All Forum Posts by: Sean Ploskina

Welcome to the area! I agree with Aaron that the income is higher in Norfolk; however rents are similar and in my research the prices are cheaper in Portsmouth. In both you will have to do some real digging and walk the area to know the neighborhood. Norfolk changes very quickly depending where you are. Portsmouth's main roads often look terrible but a couple blocks in are great areas. I have properties in both Norfolk and Portsmouth and consider them the best two places to own rental properties on the Southside.

Hi everyone,

I signed up and promptly never posted in the forum. I am here in Norfolk/Hampton Roads area, investing in buy and hold properties. I have been listening to the podcasts, mostly the ones about rentals. I have been investing for about 5 years, sometimes better than others.

I acquired a from a wholesaler that had a HELOC loan of 80k. Come to find out after that the amount due every month changes, so now its in foreclosure despite my regular payments of what I thought was the amount due.

I need to refi it into my name so I can stabilize the payments. Has anyone done something like this?

I realize this is a mess I created and I am hoping to learn from it.

Thanks to all those on these forums.