
Virginia Real Estate Models
Check out how Virginia does for these scenarios.
5% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
Net Worth at 40 Years
- Alexandria = $4.65M
- Chesapeake = $13.25M
- Hampton = $18.16M
- Newport News = $14.47M
- Norfolk = $16.37M
- Portsmouth = $16.29M
- Richmond = $20.30M
- Roanoke = $8.07M
- Virginia Beach = $33.24M
Month First Achieved Financial Independence
- Alexandria = 75.00 Years (900 Months)
- Chesapeake = 33.00 Years (396 Months)
- Hampton = 17.33 Years (208 Months)
- Newport News = 24.00 Years (288 Months)
- Norfolk = 21.00 Years (252 Months)
- Portsmouth = 19.75 Years (237 Months)
- Richmond = 20.00 Years (240 Months)
- Roanoke = 36.08 Years (433 Months)
- Virginia Beach = 13.00 Years (156 Months)
5% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
Net Worth at 40 Years
- Alexandria = $6.24M
- Chesapeake = $19.54M
- Hampton = $22.04M
- Newport News = $19.41M
- Norfolk = $21.94M
- Portsmouth = $20.18M
- Richmond = $26.85M
- Roanoke = $10.39M
- Virginia Beach = $38.48M
Month First Achieved Financial Independence
- Alexandria = 65.58 Years (787 Months)
- Chesapeake = 24.83 Years (298 Months)
- Hampton = 13.00 Years (156 Months)
- Newport News = 16.58 Years (199 Months)
- Norfolk = 15.00 Years (180 Months)
- Portsmouth = 14.25 Years (171 Months)
- Richmond = 14.00 Years (168 Months)
- Roanoke = 31.25 Years (375 Months)
- Virginia Beach = 11.00 Years (132 Months)
10% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
Net Worth at 40 Years
- Alexandria = $3.71M
- Chesapeake = $9.64M
- Hampton = $15.35M
- Newport News = $10.06M
- Norfolk = $10.28M
- Portsmouth = $13.90M
- Richmond = $13.15M
- Roanoke = $6.35M
- Virginia Beach = $30.76M
Month First Achieved Financial Independence
- Alexandria = 78.00 Years (936 Months)
- Chesapeake = 35.58 Years (427 Months)
- Hampton = 22.00 Years (264 Months)
- Newport News = 29.00 Years (348 Months)
- Norfolk = 27.17 Years (326 Months)
- Portsmouth = 23.75 Years (285 Months)
- Richmond = 27.00 Years (324 Months)
- Roanoke = 39.00 Years (468 Months)
- Virginia Beach = 15.00 Years (180 Months)
Nomad to Short-Term Rentals with 75% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Alexandria = $32.96M
- Chesapeake = $45.75M
- Hampton = $40.30M
- Newport News = $37.63M
- Norfolk = $42.32M
- Portsmouth = $37.13M
- Richmond = $51.26M
- Roanoke = $24.53M
- Virginia Beach = $69.49M
Month First Achieved Financial Independence
- Alexandria = 28.00 Years (336 Months)
- Chesapeake = 9.25 Years (111 Months)
- Hampton = 6.83 Years (82 Months)
- Newport News = 7.33 Years (88 Months)
- Norfolk = 6.50 Years (78 Months)
- Portsmouth = 7.33 Years (88 Months)
- Richmond = 6.92 Years (83 Months)
- Roanoke = 11.00 Years (132 Months)
- Virginia Beach = 6.50 Years (78 Months)
.5 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Alexandria = $3.71M
- Chesapeake = $9.64M
- Hampton = $15.35M
- Newport News = $10.06M
- Norfolk = $10.28M
- Portsmouth = $13.90M
- Richmond = $13.15M
- Roanoke = $6.35M
- Virginia Beach = $30.76M
Month First Achieved Financial Independence
- Alexandria = 78.00 Years (936 Months)
- Chesapeake = 35.58 Years (427 Months)
- Hampton = 22.00 Years (264 Months)
- Newport News = 29.00 Years (348 Months)
- Norfolk = 27.17 Years (326 Months)
- Portsmouth = 23.75 Years (285 Months)
- Richmond = 27.00 Years (324 Months)
- Roanoke = 39.00 Years (468 Months)
- Virginia Beach = 15.00 Years (180 Months)
Nomad to Short-Term Rentals with 50% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Alexandria = $19.50M
