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Updated about 5 years ago,
Finding new properties out of state.
Hi all,
I live in Virginia Beach and it’s been very difficult to find new cash flowing properties lately for a decent price. I’m reaching out as I’d like to explore finding properties out of state. I need to find reputable agent and a broker in whatever area meets my criteria below.
Less than 250k property
20% down (50k)
Prefer to avoid HOA, but I'm not against it if the numbers work.
Up and coming cities, good job market etc
Must be in a good neighborhood/quality schools.
2-3 bedrooms
Targeting $400 a month return per month (between cash and equity). Not accounting for misc. repairs and vacancies.