Hey all! We are looking for any and all suggestions/recommendations for using the BRRRR method in Bristol, VA￼￼. My fiancé and I both have good W2 jobs and live in big Stone gap Virginia, but the market there wouldn't be as good as Bristol, in addition Bristol is just breaking ground on building a hard rock casino in the area, so we think this area it would be good for starting our real estate investment career.
We currently are house hacking, bought a fixer-upper house, living in it, and making most of the repairs are self with the hopes of eventually renting this house out. But we are definitely looking for any and all tips with regarding starting our real estate career using the BRRR method￼￼. Thank you in advance!!
@Christine Tuebner I agree that Bristol is the place to be in SWVA! My wife and I are currently house hacking a duplex in Bristol, VA as we speak! I am familiar with Big Stone Gap as well as the rest of SWVA and would steer you clear of purchasing many more properties in those areas simply due to the quickly declining populations and low economic development going on.
As far as moving forward with BRRRRs in Bristol, I would say your best bet is going to be do some driving for dollars, learning the neighborhoods of Bristol and identifying a few areas that fit your investing criteria based on the amount of money you are looking to spend. Bristol VA/TN is primed for a strong future with the casino as well as other economic development going on in the surrounding areas.
If you are coming into town soon my wife and I would love to get a drink and talk shop if you are interested! Best of luck moving forward!
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