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Updated almost 9 years ago, 02/05/2016
Remote Landlording in Virginia
Hello everyone,
I had a question regarding Remote land-lording in Virginia. I currently reside in Northern Virginia, but I am looking to invest in an area where the housing costs are lower. I spent time in the Navy and I know that there is a lot of traffic of people in and out of the Hampton Roads area each year. I was wondering what some of you think about remote investing in that area. I am not far away if anything goes really bad, and I have worked it in my plan for 15% for a Property Management company. I have done a lot of research as to plumbers, carpenters, HVAC pro's, etc. Does anyone have any experience with this scenario they wish to share? I have also considered utilizing the Rental Partnership Program with the Military, as I used this program myself many years ago. Any experience with that?
Thanks In Advance
Harold Osmun