Newbie from Charlottesville, Virginia!

14 Replies

Hello! My name is Alexander Stromberg. I go by Alex usually. I'm mostly a homegrown Virginian. I currently am an Air Traffic Controller, although I'm hoping to change that through investing, and I'm mid way through a business degree. I learned a few buzz words from a TED talk on youtube, which led me to BP. I've watched quite a few podcasts over that past month and am done lurking in the shadows! 

I'm not quite sure what my exact niche will be yet, though I am working my way through some of the suggested begginners tasks. I'm leaning towards a house hack into a multiplex, followed by more buy and hold rentals. Atleast I was, until I had my mind blown with the potential of buying non-performing mortgages, and just finished podcast 229, which showed me how AirBNB can be more the a small side gimmick. I'd love to hear about more people's experiences to help me finalize my choice of initial area of study. Whichever route I take, I know that I'm planning to build a system to enable the business to be truly passive. As Brandon likes to say, I don't want to buy a life time job.

Originally posted by @Alexander Stromberg :

Hello! My name is Alexander Stromberg. I go by Alex usually. I'm mostly a homegrown Virginian. I currently am an Air Traffic Controller, although I'm hoping to change that through investing, and I'm mid way through a business degree. I learned a few buzz words from a TED talk on youtube, which led me to BP. I've watched quite a few podcasts over that past month and am done lurking in the shadows! 

I'm not quite sure what my exact niche will be yet, though I am working my way through some of the suggested begginners tasks. I'm leaning towards a house hack into a multiplex, followed by more buy and hold rentals. Atleast I was, until I had my mind blown with the potential of buying non-performing mortgages, and just finished podcast 229, which showed me how AirBNB can be more the a small side gimmick. I'd love to hear about more people's experiences to help me finalize my choice of initial area of study. Whichever route I take, I know that I'm planning to build a system to enable the business to be truly passive. As Brandon likes to say, I don't want to buy a life time job.

Welcome Alex,  Charlotteville is a hard place to get started. Very expensive. My wife is just finishing up her third flip there. Good luck and if you need anything just ask.

@Racheel R. Thanks for the welcome!

@Jesse Harris It is a bit expensive. That's why I'm leaning towards a house hack multifamily. I am an Air Force vet, so a VA loan on one would be a nice way to start. I've begun looking in the Waynesboro area for my early investment opportunities. Do you guys exclusively flip houses?

Hi Alex! We are from the Cville area and are just starting out on our own real estate investment venture. We are looking at areas outside of cville that have shown growth and are considerably more affordable..ie Waynesboro and Staunton. We should connect to bounce ideas around!

@Jesse Harris my husband is a contractor in the cville area if you are ever looking for someone to help with flips. Right now it is just him and one other guy but they do great work and are very reliable. He also able to do property management for you if you are not living in the area. Have a great day!

@Alexander Stromberg

Welcome to the BP family! Great that you joined the site! Here are some recommendations for you:

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Wishing you the best!

Originally posted by @Alexander Stromberg :

Hello! My name is Alexander Stromberg. I go by Alex usually. I'm mostly a homegrown Virginian. I currently am an Air Traffic Controller, although I'm hoping to change that through investing, and I'm mid way through a business degree. I learned a few buzz words from a TED talk on youtube, which led me to BP. I've watched quite a few podcasts over that past month and am done lurking in the shadows! 

I'm not quite sure what my exact niche will be yet, though I am working my way through some of the suggested begginners tasks. I'm leaning towards a house hack into a multiplex, followed by more buy and hold rentals. Atleast I was, until I had my mind blown with the potential of buying non-performing mortgages, and just finished podcast 229, which showed me how AirBNB can be more the a small side gimmick. I'd love to hear about more people's experiences to help me finalize my choice of initial area of study. Whichever route I take, I know that I'm planning to build a system to enable the business to be truly passive. As Brandon likes to say, I don't want to buy a life time job.

 Welcome and good luck. I’m based in Richmond but invest in the valley. As others have stated, the rents to values ratios are quite high in Charlottesville even for Richmond 

Hello! @Alexander Stromberg

Welcome to BP, and congratulations on making the decision to invest in your future via real estate.

I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.

First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:

https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp

The second is a post that will help get you focused with your real estate investing goals:

https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated

The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.

https://www.biggerpockets.com/blogs/5868/52724-im-new-to-investing-how-do-i-find-an-investor-friendly-agent

I have other blogs that may be helpful here on BP in my personal blog that you can check out. Good Luck :)

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