- Chesapeake = $35.84M
- Hampton = $32.11M
- Newport News = $29.86M
- Norfolk = $33.73M
- Portsmouth = $29.55M
- Richmond = $41.00M
- Roanoke = $19.44M
- Virginia Beach = $56.17M
Month First Achieved Financial Independence
- Alexandria = 39.00 Years (468 Months)
- Chesapeake = 11.75 Years (141 Months)
- Hampton = 8.25 Years (99 Months)
- Newport News = 9.33 Years (112 Months)
- Norfolk = 8.33 Years (100 Months)
- Portsmouth = 9.00 Years (108 Months)
- Richmond = 8.83 Years (106 Months)
- Roanoke = 15.00 Years (180 Months)
- Virginia Beach = 7.83 Years (94 Months)
10% More Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Alexandria = $9.91M
- Chesapeake = $20.53M
- Hampton = $22.53M
- Newport News = $19.76M
- Norfolk = $22.33M
- Portsmouth = $20.66M
- Richmond = $27.19M
- Roanoke = $11.09M
- Virginia Beach = $38.79M
Month First Achieved Financial Independence
- Alexandria = 58.92 Years (707 Months)
- Chesapeake = 26.00 Years (312 Months)
- Hampton = 15.00 Years (180 Months)
- Newport News = 19.00 Years (228 Months)
- Norfolk = 16.00 Years (192 Months)
- Portsmouth = 16.17 Years (194 Months)
- Richmond = 15.08 Years (181 Months)
- Roanoke = 32.00 Years (384 Months)
- Virginia Beach = 11.08 Years (133 Months)
25% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
Net Worth at 40 Years
- Alexandria = $5.47M
- Chesapeake = $16.48M
- Hampton = $17.62M
- Newport News = $15.62M
- Norfolk = $17.76M
- Portsmouth = $16.22M
- Richmond = $20.55M
- Roanoke = $9.50M
- Virginia Beach = $31.31M
Month First Achieved Financial Independence
- Alexandria = 69.00 Years (828 Months)
- Chesapeake = 27.00 Years (324 Months)
- Hampton = 16.00 Years (192 Months)
- Newport News = 20.00 Years (240 Months)
- Norfolk = 17.92 Years (215 Months)
- Portsmouth = 18.00 Years (216 Months)
- Richmond = 18.25 Years (219 Months)
- Roanoke = 32.08 Years (385 Months)
- Virginia Beach = 14.00 Years (168 Months)
5% Property Price Premium While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
Net Worth at 40 Years
- Alexandria = $4.43M
- Chesapeake = $11.76M
- Hampton = $18.12M
- Newport News = $14.12M
- Norfolk = $14.84M
- Portsmouth = $16.37M
- Richmond = $18.99M
- Roanoke = $7.75M
- Virginia Beach = $34.45M
Month First Achieved Financial Independence
- Alexandria = 74.00 Years (888 Months)
- Chesapeake = 33.08 Years (397 Months)
- Hampton = 18.00 Years (216 Months)
- Newport News = 24.00 Years (288 Months)
- Norfolk = 22.00 Years (264 Months)
- Portsmouth = 19.42 Years (233 Months)
- Richmond = 22.00 Years (264 Months)
- Roanoke = 37.00 Years (444 Months)
- Virginia Beach = 12.67 Years (152 Months)
10% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
Net Worth at 40 Years
- Alexandria = $8.28M
- Chesapeake = $24.31M
- Hampton = $22.38M
- Newport News = $20.76M
- Norfolk = $23.24M
- Portsmouth = $20.47M
- Richmond = $28.25M
- Roanoke = $12.87M
- Virginia Beach = $38.22M
Month First Achieved Financial Independence
- Alexandria = 60.67 Years (728 Months)
- Chesapeake = 19.67 Years (236 Months)
- Hampton = 12.00 Years (144 Months)
- Newport News = 14.17 Years (170 Months)
- Norfolk = 12.00 Years (144 Months)
- Portsmouth = 13.08 Years (157 Months)
- Richmond = 12.00 Years (144 Months)
- Roanoke = 26.50 Years (318 Months)
- Virginia Beach = 10.00 Years (120 Months)
10% Less Job Income While Nomading™
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
Net Worth at 40 Years
- Alexandria = $233.12K
- Chesapeake = $10.39M
- Hampton = $17.92M
- Newport News = $12.79M
- Norfolk = $14.42M
- Portsmouth = $15.94M
