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Updated almost 6 years ago on . Most recent reply
Newbie question. What is the best way to invest in vermont
We did our calculations on cash flow, the best is around 3%ish after tax and depreciation. We are just new to the market, but seems like even for the most popular Burlington area, home appreciation is rarely more than 3% per year. As flipping and airbnb/VBRO not an option for us now, what could be a good way to start RE investment? All opinion will be very much welcomed. Thank you so much.
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on your first couple deals , you really can't afford to pay a property manager , you will really need to self manage and just find a good handyman for repairs . there is also no reason to not find your own tenants at first , with vacancy at 3-5% its still pretty easy . one more thing , if its a single family ,you can actually make the tenants pay water/ sewer and garbage . that will help your numbers :)