Hello from New Investor in Yorktown, VA (Hampton Roads Peninsula)

[Andre B.]

Hello everyone, I am a new investor in Yorktown, VA. I am excited to be here and looking forward to building my portfolio. My initial goal is to purchase two properties this year. I am focusing on the Yorktown area, but the real estate values are higher than the surrounding areas. This is due to people preferring the schools in Yorktown and the low crime. It makes it tempting to expand my circle, but there does not appear to be a shortage of rentals or properties for sale in the surrounding area. So, that is my first question: Would you recommend being patient and waiting for a good deal in my preferred community or expanding to the riskier areas? The third option is to expand out of state to Ohio. We would visit the target area for a few days, learn the neighborhoods, and build a relationship with a realtor. Although, this would cause us to rely on contractors and property management. So, that leads to the second question: Would you recommend being patient or going with the third option? At this point, we have been looking and learning for about 6 months with no luck, because our only good opportunity felll through due to a slow realtor. Well, it is great to meet all of you and thanks for reading this entire post! By the way, I think Bigger Pockets is a great resource! Thanks!