New Member Looking for Opportunities in Virginia

Long Island, New York
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New Member Looking for Opportunities in Virginia

Christopher Cava
Member since 2025 · 3 posts · 1 vote

Currently on Long Island, but looking for opportunities in the Shenandoah Valley, Virginia - single family and up to four units to use as rentals.  Not up for the additional work of renting to students (yes, I know the money is nice).  I'm doing a 1031 from a single-family home here.   I've found two places in the 300-350k range; now I just "need" one more in the 200-250k range - probably a 2br/1.5 bath.  I do almost all of my own work - plumbing/electrical/sheetrock/carpentry/ and a little HVAC.  I prefer multi-families, but they are not as common in this part of the country.

Looking for any intelligent advice, educated opinions, or smart/novel suggestions.  Bought my first house in 1990.  Redid the whole house and sold it two years later.  I've been doing and learning ever since.   

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  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    1y
    Quote from @Christopher Cava:

    Currently on Long Island, but looking for opportunities in the Shenandoah Valley, Virginia - single family and up to four units to use as rentals.  Not up for the additional work of renting to students (yes, I know the money is nice).  I'm doing a 1031 from a single-family home here.   I've found two places in the 300-350k range; now I just "need" one more in the 200-250k range - probably a 2br/1.5 bath.  I do almost all of my own work - plumbing/electrical/sheetrock/carpentry/ and a little HVAC.  I prefer multi-families, but they are not as common in this part of the country.

    Looking for any intelligent advice, educated opinions, or smart/novel suggestions.  Bought my first house in 1990.  Redid the whole house and sold it two years later.  I've been doing and learning ever since.   


     I definitely recommend going to the area and visiting to see the area as certain parts are very rural and getting tenants in some locations can be challenging. 

    7e investments53 Reviews
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  • Christopher Cava
    OP
    Member since 2025 · 3 posts · 1 vote
    1y

    Been going back and forth a few times.  Yes -  in some areas I'd be all good if I was renting to cows (who knew there was so much cattle in Virginia!).  For the rentals mostly looking in areas that are considered "cities" and/or close to healthcare (Staunton, Waynesboro, Fishersville).  Some of what they are calling cities have different/additional local taxes - annoying, so trying to avoid that.  I was considering Harrisonburg, but I do my own repairs and that might be a bit of a drive for small problems.  I was considering getting a property manager, but not yet ready to part with the control and $$.  Thoughts?

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  • Jacob St. MartinPro Member
    Investor · Charlottesville Virginia · Member since 2021 · 348 posts · 346 votes
    1y

    Hello Christopher, I am an agent/investor in that area and I would love to help! There are some fantastic opportunities in those areas for rentals with solid cash flow, and rising prices in the Charlottesville area continue to push people over the mountain to Waynesboro/Staunton and consequently have led to decent appreciation in those areas. 

    I will gladly send some properties your way, will just need some more details on what you are looking for! I will send you a DM now

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  • Dave FosterBusiness Member
    Qualified Intermediary for 1031 Exchanges · St. Petersburg, FL · Member since 2013 · 9k+ posts · 9k+ votes
    1y

    @Christopher Cava, kudos for taking advantage of the 1031 exchange to expand your RE portfolio. You've got a good head start on your replacements. One other avenue to look at would be raw land in the path of progress, or land with a rentable building, or available to rent out for agriculture while waiting for progress to catch up. With the 1031, you can not only exchange into any type of real estate anywhere in the country. But you can move into raw land as well. Your comment about cows triggered my thinking that there might be a rentable piece of agricultural land that could work for you. Especially if it's in the path of future progress. 

    The 1031 Investor5140 Reviews
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  • Cassidy BurnsBusiness Member
    Investor · Alexandria, VA · Member since 2016 · 859 posts · 460 votes
    1y

    I'd recommend reaching out to @Michael H. Cook in that market 

    [email protected]540-960-1507
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  • Ian Recile
    Member since 2024 · 2 posts · 0 votes
    1y

    Are you looking for some in New York also? Can send you a list in that price range. 

    0Reply
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