All Forum Posts by: Nathan Bartlett

Thank you! I will broaden my wording. I appreciate the feedback!

Looking for a tax advisor - I am currently a real estate investor and a Realtor in need of proactive tax consulting in Vermont. Any suggestions are very much appreciated.

Thank you!

Here is a  great chance to own a commercial property with space for two separate businesses. Formerly a bank there are two vaults still in the building with safe deposit boxes. Located directly beside the Post Office is very convenient and adds foot traffic exposure in addition to being on a busy state highway. Currently rented as a residence. Follow the link for full listing details:

https://stonecrestpropertiesvt.com/listing/4638163...

hway-groton-vt/

Great investment opportunity for an ambitious investor willing to put some sweat equity and creativity into a property. This is currently home to two businesses and one residential tenant. There is plenty of unused space for additional rental in either commercial or residential depending on how the new owner chooses to utilize it. The current owners do not want to be landlords and therefore have rents at a level to maintain occupancy. There is a huge potential for forced appreciation with some entrepreneurial skill and some imagination this historic property can be returned to its prosperous past.

Here is the link to view the listing:

http://neren.paragonrels.com/publink/default.aspx?GUID=aa557571-bd16-4bbe-990a-184adf052a39&Report=Yes

Hello,

  I have recently become a licensed Realtor in Northeastern Vermont, Caledonia, Essex and Orange Counties. I have been an active investor in both the flipping and buy and hold markets for years now and decided to make the leap into helping others fulfill their real estate goals.  I would like to offer my services in this region to any BP members thinking of investing in or selling properties already held here.

    This area has much to offer with local colleges, ski areas, the world famous Kingdom Trails for mountain biking and much more. Please reach out to me with any inquiries and I am happy to answer all questions about the local market and its nuances. 

Thank you, 

Nate.

@Robert Davis, I would be happy to speak with about the local market, I am still very new to investing but have done a good amount of research prior to pulling the trigger. 

@Jennifer Ricardi, I looked at a dozen or so properties before purchasing, the rents varied from $500 up for singles, $550 up for 2 beds. Keep in mind there are a lot of $70-90k properties, but after our research and weighing in on what kind of people and property we wanted to manage we bought a 6 unit on the upper part of town in really good shape with established tenants. Rents were at 500 for 2 bedrooms, so we saw an opportunity for instant added value as these are worth 650 a month easily. As for the job market there is Fairbanks Scales, The Weidman factory, and the hospital for big employers. Industry is not prevalent up here, but anybody that wants to work is. 

I saw it as a good place to start in investing, and hope to expand to larger markets myself when I am comfortable with my abilities.  I am currently looking for another 3-4 unit in St J or Lyndonville area to keep building the portfolio.

I hope this info is helpful,

Nate

Hi Wendy, I am a new VT investor, and was wondering what area your 4 unit is in? I am new at investing and am buying in the St J and Lyndonville area, but work in WR Junction so I was also starting to look there as well. Any advice is much appreciated.  

Thank you,

Nate 

Hi Katherine, we are in St J with the 6 unit, and the single family is a mobile on a rented lot. The 6 unit we closed on June 30th, so far so good, we feEl our due diligence has paid off. The mobile is actually rented to my son and his family, but we are still able to cash flow a little with a fair rent for him. The mobile was a learning lesson and a long story to go with it. I actually live in Lyndonville and love the area, I plan on buying a lot of property in the St J and Lyndonville area, and would very happy to share experiences with local people. 

Nate

Thank you Tom! Although most of the podcasts and investing forums don't directly relate with investing in rural areas I feel we have a unique opportunity to have a larger impact on a smaller community. I look forward to having similar minded people to connect with. 

Nate