All Forum Posts by: Bryan N.

Thanks for the heads up and info.  I learned a lot about various areas of Norfolk today.  You are right, there seems to be a few areas.  Many are not up my alley. 

Yeah.  I'm not going past the tunnels.  I am focusing down to certain areas.  Just getting a feel for what is going on where.  I'm pretty familiar with the beach and Chesapeake.  I spent most of today in norfolk as I am unfamiliar with most of that area. 

Thanks Joe 

It's funny you mentioned that.  I basically ended up doing that (50% rule on duplexes) and the list narrowed down to 25.  I'm half way through the boots on the ground process (drive by of all 25 right now) and have found maybe 3 so far worth looking into.  I'll tighten my criteria to my realtor in the future to reduce the numbers more.  This has been a good lesson in knowing neighborhoods so far today.  

I've been cruising the blogs, but can't seem to find anything. Has anyone done an article on comparing the advantages and disadvantages of townhomes, SFR, duplex, quads etc?

Purchasing my first one. Goal is to purchase one property each year for the next ten years. SFR or multifamily.

That's my weekend plan!!!

Thanks Scott and Derek

All points I'm taking onboard and running with it.  I pretended to work at the office today, but really I was going through every listing.  It was daunting and educational at the same time.  My next pass will be to remove listings based on a 50-60% rule.  These are mostly duplexes.

@Scott Swink

Good point.  I am meeting with him this afternoon, so I'll confirm that is the case.  Looking at all the listings has been a good crash course in the market differences of each city.  

@Andrew LeBaron

I am keeping an eye on rehab costs as well. Some of these are pretty cheap and beat up.

@Mark Ferguson

$0 to $200K in three different cities. I wasn't expecting that amount of listings in return. I am struggling a bit to determine what criteria to help narrow it down. I am starting with ridiculous asking prices for bad neighborhoods ( the ones on the morning, afternoon, and evening news seven days a week).