Vermont Real Estate Investors Networking Meetup

Vermont Real Estate Q&A Discussion Forum
4yFollow

Vermont Real Estate Investors Networking Meetup

Ryan Fitzgerald
Rental Property Investor · Swanton, VT · Member since 2022 · 1 post · 0 votes

Hi Everyone,

I am a somewhat new Real Estate Investor in Vermont (Bought my first property two years ago). I have been searching online for a real estate investors networking group in Vermont but it doesn't seem like there is much so I would like to start one.


Even if it is just a couple people to start I think having a network of like-minded people is crucial to success.  Please comment on this post or message me directly if you're interested.

Looking forward to connecting.

0Reply
94 views

Most Popular Reply

Michael Dumont II
Investor · South Burlington, VT · Member since 2015 · 76 posts · 38 votes
4y

We have one in the Burlington area.  We have been on leave for the summer.  I am planning something something this week for the following week. Feel free to DM me with your contact as we have a email group I'll put you on.

2Reply
See this reply in the discussion

12 Replies

Jump to latestLatest
  • Michael Dumont II
    Investor · South Burlington, VT · Member since 2015 · 76 posts · 38 votes
    4y

    We have one in the Burlington area.  We have been on leave for the summer.  I am planning something something this week for the following week. Feel free to DM me with your contact as we have a email group I'll put you on.

    2Reply
  • Nathan GesnerBusiness Member
    Moderator
    Real Estate Broker · Cody, WY · Member since 2010 · 28k+ posts · 41k+ votes
    4y
    Quote from @Ryan Fitzgerald:

    Go to NETWORK at the top of your screen and you can search for other investors and investment groups in your area. You can also check meetup.com or search facebook for real estate investment groups, clubs, or meetings in your area.

    The DIY Landlord Book4.7247 Reviews
    WebsiteView Page
    0Reply
  • Shauna O'Donnell
    Investor · NJ · Member since 2022 · 9 posts · 5 votes
    4y

    I just looked in the meet-up page and there doesn't really seem like there are any Vermont groups listed in the meet-up section. I'm not in VT, but I'm looking to network with people investing in the state as I'm interested in investing there.

    Does anyone have experience with the Springfield, VT rental market? I know it's been somewhat economically depressed, but I see some attractive properties for sale would love to hear from anyone that has invested in that area before.

    0Reply
  • Darrell Lee
    Investor · Springfield, VT · Member since 2014 · 158 posts · 75 votes
    4y

    I own a few Springfield rental properties. It is a nightmare evicting deadbeat tenants, so when they are out I will only go back to AirBnb, short term rentals in the future as Vermont has laws very favorable to annual leasing tenants. It's more work, but in the past, I had good experiences, especially with travel nurses, doctors and affluent out-of-state skiers renting for a whole month or winter.

    0Reply
  • Shauna O'Donnell
    Investor · NJ · Member since 2022 · 9 posts · 5 votes
    3y

    @Darrell Lee thank you for your input, good to know that about Springfield. Have you had a lot of issues with people paying rent? Wondering if there would be an opportunity to do Section 8 housing there if properties are cheap and market rent is high enough. Just a thought and a way to guarantee at least some rent each month.

    0Reply
  • Darrell Lee
    Investor · Springfield, VT · Member since 2014 · 158 posts · 75 votes
    3y
    Quote from @Shauna O'Donnell:

    @Darrell Lee thank you for your input, good to know that about Springfield. Have you had a lot of issues with people paying rent? Wondering if there would be an opportunity to do Section 8 housing there if properties are cheap and market rent is high enough. Just a thought and a way to guarantee at least some rent each month.


    0Reply
  • Darrell Lee
    Investor · Springfield, VT · Member since 2014 · 158 posts · 75 votes
    3y
    Quote from @Darrell Lee:
    Quote from @Shauna O'Donnell:

    @Darrell Lee thank you for your input, good to know that about Springfield. Have you had a lot of issues with people paying rent? Wondering if there would be an opportunity to do Section 8 housing there if properties are cheap and market rent is high enough. Just a thought and a way to guarantee at least some rent each month.


     New VT state program called VHIP. VT will pay $30-50k per unit to rehab units and bring up to code, vacant units and will execute 5 years leases paid by the state. I just finished evicting 3 deadbeat tenants from my 3 unit property so it is all vacant. The catch is it must be vacant 90 days and winters in Vermont are expensive to heat the building so the pipes don't freeze requiring costly plumbing repairs.

    So this property may be eligible for up to $130k in grant money and rental income guaranteed by the state! This should make Vermont rental property very desirable. The rents might be slightly below market, but to have the state paying the rent would be worth it and a zero vacancy rate for 5 years will compensate. 

    Still researching this program but it looks very promising.  

    I would sell this vacant property for $250k and the GSI would be around $48-50k/yr


    1Reply
  • Hunter H.
    Real Estate Investor · Westport, CT · Member since 2013 · 26 posts · 3 votes
    3y

    Im interested in a Vermont specific group also. I've been buying and selling MF in Vermont for 10 years. 

    I sold a few buildings over the last 12 months (40 units total). May sell another 11 units that's around a 10 cap rate because I'm retiring. 

    I'm interested in talking VT real estate or meetups, feel free to DM me.

    0Reply
  • Joseph Dorwart Crane
    Member since 2023 · 2 posts · 0 votes
    3y

    Hi Ryan! 

    I'm in a similar boat. Relatively new investor, looking for other likeminded people here. Would love to connect sometime.

    Joey

    0Reply
  • Honglian Wu
    Investor · Glastonbury, CT · Member since 2020 · 14 posts · 0 votes
    3y
    Quote from @Hunter H.:

    Im interested in a Vermont specific group also. I've been buying and selling MF in Vermont for 10 years. 

    I sold a few buildings over the last 12 months (40 units total). May sell another 11 units that's around a 10 cap rate because I'm retiring. 

    I'm interested in talking VT real estate or meetups, feel free to DM me.


    Hi Hunter, Would love to connect to see what you have out there, looking to connect other investors in VT as well, especially south of VT :)  

    0Reply
  • Josh Venegas
    Member since 2024 · 2 posts · 0 votes
    2y

    I am a REI primarily flipping in NC. But i am from NH/VT and I have some properties I am wholesaling in VT. I am always on the look out for rentals in VT/NH as well. Happy to connect!!

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free