All Forum Posts by: Thad Wheeler

Caleb, Thanks for responding. The rental market in Williamsburg is strong. However becasue of the location and whats here tourism, the College of William & Mary, Good schools and commutable to Richmond or Norfolk/VA Beach the housing market values are real good so finding that deal is hard.

1. Yes I for some reason forgot to put that number in. 

2. Yes would like that to be hire and are looking some other properties

3. Rent I do believe that I can get that the lowest would definitely be 1100

4. Yes I need to add repairs in the estimate. I did put in $50 a month in there for our warranty of all the appliance / HVAC / Hotwater etc. 

5. My wife and I manage one we have now and would also manage this one ourselves

I know the seller and he needs to sell quick as he is moving to the west coast. The same unit on his street just sold for 155,000. I believe I can get this for close to 142000. 

The questions is this a good investment in the longterm. We just had a baby a month ago and my plan was to get one for her to help pay for college etc as time comes. Is this worth that??

Thanks for the advice!

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