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Updated over 1 year ago on . Most recent reply

User Stats

12
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5
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Grant Smith
5
Votes |
12
Posts

Buy and hold strategies that are working

Grant Smith
Posted

Hello all,

In my past year of experience networking in Richmond, VA and growing knowledge in REI I'm finding many investors in the area seem to be wholesaling and flipping in low barrier to entry areas (Petersburg, Hopewell, East End, south of the river along Hull St) and also running Air BnB's (yet legalities here seem to be a pain with recent changes).

What areas would be recommended for lower barrier to entry price point for long-term buy and hold? It seems that most lower cost areas I'm finding correlate pretty high with section 8 or higher crime stats. Getting started my goal is to have a first property that ideally has less headache potential.

Thanks!

Grant




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