Details on Charlottesville market?

[Justin Kramp]

Looking to buy RE within the next two years in Charlottesville, VA. Currently working on getting some private investors together for that and networking.

If you’re in this market, I’d appreciate any insights into the current status and projections for the future, from pricing, off-market deal finds, etc. Any info you have is welcome!

Thanks in advance and I’d love to connect with other investors in this area!

[Tom Fisher]

Opportunities can be found in Waynesboro,  just over the mountain to the West and about 45 minutes from Charlottesville. Greene County to the north and Louisa and Orange Counties to the east are growing too. Charlottesville has been seeing growth in tech, research, retiree, tourism and urban flight demographics. Its is not just UVA students and faculty anymore.  People have to look outside of Albemarle County and Ch-ville to rent homes under $650 a bedroom.   Google Charlottesville Economic Development and select Business Data.  I've been buying in the area since 2015 but am now building rather than searching for the high priced mediocre properties that come up and would not cashflow.  I did find a 3 bedroom 1 1/2 bath fix-up auction property last year for $107K and there are still vacant places that could be pried from Owners by driving for $$.