- Richmond = $16.96M
- Roanoke = $6.69M
- Virginia Beach = $28.16M
Month First Achieved Financial Independence
- Alexandria = 0.00 Years (0 Months)
- Chesapeake = 34.00 Years (408 Months)
- Hampton = 17.08 Years (205 Months)
- Newport News = 25.08 Years (301 Months)
- Norfolk = 23.08 Years (277 Months)
- Portsmouth = 19.00 Years (228 Months)
- Richmond = 22.00 Years (264 Months)
- Roanoke = 39.00 Years (468 Months)
- Virginia Beach = 14.00 Years (168 Months)
Nomad™ and Sell ALL Rentals if SWR Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
Net Worth at 40 Years
- Alexandria = $5.37M
- Chesapeake = $15.83M
- Hampton = $20.45M
- Newport News = $16.66M
- Norfolk = $18.98M
- Portsmouth = $18.77M
- Richmond = $23.26M
- Roanoke = $6.68M
- Virginia Beach = $35.32M
Month First Achieved Financial Independence
- Alexandria = 64.92 Years (779 Months)
- Chesapeake = 29.17 Years (350 Months)
- Hampton = 14.50 Years (174 Months)
- Newport News = 20.00 Years (240 Months)
- Norfolk = 18.00 Years (216 Months)
- Portsmouth = 16.00 Years (192 Months)
- Richmond = 17.00 Years (204 Months)
- Roanoke = 32.08 Years (385 Months)
- Virginia Beach = 12.00 Years (144 Months)
.25 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
Net Worth at 40 Years
- Alexandria = $5.77M
- Chesapeake = $18.13M
- Hampton = $20.90M
- Newport News = $17.69M
- Norfolk = $20.18M
- Portsmouth = $19.13M
- Richmond = $24.95M
- Roanoke = $9.79M
- Virginia Beach = $35.93M
Month First Achieved Financial Independence
- Alexandria = 68.00 Years (816 Months)
- Chesapeake = 26.33 Years (316 Months)
- Hampton = 14.00 Years (168 Months)
- Newport News = 18.67 Years (224 Months)
- Norfolk = 16.00 Years (192 Months)
- Portsmouth = 15.33 Years (184 Months)
- Richmond = 15.42 Years (185 Months)
- Roanoke = 32.08 Years (385 Months)
- Virginia Beach = 11.00 Years (132 Months)
10% Higher Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
Net Worth at 40 Years
- Alexandria = $7.03M
- Chesapeake = $22.70M
- Hampton = $23.79M
- Newport News = $21.94M
- Norfolk = $24.66M
- Portsmouth = $21.75M
- Richmond = $29.98M
- Roanoke = $11.78M
- Virginia Beach = $40.64M
Month First Achieved Financial Independence
- Alexandria = 61.58 Years (739 Months)
- Chesapeake = 21.00 Years (252 Months)
- Hampton = 12.00 Years (144 Months)
- Newport News = 14.00 Years (168 Months)
- Norfolk = 12.00 Years (144 Months)
- Portsmouth = 13.00 Years (156 Months)
- Richmond = 12.00 Years (144 Months)
- Roanoke = 28.00 Years (336 Months)
- Virginia Beach = 10.00 Years (120 Months)
Nomad to Short-Term Rentals with 25% Higher Rents
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
Net Worth at 40 Years
- Alexandria = $9.12M
- Chesapeake = $26.46M
- Hampton = $24.30M
- Newport News = $22.48M
- Norfolk = $25.46M
- Portsmouth = $22.30M
- Richmond = $30.85M
- Roanoke = $14.33M
- Virginia Beach = $42.96M
Month First Achieved Financial Independence
- Alexandria = 56.50 Years (678 Months)
- Chesapeake = 18.00 Years (216 Months)
- Hampton = 11.25 Years (135 Months)
- Newport News = 13.17 Years (158 Months)
- Norfolk = 11.83 Years (142 Months)
- Portsmouth = 12.33 Years (148 Months)
- Richmond = 11.75 Years (141 Months)
- Roanoke = 23.83 Years (286 Months)
- Virginia Beach = 10.00 Years (120 Months)
Baseline Nomad™ Scenario
Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
Net Worth at 40 Years
- Alexandria = $5.37M
- Chesapeake = $15.83M
- Hampton = $20.45M
- Newport News = $16.66M
- Norfolk = $18.98M
- Portsmouth = $18.77M
- Richmond = $23.26M
- Roanoke = $9.10M
