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Updated over 5 years ago on . Most recent reply

Wesley W.'s profile image
Wesley W.'s profile image
Wesley W.
  • Rental Property Investor
  • from The Vampire State
  • Member since Apr 18, 2013
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Wesley W.'s profile image
Wesley W.'s profile image
Wesley W.
  • Rental Property Investor
  • from The Vampire State
  • Member since Apr 18, 2013
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Wesley W.
  • Rental Property Investor
  • The Vampire State
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Richmond Real Estate Forum

Anyone doing buy & hold in Petersburg or Colonial Heights?

Wesley W.
  • Rental Property Investor
  • The Vampire State
Posted

These look like cashflow markets for small multifamily properties.  Is anyone having success there with buy & hold?  How is the crime?  Are there areas to avoid?  

I would love to connect.

Thanks!

Richmond, Virginia
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Kelly Hall's profile image
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Kelly Hall
  • Rental Property Investor
  • from Richmond, VA
  • Member since Sep 16, 2016
  • Posts 22
  • Votes 31
  • Experience 7 Yrs
  • Investments 1
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Kelly Hall's profile image
Kelly Hall's profile image
Kelly Hall
  • Rental Property Investor
  • from Richmond, VA
  • Member since Sep 16, 2016
  • Posts 22
  • Votes 31
  • Experience 7 Yrs
  • Investments 1
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Kelly Hall
  • Rental Property Investor
  • Richmond, VA
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Kelly Hall
  • Rental Property Investor
  • Richmond, VA
Replied

Petersburg is a totally different market from Colonial Heights which is a total different market from Hopewell which is a totally different market from the surrounding counties Chesterfield, Prince George, and Dinwiddie. Virginia is the only state where the cities are actually standalone localities and totally separate from their neighboring county. 

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