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Updated almost 4 years ago, 02/25/2021

User Stats

66
Posts
10
Votes
Olga Kostrova
  • Investor
  • Virginia Beach, VA
10
Votes |
66
Posts

Can this deal be found in Virginia Beach?

Olga Kostrova
  • Investor
  • Virginia Beach, VA
Posted

I am out of the area (for now, moving to VA soon) and looking for a cash off-market deals with the following criteria, and wonder if in this market those could be found:

- under $120K

- needs only cosmetic renovation ($10K investment or so)

- 2+bdr/2+bathrooms (ideally 3/2)

- 1500+sf

- ideally built after 1980 (to avoid environmental inspections)

- not in flood zone

- in a safe middle class area

- Virginia Beach or Chesapeake, maybe some Norfolk but in better areas 

If I look at MLS, of course everything is much higher. But are there some off-market opportunities can be found these days and what are the easiest ways to find them?

I am a new investor, so would appreciate some advise.

I want to develop a portfolio of rental properties - buy first one for cash, rent it and then use it to get a mortgage for the next one. Is it Brbrbr, I assume?  (sorry, I did say I am newbie in this).

Thank you very much, guys.  

P.S. Since I am going to move to VA would be happy to connect with anyone who can offer any advise, so please don't hesitate to connect with me.

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