All Forum Posts by: Josh Caughran

Josh, welcome to the community. I am local to Hampton Roads and would be more than happy to connect. Hampton Roads has a lot to offer in the investing space. There are a couple of small meet-ups in the area as well that you can find in the event forums, as mentioned. I am a long-term single-family investor with properties in VB and Chesapeake, and as an Agent, I have helped several investors find properties. 

I will say Long-term rentals are tough to pencil in at the moment, but it can usually be done with a larger down payment. MTRs are great, and there is a lot of opportunity with the different medical facilities in the area, as well as the influx of military and the gaining popularity of MTRs among the general public, not just traveling nurses. STRs are a little trickier on southern Hampton roads . Norfolk is pretty loose on regulations, but fewer areas are desirable, and Virginia Beach has very specific locations that can be STR (Sandbridge and The Resort District). The only other option in VB at the moment is home share. If you can get into something with multiple units and live in one, you can STR the other units; just be ready to purchase something north of $1m for that strategy. The good news in Sandbridge is that the off-season is the best time to acquire a property out there and will give you a chance to get the property right before the next season starts.

Hey Josh! Love that you're interested in fix and flips, STRs and MTRs! All great investing strategies. Are you thinking of investing in Virginia?

Welcome to the show. Are you looking for your first property or do you already own a unit or more? Are you looking to build relationships in the VA Beach area? You should be able to find some meetups in the event forum here and on meetup dot com to jump start that.