All Forum Posts by: Alex Winfield

Hey Cesar, 
I think there is a lot of good advice in the responses up above.  The key is to see what options you have with financing and real estate experience and connect that to the best options that are currently in your market.  From my experience in the last 12 months in the Norfolk Virginia beach area, 2-4 plexes have jumped up an insane amount and are super competitive and hard to get.  You "can" get them and we have but just make sure it makes sense when you do.  To me, it's all about making sure you are picking up a property that will become a solid asset and investment property for you no matter what form it takes.  You just might need to be creative and open-minded.  I just assisted some young active-duty military guys that were looking for a Duplex into a single-family home with a detached garage in the back.  They will be renting out the main house per room for some friends and then rent out the detached garage to whoever.  Point is, that where you start looking and what you end up with might be a little different.  Just get that portfolio started with something that is self-sufficient, in your budget, and not in a bad neighborhood!  

My First recommendation is to get with a lender ASAP to see what you can afford and qualify for, start building your team, and then start looking at properties online that are in your budget and in neighborhoods your team recommends.   That way you can get started while you're away and be ready to potentially pull the trigger on something before or when you get into town.  


Good luck and have fun!  

Ever thought about House Hacking? Building up a portfolio of passive income with having little out of pocket costs?

Come learn from 2 local experts. They have been through or helped guide dozens of successful house hacks. From how to finance, to growing a team and finding the properties. These two will put it all out there and give you tools to become successful (for free)!

Thanks for the feedback.  I think I got as much out of Doctor Jays presentation as anybody, lol!  Glad ya'll could join us.   

Best Regards,
Alex 

ODU Econ professor is going to give a State of the (Hampton Roads) Region with a real Estate Investing twist. These guys know their stuff. These guys have joined us the last 2 years and have provided incredible insight on our market and we have always gotten a big turnout with great feedback. With everything going on in the world right now there isn't a better time to be paying attention. This is legitimate local and national data compiled for locals to understand what's going on, and if your into REI or just business in Hampton Roads/ the 7 cities You will love it. This is a Free Virtual event that I will be looking forward to as much as anybody.

#virginiabeach, #Norfolk, #Chesapeake, #Portsmouth, #Hampton, #NewportNews, #suffolk,  #Yorktown, #williamsburg, #odu, #Hopportunity, #757, 7cities 

Covid 19, unemployment, government stimulus, military funding, civil rights unrest, elections, historically low interest rates...How is this crazy world impacting our region???? Let's find out at our next Hopportunity meeting!
Learn more here: https://mailchi.mp/97dec2bdc55...

We are so excited to announce for our meeting this month we'll talking Building Your Portfolio with Phil Capron!
Join us and see how Phil Capron has aggressively built his portfolio to over 300 units in just a few years. As a former US Navy Special Warfare Combatant Craft Crewman (SWCC) turned real estate agent, flipper, and investor, Phil has a very unique ground-level perspective on real estate investing works. We will be discussing the local and regional multifamily world with someone who is investing successfully in it first hand.
Be sure to check out his book: Your VA Loan: And How It Can Make You a Millionairehttps://www.amazon.com/Your-VA-Loan-make-millionaire/dp/1707402981
https://mailchi.mp/ebd28ba6fda8/hopportunity-august-2020

Join us TUESDAY, JULY 28 at 8pm to hear more about short-term rental management from Matt Fischer! Not only does he have his own, extensive short-term rental portfolio, but his company, Tesseract Rentals, manages over 100 properties and offers turn-key service.
Join us to talk to Matt and learn all about how he did it! 

For more info go here: https://mailchi.mp/594c29653088/hopportunity-may-2661237

Sorry guys, I know I'm a little late this month, but we've got an awesome speaker so it was totally worth the wait. Carrie Copenhaver is back Tuesday, June 30th to discuss Airbnbs!

We're going to be online again this month so join us here to learn all of her wisdom!

For more info go here: https://bit.ly/3dvcERg

Sorry guys, I know I'm a little late this month, but we've got an awesome speaker so it was totally worth the wait. Carrie Copenhaver is back next Tuesday, June 30th to discuss Airbnbs!

We're going to be online again this month so join us here to learn all of her wisdom! 

For more info go here: https://bit.ly/3dvcERg

It's that time again, time to drink beer and talk about real estate! This month we'll be talking about House Hacking! For those of you that don't know, House Hacking is when you own a multi-family property and live in one of the units and rent out the other unit(s) so the renters can pay your mortgage. 

We've got resident expert Alex Winfield and he'll be joined by long-time Hopportunity member, first time speaker, Dan Macduff! Read more about them here and plan on joining us Tuesday, May 26th at 8pm! We'll be LIVE on the Hopportunity Page, in the Hopportunity Group, and on the Hopportunity Youtube Channel, just to name a few! 

https://mailchi.mp/8dcd371f2893/hopportunity-may-2020