Why invest with CGP
TRUSTED PARTNER. LOCAL EXPERT.
Having assisted clients in the purchase, management and sale of hundreds of investment properties in the greater Hampton Roads area, CGP Real Estate is a reliable and trusted partner to clients seeking to build wealth through
Learn more about why you should invest in Hampton Roads real estate.
Short-term rentals (STR) are fully-furnished properties that rent for less than 30 days and are subject to local and state government taxes. This investment type offers higher financial returns at increased risk. Hampton Roads, with its diverse geography and many popular beaches, has been a short-term rental destination for over 50 years. Thanks to rental platforms like AirBnb, the demand for STRs has continued to increase and make Virginia Beach's rental market thrive.
Owning and Operating
a Short-Term Rental
Owning single and/or multi-family investment properties are a great way to begin to grow an investment portfolio by adding additional monthly income as well as steadily increasing appreciation of the property itself. This type of investment offers less risk and more predictable reward. With its extensive array of desirable locations, thriving industries and diverse population, Virginia Beach (and the greater Hampton Roads area) is uniquely primed for residential real estate investments.
Purchasing a Single-Family or Multi-Family Investment Property
A Section 1031 exchange is defined as the swapping of one investment property for a like-kind property to avoid or significantly reduce capital gains tax to be paid at the time of exchange. This allows your financial investment to continue to grow with capital gains taxes deferred to increase cashflow and provide an investor a unique opportunity to diversify their portfolio.
This type of property exchange is highly regulated, thus it is recommended for property owners to work with a investment professional with experience in 1031 exchanges to guide the transaction successfully. Our agents at CGP have years of experience in this specific area of investment, know the process, have the relationships and ability to facilitate from transaction to operation.
READY TO UNLOCK YOUR INVESTMENT POTENTIAL?
Schedule a free consultation today with no obligation! Let us help walk you through what investment type is best for you and your property.
Fill out the form below or call Scott directly at (757) 375-4550 to get started today
WHAT CLIENTS SAY
I needed someone to guide me through an IRS 1031 investment property exchange and had the good fortune of connecting with CGP. I sold my property in Arlington, VA, transferred my investment to Virginia Beach and CGP steered the entire transaction within the requisite number of days allowed for the transfer. They know the market, know value, and is an experienced professional.
I have worked with CGP on two separate investment purchases. I have found them to be very knowledgable about both the real estate housing market as well as the rental market. He has steered me in the right direction to build my portfolio. CGP is always available when needed to discuss potential investment options or answer any questions about opportunities. They are also well connected with different vendors which has saved me a ton of money on needed repairs. I highly recommend CGP and look forward to working with him in the future.
I’m from Pennsylvania and decided to buy an investment property in VA and didn’t know the area very well. CGP was very helpful and knowledgeable about the area and rental potential. Highly recommended!