Can this deal be found in Virginia Beach?
I am out of the area (for now, moving to VA soon) and looking for a cash off-market deals with the following criteria, and wonder if in this market those could be found:
- under $120K
- needs only cosmetic renovation ($10K investment or so)
- 2+bdr/2+bathrooms (ideally 3/2)
- 1500+sf
- ideally built after 1980 (to avoid environmental inspections)
- not in flood zone
- in a safe middle class area
- Virginia Beach or Chesapeake, maybe some Norfolk but in better areas
If I look at MLS, of course everything is much higher. But are there some off-market opportunities can be found these days and what are the easiest ways to find them?
I am a new investor, so would appreciate some advise.
I want to develop a portfolio of rental properties - buy first one for cash, rent it and then use it to get a mortgage for the next one. Is it Brbrbr, I assume? (sorry, I did say I am newbie in this).
Thank you very much, guys.
P.S. Since I am going to move to VA would be happy to connect with anyone who can offer any advise, so please don't hesitate to connect with me.