All Forum Posts by: Ben Baci

Jimmy have you received any feedback on your last question here, whether Hampton Roads is overpriced? It's a tough thing to judge since a lot has to do with predicting the underlying economy and future potential.

I'm very interested in the underlying economies, seeing if they'll continue to improve over time and be less dependent on the military budget. I'm just trying to look ahead to see how the area will react when we have another economic pullback. Been reading over past real estate market analyses from Portsmouth and downtown Hampton and trying to gauge how much has changed/improved since they were published.

I plan to start purchasing multi-fams in the area early next year, taking the rest of the year to research.

Thanks all for the phenomenal local area insight!

Chris,

Thanks so much for taking the initiative! I have added this to my calendar. Personally, I have an overseas trip (work) that may or may not preclude me from attending, but I hope it will work!

Also interested

Definitely can commit. Alexandria VA, free evenings on Mon/Wed/Fri. Im willing to drive.

Where do we stand on this so far? 

@Jimmy Nguyen have you seen any areas that might offer rental opportunity? I'm in Alexandria, interested in the same thing. 

@Russell Brazil What are your thoughts on the casino being built do you think the area is already bought out or do you think there might be an opportunity with all those employees to find rental units when it comes online? It is located on the river as you mentioned before

@Justin Pierce could you please message me that info as well? I'm in Alexandria.

Also, please post again when you see more of these REI meetings, I will attend as well.

Thanks!

Thanks @Carson Sweezy and @Russell Brazil that's really good insight into the multi family market. Doesn't look like it's worth sinking a lot of effort into that investment vehicle at this point. I'm sure opportunities will pop up occasionally, but for me that's too big of a region for me to become an expert in, it's not localized enough.

What investment strategy(s) do you see in the area that will produce cash flow in the next 5-10 years? I will keep looking at the forum for this info as well.

Thanks again to everyone for the greetings!

Thanks all for the speedy welcome (and sports jabs)! I will certainly reach out, thanks and happy new year!

@Ben McMahon and @Russell Brazil: Do you recommend any areas in VA south and west of here within a 2 hour drive for better multifamily value opportunities without having to be essentially a retail buyer up here?

Thanks! 

Hi! I have lived in the area a few years now, and I plan to be located here for the foreseeable future. I grew up south of Boston towards the Cape, family on Long Island, and have spent some time in Harrisburg, Philly, Phoenix, and northern Texas, picking up loyalties to the Redsox and the Redskins along the way. Uncle Sam is my employer (until I achieve my freedom number of course) - pretty common in these parts.

I am completely new to REI and spend each day chipping away at the mountain of knowledge on this site, the BP podcasts, and some books I own. I think I would like to get started with a multifamily (4 units max) so I can utilize my VA loan and acquire solid cash flow. I am trying to find current resources that will show what districts/regions are most conducive to this, if the market is oversold, what the near future entails, and if it's even a wise choice at this time and in this region (perhaps I should look further south for instance). Rehabbing does not pique my interest at this point, but if it's the way to go, I am open to it.

Thanks for your time, this is exciting for me - I love to work a project, meet new people, and learn new things. Cheers!

Ben B.