All Forum Posts by: Mario N Dove

Congratulations @Tim Murphy on your purchase. In my opinion, multi-family properties in that neighborhood, which such close proximity to the university are great investments. While those older colonials can prove difficult to rehab and meet regulations, the effort is well worth it. I am consistently looking for deals in that area for myself. I'd be more than happy to notify you of anything that I come across that would be of interests to you. Let me know.

Happy Investing! 

Good morning David. Welcome to Bigger Pockets, and welcome to the Hampton Roads. Lot's of great advice on this string thus far. Lot's of information to digest and consider. 

My personal experience with rental properties in the region is that there is no one-size fits all strategy as it relates to areas within which to invest. Some will say don't invest here because of this, or don't buy there because of that. My advice is, it depends. What is your risk tolerance? Does the deal fit your numbers? What is your short and long term strategies? There are just to many factors to consider before disregarding cities within which to invest; especially in the Hampton Roads.

Good evening @Don Carey, and welcome to BP. Not originally from the area but 20 plus years in the US Navy, Norfolk VA has become my adopted home. Matter of fact, I've lived in the neighborhood adjacent to NSU for the last 15 years and I am a huge fan of Spartan football. So, it's an awesome occasion to welcome you to the Bigger Pockets fold.

If you ever have any questions about the local market, need any professional assistance, or would like to discuss you real estate goals, please do not hesitate to reach out. I am here to help.

Best regards, and BEHOLD!!!         

Single-Family Home in the heart of Kempsville. This beautifully renovated town-home offers 2 bedrooms, 1 1/2 baths & quiet outdoor living space. This home was built in 1973 and offers 1,006 square feet of living space. Property will be delivered vacant, and is move-in ready. No rehab required.

WHAT I LOVE ABOUT THE HOME
NICE BRAND NEW PARK! GREAT SCHOOLS! LOTS OF KIDS IN NEIGHBORHOOD!

• Bed: 2
• Bath: 1
• SqFt: 1,006
• Market Rent: $1250
• Condition: Move-in ready
• Market Value: $149,900
• YrBlt: 1973
• Asking: $144,900

Seller Financing Avail:
$45K cash at closing (+ closing cost)
$700/month (x 12 months)
$99,900 due in 12 months 

http://tskx0552.vflyer.com/home/flyer/home/318960002

*** I have a Purchase Agreement for 127 Wellons St. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 15-Apr-2017 ***

If you're in the market for a great investment property, take a look at this 4 bedroom, 3 bath tri-plex. This property needs minor repairs and is ready to make you a nice financial return. It's located in Suffolk, an affordable area and is currently leased for 2550/month.

Asking price: $100,000

Rehab: 20k

ARV: $170000

Average list for Suffolk: $213000

Market rent: $1395

Cap rate: 20.0

Hurry! Call today to learn more about this great money-making property! (757)337-6467 or http://www.exitstrategiesrei.com/property/3182017/

*** I have a Purchase Agreement for 1515 Manson St. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 15-Apr-2017 ***

If you're in the market for a great investment property, take a look at this 3 bedroom, 2 bath single family home. This property needs minor repairs and is ready to make you a nice financial return. It's located in Campostella , an affodable area of Norfolk and is currently leased for 950/month. Hurry! Call today to learn more about this great money-making property! (757)337-6467 or http://www.exitstrategiesrei.com/property/3172017/

Asking price: $60,000

Rehab: 10 - 15k

ARV: $99,218

MV: $82,500

Average list for Campostella: $111,900

Market rent: $1100

Cap rate: 14.4

*** I have a Purchase Agreement for 5 Central St. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 1-Apr-2017 ***

If you're in the market for a great investment property, take a look at this 2 bedroom, 1 bath single family home. This property needs minor repairs and will be ready to make you a nice financial return. It's located in Buckroe, an affordable area and would rent for 850/month. Hurry! Call today to learn more about this great money-making property! (757)337-6467 or http://www.exitstrategiesrei.com/property/34016-2/

*** I have a Purchase Agreement for 424 S. Saratoga St. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 15-Apr-2017 ***

If you’re in the market for a great investment property, take a look at this 9 bedroom, 4 bath duplex. This property needs updating and is ready to make you a nice financial return. It’s located in Suffolk, an affordable area and is currently leased for 2250 /month. Hurry! Call today to learn more about this great money-making property! (757)337-6467 or http://www.exitstrategiesrei.com/property/3162017/ ‎

*** I have a Purchase Agreement for 1408 Summit Ave. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 10-Mar-2017 ***

If you're in the market for a great investment property, take a look at this 3 bedroom, 1 and 1/2 bath single family home. This property needs some work done and will be ready to make you a nice financial return. It's located in Prentiss Park area of Portsmouth, an affordable area and would rent for 1095/month. Hurry! Call today to learn more about this great money-making property!

Asking price: $47,500 plus closing

Rehab: 30-35K
ARV: $92,250
MV: $120,000
Average list for 23704: $131,052
Market Rent: $1100

More pictures available upon request.

To learn more about this great money-making property, call (757)337-6467 or visit http://www.exitstrategiesrei.com/property/02242017/

*** I have secured the Purchase Agreement for 267 Hansen Ave. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 13-Feb-2017 ***

If you're in the market for a great investment property, take a look at this 3 bedroom, 1 bath single family home. 267 Hansen Ave needs some time and effort to turn this property into a nice rental, ready to make you a nice financial return. It's located in GLENDALE subdivision, a family friendly area of Portsmouth. Close to shopping, Norfolk Naval Shipyard, and Interstate, this property could rent for $950-1150/month.

Asking price: $62,500 plus closing
Rehab: 32-35K
ARV: $146,000
MV: $154,270
Average list for 23710: $150,982
Market Rent: $$950-1150

To learn more about this great money-making property, call (757)337-6467 or visit http://www.exitstrategiesrei.com/property/112020zjan17/

*** I have secured the Purchase Agreement for 267 Hansen Ave. I am marketing this contract for assignment solely as I am not the owner. Contract closes on 13-Feb-2017 ***