As an agent in Hampton Roads, Virginia, are real estate market here has been thankfully steady compared to a large majority of other marketplaces. I have been specializing in RE investments for about 5 years, and work with a large amounts of investors, including Rehabbers.
I have been advising my rehab clients to start looking at multi-family vs. single family for a couple of reasons. There are always investors in the market, so as long as you can negotiate a great deal, fix it, and sell it for a price where another investor can make cash flow, it will sell. Also, in my opinion, it seems as though our mulit-family and small residential commercial properites have held their values much better than single family. The biggest motivating factor I share with my clients is that with our market slower, it takes longer to sell, so why not go multi family and rent the property while it’s on the market for sale, and make positive cash flow. Virtually no holding costs at that point and it takes the burden of an empty house and payment off your shoulders. You most certainly can’t do that with single family and hope that an investor will come along, because they usually won’t make the necessary cash flow without putting a large downpayment. Buyers that want to purchase will find something without a lease!
All in all, there is still hope for rehabbers in our market. This is one of the safest ways to rehab in our market and not lose all your profits while trying to sell. If you would like other investment ideas, visit my website at JoshSellsVirginia.com
Wednesday, November 5, 2008
Tuesday, November 4, 2008
420 County St.
This is a great location right downtown in Historic Olde Towne Portsmouth, you can see the history as you look at some of the surrounding properties. Real Estate like this is becoming more and more scarce and this is an excellent opportunity for anyone that wants to own a bit of history.
GREAT INVESTMENT OPPORTUNITY TO OWN A TRI-PLEX IN HISTORIC OLDE TOWNE- MANY IMPROVEMENTS HAVE BEEN MADE INCLUDING NEW ROOF,HVAC APPX 3YRS NEW,PLUMBING & ELECTRIC UPDATE 1999. NEWER WINDOWS, CERAMIC TILED FLOORS W/HARDWOOD TO MATCH. UNIT A 1 BEDROOM $675, UNIT B 2 bedroom $775, UNIT C 3 BED $825. No owner paid utilities. Price is set at $269,900.
To view more details on this listing, or any of my other listings, please visit JoshSellsVirginia.com.
GREAT INVESTMENT OPPORTUNITY TO OWN A TRI-PLEX IN HISTORIC OLDE TOWNE- MANY IMPROVEMENTS HAVE BEEN MADE INCLUDING NEW ROOF,HVAC APPX 3YRS NEW,PLUMBING & ELECTRIC UPDATE 1999. NEWER WINDOWS, CERAMIC TILED FLOORS W/HARDWOOD TO MATCH. UNIT A 1 BEDROOM $675, UNIT B 2 bedroom $775, UNIT C 3 BED $825. No owner paid utilities. Price is set at $269,900.
To view more details on this listing, or any of my other listings, please visit JoshSellsVirginia.com.
528 Bellwood Rd.
528 Bellwood Rd.
AWESOME POTENTIAL & OPPORTUNITY! RECENTLY RENOVATED 3 UNIT APARTMENT BUILDING ON 3/4 ACRE LOT USE AS COMMERCIAL.WASHER/DRYER HOOKUPS.UNIT#528 LONG TERM TENANT FOR 8 YEARS ON MONTHLY LEASE. DETACHED GARAGE CAN BE RENTED OUT. UNIT #528 $500/M. UNIT#530 $650/M. #532 $550/M.
To view more info on this listing or any of my other listings, please visit JoshSellsVirginia.com and get useful information on real estate and our local marketplace.
To view more info on this listing or any of my other listings, please visit JoshSellsVirginia.com and get useful information on real estate and our local marketplace.
914 W. Ocean View Ave.
FABULOUS COMPLETELY RENOVATED 2 BED,1 BTH WITH DIRECT ACCESS TO THE BEACH. STAINLESS STEELE APPLIANCE PACKAGE. EXCELLENT LOCATION WITH TONS OF ROOM FOR APPRECIATION & AREA GROWTH. BE A PART OF THE OCEAN VIEW REVOLUTION! Visual Tour- http://www.visualtour.com/shownp.asp?SK=13&T=1572978. To get more info on this listing, or any of my other listings, visit JoshSellsVirginia.com. You can also get great resources on real estate and our local marketplace.
1220 Ginger Cres
This is a great Listing, very centrally located in Virginia Beach with lots of home for the price. Located on a quiet cul-de-sac, it’s a 4 bedroom 2.5 bath and an amazing 2380 sq/ft. Features a 2 car garage, Huge eat-in-kitchen, Den with a fireplace, beautiful 2 story foyer w/ a balcony, newer vinyl siding, nice sized backyard and on a dead end street.
Price is set at $299,900K, to view more details, go to http://www.joshsellsvirginia.com/ and check out the features. You can also see the rest of my listing on my site as well.
Par B Turner Rd.
Great parcel of land for the money. Almost 2 acres and already approved by city for the Perc test and ready to install septic. This is a wooded lot, so it would need to be cleared to build on. List price is $85,000.
GREAT LOT FOR A GREAT PRICE. APROX 1.76 ACRES WITH PERC DONE, LOT IS WOODED,CALL AGENT FOR PLATS & PERC CERTIFICATION APPROVAL LETTER. FRONTAGE & RGHT OF WAY EASEMENT IS ON BOWLING GREEN RD. NOT TURNER DR./
For more information on this listing, or any of the other listings I currently have, visit my website by clicking on the link provided.
GREAT LOT FOR A GREAT PRICE. APROX 1.76 ACRES WITH PERC DONE, LOT IS WOODED,CALL AGENT FOR PLATS & PERC CERTIFICATION APPROVAL LETTER. FRONTAGE & RGHT OF WAY EASEMENT IS ON BOWLING GREEN RD. NOT TURNER DR./
For more information on this listing, or any of the other listings I currently have, visit my website by clicking on the link provided.
5529 Lynbrook Landing
SHOWS EXCELLENTLY,LOTS OF IMPROVEMENTS TO INCLUDE:NEW BASE CABINETS & COUNTERTOP,NEW CENTRAL HVAC,NEW ROOF,NEW WINDOWS,VINYL FLOOR,APPLS,FRONT DOOR,PLUS MUCH MORE.COME SEE THIS ONE TODAY!OPEN FLR PLAN,BONUS SUN RM IN THE BACK.NICE SIZED FENCE Yrd.http://www.visualtour.com/shownp.asp?SK=13&T=1717369
For more info on this listing or any other listing I currently have. Please visit my site at JoshSellsVirginia.
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