Can this deal be found in Virginia Beach?

[Olga Kostrova]

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.

[Victor Hill]

@Olga Kostrova Welcome to the area. The criteria you have set will be very challenging in this market, especially in Virginia Beach and Chesapeake. Both of those markets are very similar to San Diego. If you are willing to expand your search area, you will have better luck.