All Forum Posts by: Kate Barry

 Absolutely so true!!  I have started to have the mindset of a tenant is a customer, no matter what amount they pay or if they are on subsidy or the type of apartment - if you scan and vet as much as possible and then set expectations, and also treat people with respect and dignity, acknowledge whenever they have an issue - you can have a really successful building

The reason that real estate to me is the best investment especially for someone just starting out with investing capital is because of the amount of control and risk management you can exercise on that investment.

You have little to no control over a stock once you purchase it, you can do your due diligence before hand on the company but then its out of your hands. With real estate the control only really comes after you purchase it. You control nearly every aspect of that asset except for market volatility, a risk that also can be mitigated as long as the property can sustain itself through a down market. Multi family properties are the only asset that does not have to be lost should the market crash - this risk can be mitigated by making sure the property can pay for itself from day one, not based on future market or rent projections (this is a red flag I am seeing now)

How do I manage the risk of a real estate investment?

** Perform diligence prior to purchasing (inspections, appraisals, title search, after-repair value, current expenses, current revenue, projected revenue (market value), etc.

**Take the time to learn how to invest in real estate (podcasts, books, Reality TV shows, TikTok, online forums, real estate networking groups, talking to your favorite local Realtor, etc.

**Have clear and meaningful goals with that investment (providing good stable housing, planning for retirement, creating generational wealth, safety and stability for mental health, tax strategies to keep more of what you earn, etc.)

Let's keep this going - what are the other risks and rewards in regards to real estate investing? 

Happening this Friday, March 10.

Join us for a fun and casual networking event for all real estate professionals as well as real estate rookies. We are here to answer questions, make connections, and help you achieve your real estate business goals.

Open to the public, RSVP is not required but is appreciated. Email [email protected] for more details.

Are you a solo agent, or are you on a team? 
Network with the agents in your area - offer to run their open houses, or show houses for them - build trust with experienced agents who may need some help with their business and would love someone with time and energy to take some things off their plate.  The biggest asset you have right now is your time, so yes you may be new and young but you can give 100% of your attention to your first few clients

I'm not in New Jersey but I get a ton of clients from there, as I am in Vermont.  If you ever need to place a referral for someone looking for a ski home or investment property, hit me up! 

I'm with eXp so we just use Workplace for referrals and I'm a part of a fantastic real estate referral network (all brokerages) using Group Me.  There are a ton of great referral networks that you can find on facebook too

Happening this Friday, February 10.

Join us for a fun and casual networking event for all real estate professionals as well as real estate rookies. We are here to answer questions, make connections, and help you achieve your real estate business goals.

Open to the public, RSVP not required but appreciated.

 That helps so much thank you!! That makes a LOT of sense

 Hi Drew - 
I have, and I think that obviously in the short term I like how it helps my property management business, but obviously in the long run more equity has the better return.  I'm just trying to think of anything I may not have thought of before that would affect my decision 

Hi there!   I am a MF Investor, property manager, and it's one of my specialities as a Realtor in Southern VT & NH.  I'd be happy to talk to you more about the pros and cons of investing here and I also host a real estate meet up every month in Brattleboro VT. 

One thing to note about the MF industry here, at least in Southern Vermont, is that you have to deal with very very old properties.  Most of the MFs were built circa 1900, and another thing to consider is that Vermont has no building codes.  Many towns don't even have Zoning - where I live and work, many of the towns you don't have to even pull a permit unless you're working on the septic system.  When investing in VT & NH I think the best strategy is the long game, buy and hold, because if you are trying to flip it can be very very difficult unless you are able to do the work yourself, and do the work quickly.  

A huge plus for our area is that rental demand is very high and inventory is very very low. So you will not experience vacancies and if you can provide a really nice property you can charge top of market value very easily. There is also the benefit of having the demand for multiple types of rentals - long term, short term & midterm. Vermont's main industry is tourism, so sometimes you can find a property that actually functions better as a STR. And you will find very little regulation and government restrictions as compared to doing this in other states, like Massachusetts!