy An Investment Property?

33 Valley Road, Cos Cob, CT. Asking price $1,650,000. Now has deal (sold immediately).
List: Denise Rosato of Coldwell Banker
Sell: Lisa McGinn of Berkshire Hathaway

Today’s Wall Street Journal declares California has become a one-party state. As a result, it has the highest everything: highest taxes, highest regulations, highest illegal alien population, highest number of people on welfare, and, to top it all off, mediocre public schools! Oh ,and the roads are in terrible shape, and getting worse.

Can all this happen in Connecticut? Yes, by gosh, it’s happening right now! So, is it time to get out? That, old chum, is YOUR decision. In the meantime, you might as well invest in some income property, what say?

Here’s a damn good example: 33 Valley Road is a four-family dwelling, with rental income of $8,800 per month, $105,600 per year. Taxes are low (for now), only $9,783 per year. All in all, a good investment in a central location that is near everything and will always be easy to rent.

Unfortunately, it just got snapped up, so forget about this one. But there are still eight more on the market (click link below) so go out tomorrow and buy one!

Current inventory of multi-family homes.

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