All Forum Posts by: Taylor Hudgins

Perfect! There are great property managers in the area, but I'll send you contact info for the top 2 I always recommend to investors here in Hampton Roads.

Hi Nathan! I totally agree with @Jacob Sampson.  You don't need a license, but you'll be able to estimate how much a house is worth based on what similar homes are selling for in an area.  For example, if all 3 bed/2 bath, 1,400 square foot homes in a neighborhood sell for 200k - then that would be the market value.  All this data can be found by a local realtor or by going to realtor.com > and searching on "recently sold" properties.

Appraisals are very subjective depending on what other properties they use for comparison.  One property may be appraised lower than market value and a re-appraisal will be ordered the same week and come in higher than market value.  It really all depends on the appraiser completing the report.

Hi Jamael, The area is still active for buying and selling property.  Are you looking for flips or rentals?

Hi Brian!  I see you're in California.  Are looking for experienced property managers in Portsmouth and Suffolk, Virginia?

Hi Chris!  I don't think there is one particular forum.  If you go to biggerpockets.com > Network > Events, you'll be able to see any virtual meetups that people have posted!  You can also go to meetup.com to find virtual meetups!

Hi Andre,  It sound like you're off to a great start! The financing does sound a bit tricky with your job situation - have you thought about partnering with other active investors?  Your parents may be totally open to partnering with you!  I know our parents were a little nervous to invest with us since we were new to the investing journey, but we still were able to meet other great investors in the area that were open to partnering with us!  

I agree with @Kristopher Kyzar on taking a look at "Long Distance Real Estate Investing" by David Greene since you're in Europe most of the year so that you don't feel as though you're limited to the Hampton Roads area (even though it's still a great place to invest)!

I highly recommend joining in on local investing facebook groups to meet other investors in the area to start building relationships for potential partnerships in the future!

Multi-families are also great ways to start here in the area!  There tend to be more multi's in the Norfolk/Portsmouth area but Chesapeake and Suffolk also have a few if you'd prefer those neighborhoods as well!

Cheers to your future success Andre!!! 

Hi Anne!  Shaheen Law Firm is great here in the Virginia Beach area!  They also have locations in Newport News and Richmond.

Hi Blake!!!  

Congrats on making it into the world of real estate!  I actually quit my 9-5 in January to become an agent where I could earn money faster, thus invest faster.  I'd say it really depends on your end goal.  

If your end goal is to be a full time investor, becoming an agent is a great way to get you there!  You'll become very familiar with your market, have a chance to meet other investors, and build great connections.  

If you have no interest in being an agent though, skip it.  It's expensive to have your license with all the dues if you're just going to keep it active on the side.

It sounds like you still have a few years to figure it out though!  Keep learning and the right opportunity will come!

Hi Oscar! 

I would say it probably depends on how active the railroad is.  I don't think you'll have to lower the rent as long as you're ok with the idea that it may take a little longer to find a tenant who would be ok with the railroad there.  If you can't afford a long vacancy, you could lower it a bit below average market to attract a tenant faster.  As long as your numbers work, I'd say go for it!  

@Account Closed Ohh! Ok!  BiggerPockets.com also has a job section that you can post in.  Try biggerpockets.com > Network > Jobs.  You may be able to find someone who would be interested that way.  

You could also try posting in the biggerpockets forums under your locations category and tag whichever cities you need the person in.  May not work as well as craigslist, but it's a great way to tap into the local community of investors to see if they know of anyone who may be interested.