New here from Annapolis & Virginia Beach

New here from Annapolis & Virginia Beach

Real Estate Agent · Virginia Beach, VA · Member since 2012 · 2k+ posts · 1k+ votes

So happy I found this forum. My husband and I have been dabbling in real estate for over 10 years now, always liked it but never too serious mainly due to traveling issues for my husband's job, but thinking of getting into it more seriously now that we're finally settling down back on the east coast permanently, although still in transition for another year or so.

Have been very frustrated by financing conditions and hard to find answers (I'm kind of a research fanatic) to real life questions, stumbled upon this forum 2 days ago and have been learning a lot, especially about financing options I wasn't even aware of before. We've only ever kept about 5 properties at a time, so we're small investors, but I think the answers here will give us the momentum to finally push for the 20 we wanted to have before retirement.

Thanks to all here for the knowledge and insight, and especially to the forum moderators as it's very nice to read post after post of useful and smart answers & information instead of fighting and posturing as on most other forums I don't belong to anymore.

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  • Lexington, KY · Member since 2009 · 2k+ posts · 1k+ votes
    14y

    Welcome to BP. I am glad that you have finally been finding answers to some of the questions you have had, BP is well known for the community environment and the willingness of members to help each other out. Good luck in upping your real estate investing, keep us informed on the progress.

  • Real Estate Investor · Bellingham, WA · Member since 2008 · 407 posts · 90 votes
    14y

    Welcome Lynn

    So glad you finally found us. The people here are more than welcome to help

  • Real Estate Investor · Los Angeles/Santa Barbara, CA · Member since 2011 · 102 posts · 14 votes
    14y

    WelcomeLynn M. you're in good company.

  • Real Estate Agent · Virginia Beach, VA · Member since 2012 · 2k+ posts · 1k+ votes
    14y

    Thank you all for your kind welcome. Learning more every day. Love this site.

  • Real Estate Investor · Hampton Roads, VA · Member since 2012 · 32 posts · 3 votes
    14y

    Welcome Lynn, I see you were in Virginia Beach. I am in that area now looking to get into the investing market. Good Luck to you.

  • Real Estate Agent · Virginia Beach, VA · Member since 2012 · 2k+ posts · 1k+ votes
    14y

    Kristin, Nice to meet you. Prices are finally dropping enough around here to make investing in VaBch interesting again, although so much competition around here it's hard to find a good deal unless you're searching daily and ready to move fast. We've missed a few as we're splitting our time between the two cities right now and the timing is always off, but hopefully more time to concentrate on one or the other over the next few months.

  • SFR Investor · Virginia Beach, VA · Member since 2010 · 150 posts · 36 votes
    14y

    Hello Lynn, I recently purchased a foreclosure in VB. Previously I have been buying out of state due to the price entry points versus rent, but as you mentioned, over the past year prices have become attractive in some areas. I pulled the trigger in VB a few months ago and was able to cash-flow decently. The demand was there also, we had a few walk-thrus scheduled within 24-48 hours of the craigslist ad and had a signed lease in a few days. The deals are there, but like you said you need the ability to move fast.

  • Real Estate Investor · Kalamazoo, MI · Member since 2010 · 681 posts · 241 votes
    14y

    Welcome, Lynn!

    It sounds like you've got a great start on your goal. This is a great place to network and find answers.

  • Wholesaler · Florence, SC · Member since 2011 · 5 posts · 1 vote
    14y

    Hello a welcome.

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