First Rental property in Virginia Beach

[Adam Kan]

Hi all,

I'm a completely newbie rookie real estate investor here. I'm looking for an affordable property around the Norfolk and Hampton area VA Beach. My budget is around 230k and I'm planning to do 20 to 30% down payment at least. I'm wondering if anyone is familiar with this area and has any suggestion?

Thanks a lot y'all.

Adam

[Taylor Bishop]

Adam one of the biggest issues I am seeing with people first starting to invest is their patience is not there in a market that’s incredibly low on supply. Also not being realistic when something decent for this market does come up. Or not moving quick enough. If something decent comes up and the numbers make sense you better move on it if it’s a good deal. Being patient and being ready when something decent comes up very important. I have several rentaL properties going on the market in the next two weeks that rented well for many years. Anyways just be aware of the market and try to have an open mind of what’s going on.