Real Estate Investors
Investor’s Information Page
Investing in Real Estate of Hampton Roads to create positive cash flow has become an increasingly difficult proposition. Since the market has appreciated at a substantial rate of 10%-30% per year for the last few years in some areas, purchasing a home and renting it out for the mortgage payment has become almost impossible. As interest rates declined, the rental market has added many rental properties from investors. This addition, plus the loss of renters, who increasingly are purchasing homes themselves, have created a surplus in the rental market. This surplus has also hindered rental prices. Despite having a negative cash flow, investors can make money in appreciation and other creative ways.
Historically, Real Estate investment strategies preached cash flow and GRM (Gross Rent Multiplier) being the most important criteria for evaluating properties for purchase. As previously mentioned, this type of investment is very difficult to find throughout the Hampton Roads Area, so investors must be able to adapt to new ideas to make money.
There are a other ways to take advantage of the market for investors:
- Secure properties at current values that will be built in the future
- Purchase properties that are below market value because they need cosmetic work and some capital investment for repairs
- Buy commercial buildings (more than four units) and convert it to a condominium complex
Even though, the Hampton Roads Area has been transformed into a market that does not easily support the old metrics of cash flow and GRM, there are still excellent ways for investors to make good money.
I personally own several investment properties and will be glad to assist you with my expertise. To see my credentials and experience to be your Realtor, click here – About Me
RealtorÂ®, B.S., M.A., CRS, ABR, GRI, e-PRO
Diamond Member, HRRA Circle of Excellence
Chandler Realty Inc.
Serving all of Norfolk, Chesapeake, Virginia Beach, Portsmouth, Hampton, and Southeastern Virginia
Direct Line: (757) 222-6221, Cell: (757) 971-6221