All Forum Posts by: Anthony Hosea

Congratulation on your first wholesale! What part of West Virginia was it?

@Joshua D. Kidwiler send me your contact information I can connect you with two realtors that I think would be of great help. I’m in the Beckley area and could assist you if you have ever thought about coming down south.

Excellent Response, I agree 100%

Nvm, I can see it now. So just looking at the video, it doesn't look like there is much to do to the home. I mean it's obviously dated but that doesn't mean you have to sink 30k into if you don't feel the need. How much are you looking to profit on the deal? Are you comfortable with it sitting on the market? Some additional information would be helpful to get a sense of what you are trying to accomplish. 

We can't see the video...

I'm not super familiar with the Charleston Market but I feel that the rental market is on the rise in West Virginia as a whole. @Peter Tu is a local agent in the Charleston area and could give you specific information that could be of interest. In general, rentals are a great place to start though. 

What are the conditions of the homes that you are looking at ? Will you have to do any work before a tenant is placed, or are you looking for something turn-key? These are important questions because renovations can quickly eat away at your budget especially if you don't have a trustworthy contractor. Also, don't stress over making your rental immaculate UNLESS you are in an area where new fixtures, flooring, etc are necessary for the price point because it's a good chance your tenants are going to F*** it up anyway lol or put more nicely not treat your things with the same care as you would. 

Feel free to reach out if you have any more questions or curious about the Beckley market!

Do you have an idea of what your intended investment strategy would be?

Points of Interest 

- Morgantown - College town, there will always be a need for short term rentals but I would try to stay as close to the college campus as possible 

- Fayetteville - White water rafting, Bridge Day, overall just a cool little town that is growing quite well 

From a tourism point of view, it would be worth noting that WV, in general, is a seasonal destination and a large part of your business would be coming in during the summer months. 

Like @Kendall Staggs said it all depends on what area you are talking about. Are there some areas in West Virginia that I would stray away from? Absolutely, but that doesn't negate the value of other areas. There is always a dollar to be made and West Virginia has pros and cons in which you will have to evaluate based on your intended investment strategy. You mentioned that you would like to eventually sell your rentals, well for starters where are you located? Are we talking SF or MF? It would be helpful to provide some additional information... 

Great post! I enjoy looking at the progress you have made. I'm curious though when you say that the market is fantastic what exactly do you mean? I googled the population and it's only around 8,000... As a person that has plenty of experience in the area, I'm sure you have insight into why you think it's an ideal area to invest in. I only ask because I live in a similar area ( rural, small population ) and with the addition of the new college campus in our area combined with rising rental rates I also believe it's a fantastic area to invest in. What were some key factors that influenced your decision to invest in that area?