Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Virginia Real Estate Q&A Discussion Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 5 years ago,

User Stats

1
Posts
0
Votes
Bonnie Lang
0
Votes |
1
Posts

Single Family Housing Investment in Williamsburg/FT Eustis, VA

Bonnie Lang
Posted

First time posting so sorry if I am missing some details.

I am in the military and will be assigned to FT Eustis, VA for the next 3 years. My husband and I have been buying and living in single family homes then renting when we move (only when the numbers make sense, 1% rule or better) I have recently been looking in the Williamsburg/Yorktown/Newport News areas and haven't found anything that looks like a smart investment based off the 1% rule.

Due to our family size (family of 4 possibly growing to 5 while we are there plus two large dogs and a cat) we are looking for a 3-4 bedroom home, over 1,500 sq/ft. I know it is a buyers market right now and the prices I am seeing are in the $250,000+ range with rents at about $1900. 

What confuses me is when I brought the topic up in a military landlord page tons of people recommended investing in that market. Are they wrong or am I missing another factor that could make this area worthwhile? 

If anyone has any recommendations on how to make this next move a smart investment please let me know!

Thanks!