All Forum Posts by: Alex Case

Hi @Nathan Gardner, I am not super familiar with Huntington but having a good PM should take care of the issue of finding reliable tenants.

You can find long-term reliable tenants in any market, you need a good PM, though.

As for the demographics, it could lead to long-term issues such as rent stagnation, causing value stagnation.

While the numbers are strong now, they could remain the same while the rest of the country appreciates.

That seems like the biggest risk that you will face.

Hope this helps! Let me know if I can be of any assistance.

 If you are looking for one in Southern WV send me a message, I have one that I am currently working with and really like!

Hi jon - 

As i am doing my home work and research on west Virginia I am a little  shock on some of  the real estate agents i have contacted. Not really having indepth knowledge of the area of the market and not returning calls...

so yes i would love that - I will pm you my cell, Thanks a bunch ! 

Hey Alex! What part of WV are you looking in?

Howdy! Have you tried the "Find an Agent" Button at the top of your screen?

I love WV (not just because I live here), it's a great place for STR, in the right area. Houses are pretty cheap and can offer good cash flow. Since our homes are not as expensive, if the market would take a downturn, your equity will not take such a hard hit. Like everywhere, definitely some areas to avoid, I would also screen tenants thoroughly if you are out of state. The Fayetteville WV area is a good starting point, our tourism has increased a ton due to it bordering the newest National Park!

Hey @Alex Case!

@Rodney Sums hit this one right on! 

What are your goals for buying a property currently? Also, what strategy do you intend learning/using for your first investment property?

Would love to connect more and help you nail everything down! Don't hesitate to reach out! 

All the best,

Josh

 Don't buy something just because it's cheap.  You may certainly make mistakes to learn from but they can prove to be very expensive lessons.

What price point are you seeing that is tempting you?

Here's a short list of things to consider when looking at lower priced properties:

What condition is it in? (long list of things to be concerned with here)

What kind of tenants want to rent  where the property is, and how challenging are they to rent to?

How's crime in the area?

How well or poorly have properties in this area appreciated/rents increased

What property managers will manage the property, if any?  How good are they?

Same as previous question for vendors/contractors

Hi Rod :)

I am seeing all kinds of price's in west Virginia from 20k to 200k and a wide selection.

I will do my due diligence on what town and condition and what kind of property to buy tenants and stuff like that. I am just starting this journey and have a lot of work ahead of me. But I think the key to my plan will be the property management co.