All Forum Posts by: Mariel Fink

Hello,

I am just starting out (this is my first post!) and looking to buy my first single family property. I had started by focusing on areas in the West End (Short Pump, Tuckahoe Village, Wyndham, Innsbrook & Glen Allen etc) looking for properties in good school districts where I could focus on attracting young families, looking for good school districts that did not have the down payment to buy in to the neighborhoods.  I have started analyzing A LOT of properties, and I just can't find anything that will cash flow.  I understand now that this is likely because I am looking in areas that are too 'nice' that are selling at a premium, and I need to focus on towns a tier down from there.  Is this correct?  If so, any advice?  I am new to the Richmond area so don't know the Counties well - any suggestions on areas to look to find properties with better deal economics?  I don't want to go below a Class C neighborhood, as I want to ensure I can attract dependable tenants in an area that is safe.  If I am doing something else wrong any other guidance would be greatly appreciated as well!

Thank you for any advice!