Manassas Park, VA - A Good City for Real Estate Investing

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Manassas Park, VA - A Good City for Real Estate Investing

Cape Cod style houses were built in Manassas Park in the 1950s. This older section of the city is west of Route 28, Centreville Road. Manassas Drive is the main street going through this section of Manassas Park.

The Cape Cod homes of Manassas Park are situated on 7,000 to 8,000 square foot lots.

Many of the original Cape Cod houses of Manassas Park have been expanded and renovated and this older section of the city has a high percentage of rentals.

Investors like buying in Manassas Park. Three investment strategies are used:

1. Wholesaling - Investors who find good deals on properties pass on the deal to another investor who renovates the property. This means one investor buys at a deep discount from homeowners who have significant equity in the property and then sells fast at a discount to another investor. This type of deal is usually "off market" with properties bought directly from a homeowner without a Real Estate Agent involved in the transaction.

2. Rehabbing and Reselling - Investors who rehab properties, make repairs, and resell. These properties are purchased directly form a homeowner without an agent, from another investor who wholesales the property, or from the MLS with the help of a Realtor.

3. Buy and Hold - Investors who hold the properties they buy and keep them as rentals for positive monthly cash flow.

Manassas Park, VA - A Good City for Real Estate Investing

There are a few reasons why Manassas Park attracts investors. The age of the houses creates opportunity to find properties with equity and to find houses which need a lot of repairs. The high percentage of rentals is another reason why Manassas Park attracts investors.

Investors like the options they have with the older housing supply in Manssas Park.

For more information about Manassas Park Cape Cod houses, go to this page on the City of Manassas Park website: http://www.cityofmanassaspark.us/public_documents/ManassasParkVA_Planning/Original%20Development%20of%20Manassas%20Park

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Re-Blogged By Re-Blogged At
Topic:
Real Estate General Information
Location:
Virginia Prince William County Manassas Park Original Development Of Manassas Park
Groups:
VIRGINIA
Virginia neighborhoods
Tags:
investment property
cape cod
wholesaling
renovation
rental property
manassas park

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