Investing in Vermont
Hey all couple of questions.
I have posted about Vermont investing a good amount and have yet to buy an investment property. I’m looking in St.albans and Swanton for the most part. It is seeming very hard to find any property that is priced even close to where it would cash flow. Every property seems to be way over priced at this time, anyone else finding the same problem? Anyone looking in other area? Or does anyone have any experience investing for buy and hold in like Rutland area or Enosburg area?
Second part of this is I just closed on my first house not for rental property but a SFH as my full time resident, how will this effect my trying to get rental property? The mortgage company said to not take out any big loans for 12 months, any tips?
Thanks!
Most Popular Reply
The Barre area definitely has cashflowing properties on the market. I've got 7 units in town and clear about $250 per door. If distance is an issue there are some great property management companies in the area. I've got my real estate license, let me know if there are any that you want the listings/docs for and I can send them your way.