Exploring the Buy and Hold strategy of real estate investing in Virginia Beach Foreclosures might just be the best way to grow your personal wealth?
With so much energy in the last few years being focused on "Flipping Homes" and the "fast track to riches" myth of real estate investing, the conservative wealth building principle of "Buy and Hold" real estate investing has taken a back seat. Personally having "Flipped" a few Virginia Beach Foreclosures back in the early 2000's I have first hand knowledge of what can happen! Regretfully I did not hold those properties for the long haul! One Foreclosure in Virginia Beach I bought for $134,900 and sold for a nice and quick profit at $159,900! I thought I was hot stuff! All we had to do was vacuum it!
Then within 4 years of selling it to an excited pair of newlyweds, that same home appreciated to well over $300k! Boy were they happy with their investment! Nice wedding gift! I didn't even get a thank you card!
Obviously not everyone buys right before the bubble inflates, but their are plenty of statistics that show over the long run real estate is consistent and out performs all asset classes over the long haul. What makes todays real estate market such an opportunity is that right now Virginia Beach Foreclosures have depreciated for about 4 years running, while at the same times rental rates have been on the rise or stable. So when you add that to the fact that we have historically low interest rates and plenty of financing available, there aren't too many homes that won't cash flow in this environment!
So...what do you do? What's the strategy? Where do you begin?
The simple answer is to call us at 757-301-1609 and we will be happy to consult with you and help you find the Best Real Estate Deals in Hampton Roads!
Additionally, if you like to read an excellent resource that I have learned a lot from, check out Gary Keller's Book "The Millionaire Real Estate Investor". As an experienced real estate investor and broker since 1986 this book helped me confirm and validate my school of hard knocks knowledge base and also brought up several great ideas and practices any experienced real estate investor could benefit from! You can find Gary's book at any book store or go to our online Book Store feed from Amazon and order a copy conveniently right from our site.
So whether your looking to invest in a Virginia Beach Foreclosure or any other distressed property in Hampton Roads we can help! We have the experience, resources and expertise to help you make the right choices with your new "Buy and Hold" real estate investment strategy!
To see every Virginia Beach Foreclosure and all other Distressed Properties in Hampton Roads click > Virginia Beach Foreclosures