All Forum Posts by: Brenda Hedges

Yesterday I looked at a small ranch home that was priced substantially below it's assessed value. The inside of the home had mold every where, growing out of the cupboards, on the walls, the ceilings etc. The basement is obviously wet. It is a concrete block foundation and I could see leaks in the walls. The windows are in poor condition with cracked trim. Really, the only parts of the house that looked decent are the metal roof and the siding. Considering the cost of mold remediation, which would entail and entire gut of the structure, should I look at tearing this building down and replacing it with a modular? Is it worth trying to remediate that much mold? I know that ultimately I'll have to look at the numbers for both those options but if anyone has any prior experience with a home in this condition, I'd appreciate hearing what you did. Many thanks.

I'm a fairly new investor and I'm in Central Vermont. I'm learning that multi's in some of these smaller Vermont towns can be a good deal. If it's in good condition without a lot of deferred maintenance and it has a strong rental history, I'd consider it. Being that distance from the property, I'd want a good property management company. 

Two of the expenses that have surprised me while doing rehab projects are permitting fees for town and city permits and trash hauling fees for  removed building materials. I've learned to reduce the trash hauling fees by carefully removing what can be reused and offering it up on Craigslist either for free or for a low price. 

Thank you for telling your story. It helps knowing that others are out there just digging in. It looks great.

Chris,

Welcome to Vermont. I've just joined BP and am also looking to connect with other folks interested in real estate investing in Vermont. I'm located in Waterbury. There is a new group that is meeting in Waterbury. 

Thanks for the great info. Very inspiring.

vermont is a great place to live. I'm finding the real estate market here a challenging one for investing. We have a low number of foreclosures and short sales. 

The area I live in is also becoming known for the multiple craft breweries. 

Thank you for the advice. I'll check out those resources. Unfortunately, I haven't been able to find an REIA group within a 3 hour drive of me. I'm looking forward to connecting with folks on BP.

I am so excited to have found Bigger Pockets. I'd like to introduce myself, my name is Brenda Hedges and I live in beautiful Waterbury, VT. I've been a real estate agent for about three years and work with clients to help them buy or sell their primary or second home. My goals are to build a portfolio of rental properties and to fix and flip a few properties as well. I'd love to find  a group of other individuals interested in real estate investing in Vermont. I found Bigger Pockets as I was surfing the web looking for a real estate group that I cold join. I'm looking forward to networking with others here.