All Forum Posts by: Sierra Alderman

Hey James! Welcome! There are some really good meetups here in town in Virginia Beach where you can meet like-minded investors. There is one tonight on apartment investing in Virginia Beach if you’re interested I can send more details. I think I’ll be at the 2020 meetup also so hopefully we’ll meet then! 

Hey Dave! 

I am a real estate agent and investor in the area. Also an active duty spouse and Airbnb expert/ manager! I would be happy to chat with you about the different options for Airbnb in our area, there are some regulations you will want to keep in mind as you’re looking. Feel free to send me a DM. I think you’re going to love it here! There are a lot of great meetups in town, the investor community is very supportive and helpful here. 

@LaTonya Snow I am a host in the area and I think you’re doing a great job advertising, I will certainly keep you in mind and pass along your info to other hosts! Have you tried turnoverbnb? It’s an app I have used to find Airbnb cleaners previously.

Hi @Shannon Brill! Welcome to the area! I am a Real Estate Agent and Investor. Luckily, this is a great area for house hacking! I would be happy to create a search on the MLS for you with your criteria if you would like.

Hi Priscilla! I just moved to the Virginia Beach area and it looks like you and I have similar ideas of investing in this area. I went to a great meetup last month with a lot of BiggerPockets members, Melanie McDaniel is an agent who specializes in working with investors. She puts on the meetup for free and I highly recommend chatting with her, she is a wealth of information! Here is the meetup, feel free to message me for her number. In August the meetup will be about Airbnb if you or your boyfriend is in the area!



https://www.meetup.com/Real-Estate-Investors-of-Hampton-Roads/

@Mike V. That is very helpful, thank you for commenting. 

Hello everyone! I am doing some speculation currently so I don't have any helpful numbers, but have any of you had experience with doing a BRRR deal and doing STR for the seasoning period? Do banks treat the seasoning period for a traditional rental the same as how they treat the seasoning period for a STR?

Thank you in advance for the help. 

Hello everyone,

I will be moving to Fort Walton Beach in a few months and this will be my first purchase. I was thrilled about house hacking but unfortunately the market is extremely sparse on multifamily units. I want to know what you all think about building an ADU in the backyard, and if anyone has had experience with this in the area? Ultimately thinking I would AirBnB or use it as a vacation rental.

Would also need advice on financing this, I am planning on using VA for the SFH. I know I can use VA for a duplex as long as it's my primary residence, so would this work the same way?

Thanks in advance!

Hi everyone, 

Thank you SO much for all of your advice and suggestions. I found out thanks to you all and a little more research, I am able to rent out the house after living there a year. I think I will find a good deal for a not-so-pretty SFH, do some cosmetic changes while I live there and rent it out once we leave. If there are no screamin' deals, we'll save up for the next duty station.

All of these comments were very helpful so thank you! 

Hello everyone, I have been interested in house hacking for some time, but money and a mobile life (husband in the military) has been holding me back. The next place we will be in, Fort Walton Beach, FL, has reasonable house prices and we now have access to the VA loan ($0 down!) A few things, though:

-There are very few/ no multifamily units. 

-We will only be in Fort Walton for a year and a few months before going to the next place.

With VA, it has to be owner-occupied, so as much as I would love to rent it out, I would have to sell before leaving. With no multifamily options, it seems my investment might not be worth it.

A "free" (no down payment, I know there are closing costs to consider) house to start building equity sounds too good to pass up, but the chance of being underwater in a year after buying scares me. Any suggestions? Otherwise I will probably buy out of state with a conventional/FHA loan once I save up enough money. Or wait until a more permanent move.

Thanks for your time.