Join us for Part II of our Investment Series:

The Best Strategies forFacilitating a Tax DeferredExchange (1031 Exchange)

What we'll cover:

• Are Capital Gains Keeping You from Selling?
• Create more cash flow
• Ways to re-position, and trade up, your real estate holdings
• How to preserve your equity
• How property owners use 1031 Exchanges to meet real estate portfolio objectives

Patricia Flowers,Assistant Vice President forInvestment Property ExchangeServices, Inc. (IPX1031) of Boston, has been facilitating IRC Section 1031 tax deferred exchange transactions forinvestors and their advisors since 1998. Patty has been in the real estate industry for over 18 years. A member of various industry associations, she has been awarded the Certified Exchange Specialist (CES) Designation through the Federation ofExchange Accommodators, Inc.

If you have been watching the news, reading the paper or listening to the radio you have probably heard nothing but bad news about the real estate market. Fortunately Real Estate is a local business and the Burlington Area Multi Family Market remains strong. Check out the Summer 2011 Northwest Vermont Report provided by Coldwell Banker Hickok & Boardman. This report looked at the months of May through August and broke the report down by towns, areas and segments of the market. In the multi family sector the average sale price in Chittenden County for Multi Family properties increased 17% from $267,485 in 2010 to $314,017 between May and August in 2011. The average days on market also decreased from 97 in 2010 to 78 days in 2011. Contact Us if you are considering buying or selling or if you would like to learn more about the local market.

In Freddie Mac's 2011 Economic Outlook they reported an increase in households across the country that are choosing to rent rather than own. This article in Housing Wire talks about how the rise in rentals is positive for the Multi Family market. "In the year ending June 2011, the Census Bureau reported a net increase of 1.4 million households that moved into rental housing, a 4% rise in the number of tenant households." With this increase in households moving into rentals and the low vacancy rate in Chittenden County, now may be a great time to purchase an investment property. While many people immediately think about Multi Family properties when they hear about rentals, single family homes and condos can also be a great investments. Contact Us today to talk about some of the advantages of owning an investment property and capitalize on the increased demand for rental housing.

Each Quarter we will try to update you on the market activity in Chittenden County for Multi Family Properties. Below are some stats as well as Multi Family properties we have sold so far in 2011.

Current Active Listings: 58 New Listings in the Last 9 Months: 92 Sold Listings Past 9 Months: 46 Average List Price: $336,663 Average Sale Price: $318,335 Currently Pending Listings: 11 Of the 46 closed sales: two were 5 units, seven were 4 units, twelve were 3 units and 25 were duplexes. Of the 46 sales Steve Lipkin was on 14 of the sides, more than three times any other agent, either representing the purchaser or seller. If you are considering buying or selling a Burlington area Investment Property put Lipkin Investment Properties 12 plus years experience to work for you!

From the boat launch & docks at Perkins Pier to waterfront drinks and dining at Breakwaters and Splash the Burlington waterfront is truly a magical spot.

http://www.youtube.com/watch?v=HC0R7hA57sU

Buying or selling a multi family property in today's environment poses a unique set of challenges above and beyond those of selling a single family property. Most municipalities have requirements that investment properties meet certain codes and minimum safety standards before title can convey. Some of the other issues we have seen come up lately include: - Appraisal Issues - Fire Safety - Building Inspections - Tenant Relations - EMP/Lead Paint Compliance Here is testimonial from one client relaying her experience while working with us to overcome some of these obstacles. http://www.youtube.com/watch?v=Zp9nR_u766A If you are considering buying or selling an investment property why not work with the team that specializes in multi family sales! Click here to see what other clients have to say or search the current multi family inventory.

As we hit the midpoint for 2011, here are some year to date Multi Family Sales statistics for Chittenden County. Current Active Listings: 58 New Listings in the Last 6 Months: 62 Sold Listings Past 6 Months: 25 Average List Price: $354,048 Average Sale Price: $334,617 Currently Pending Listings: 9 Of the 25 closed sales: one was a 5 units, five were 4 units, nine were 3 units and ten were duplexes. Of the 25 sales Steve Lipkin was on 8 of the sides, representing the purchaser or seller. If you are considering buying or selling a Burlington area Investment Property put Lipkin Investment Properties 12 plus years experience to work for you!

As Ive worked on this Website, many clients, business associates, and friends have asked me the same question: Why create a real estate website focused on Burlington area Multi-Family Investment Properties, and why now? In my first blog post, I want to explain the goal of my site and how I hope it may assist current clients and future real estate buyers and sellers. When I joined Coldwell Banker Hickok & Boardman in 1998, I quickly realized that I enjoyed working with Multi-Family Buyers and Sellers. Specializing in investment properties allowed me to combine several aspects of my pre-real estate career capital equipment finance and restaurant owner/manager with my interests and background in construction. Ive been so fortunate over the past decade to work and live in a city I love, and to be able to help hundreds of clients achieve their real estate goals. My goal for this site, then, is not only to provide buyers and sellers with information on the latest listings, but also to provide resources for investors. This website (lipvt.com) was created to help investors analyze properties and keep informed on issues ranging from tenants regulations to zoning and code enforcement issues. As for the why now part of the question, I felt it was the right time to debut a Burlington-area Website with a focus on multi-family properties. The local market has weathered the 2008 slowdown, and appears poised to resume the steady solid growth of past decades. I believe the timing is excellent to invest in Burlington area real estate. So whether you are a first time buyer or a seasoned investor looking to shift/adjust or add to your portfolio the time to invest in Burlington area real estate is now. Thats not to say that Lipkin Investment Properties doesnt work with clients who are buying or selling single-family homes. My business partner Luke Clavelle and I have a passion for real estate and homes for sale, regardless of whether they are single-family homes or investment properties. Please take a look at our site, and if you have questions or would like more information on a topic, please contact me.