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Updated about 6 years ago on . Most recent reply

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8
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1
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April Lee
1
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8
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Newbie question. What is the best way to invest in vermont

April Lee
Posted
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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110
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59
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Peter Amour
  • Investor
  • Burlington, VT
59
Votes |
110
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Peter Amour
  • Investor
  • Burlington, VT
Replied

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 :)

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