- Virginia Beach = $35.32M
Month First Achieved Financial Independence
- Alexandria = 69.00 Years (828 Months)
- Chesapeake = 29.17 Years (350 Months)
- Hampton = 14.50 Years (174 Months)
- Newport News = 20.00 Years (240 Months)
- Norfolk = 18.00 Years (216 Months)
- Portsmouth = 16.00 Years (192 Months)
- Richmond = 17.00 Years (204 Months)
- Roanoke = 33.42 Years (401 Months)
- Virginia Beach = 12.00 Years (144 Months)
10% Property Manager While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
Net Worth at 40 Years
- Alexandria = $4.89M
- Chesapeake = $12.45M
- Hampton = $16.23M
- Newport News = $12.74M
- Norfolk = $14.80M
- Portsmouth = $14.61M
- Richmond = $18.25M
- Roanoke = $7.33M
- Virginia Beach = $30.43M
Month First Achieved Financial Independence
- Alexandria = 77.33 Years (928 Months)
- Chesapeake = 35.83 Years (430 Months)
- Hampton = 20.58 Years (247 Months)
- Newport News = 27.00 Years (324 Months)
- Norfolk = 24.00 Years (288 Months)
- Portsmouth = 23.00 Years (276 Months)
- Richmond = 23.00 Years (276 Months)
- Roanoke = 38.08 Years (457 Months)
- Virginia Beach = 14.83 Years (178 Months)
3% Property Price Discount While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
Net Worth at 40 Years
- Alexandria = $6.12M
- Chesapeake = $18.67M
- Hampton = $21.10M
- Newport News = $18.42M
- Norfolk = $20.94M
- Portsmouth = $19.22M
- Richmond = $25.64M
- Roanoke = $10.23M
- Virginia Beach = $36.24M
Month First Achieved Financial Independence
- Alexandria = 67.00 Years (804 Months)
- Chesapeake = 26.00 Years (312 Months)
- Hampton = 14.00 Years (168 Months)
- Newport News = 17.67 Years (212 Months)
- Norfolk = 15.00 Years (180 Months)
- Portsmouth = 15.00 Years (180 Months)
- Richmond = 14.83 Years (178 Months)
- Roanoke = 32.00 Years (384 Months)
- Virginia Beach = 11.00 Years (132 Months)
Nomad™ and Payoff OO if Achieves FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
Net Worth at 40 Years
- Alexandria = $5.37M
- Chesapeake = $15.83M
- Hampton = $20.45M
- Newport News = $16.66M
- Norfolk = $18.98M
- Portsmouth = $18.77M
- Richmond = $23.26M
- Roanoke = $9.02M
- Virginia Beach = $35.32M
Month First Achieved Financial Independence
- Alexandria = 0.00 Years (0 Months)
- Chesapeake = 29.17 Years (350 Months)
- Hampton = 14.50 Years (174 Months)
- Newport News = 20.00 Years (240 Months)
- Norfolk = 18.00 Years (216 Months)
- Portsmouth = 16.00 Years (192 Months)
- Richmond = 17.00 Years (204 Months)
- Roanoke = 32.67 Years (392 Months)
- Virginia Beach = 12.00 Years (144 Months)
Buy Non-Owner-Occupant All Cash As Renter
Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
Net Worth at 40 Years
- Alexandria = $4.50M
- Chesapeake = $6.20M
- Hampton = $8.30M
- Newport News = $7.13M
- Norfolk = $7.52M
- Portsmouth = $7.80M
- Richmond = $7.51M
- Roanoke = $5.37M
- Virginia Beach = $9.10M
Month First Achieved Financial Independence
- Alexandria = 65.00 Years (780 Months)
- Chesapeake = 35.33 Years (424 Months)
- Hampton = 26.58 Years (319 Months)
- Newport News = 28.58 Years (343 Months)
- Norfolk = 27.00 Years (324 Months)
- Portsmouth = 26.75 Years (321 Months)
- Richmond = 29.00 Years (348 Months)
- Roanoke = 33.17 Years (398 Months)
- Virginia Beach = 29.25 Years (351 Months)
Buy Non-Owner-Occupant All Cash
Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
Net Worth at 40 Years
- Alexandria = $5.30M
- Chesapeake = $9.35M
- Hampton = $10.91M
- Newport News = $9.53M
- Norfolk = $10.08M
- Portsmouth = $10.09M
- Richmond = $11.32M
- Roanoke = $6.48M
- Virginia Beach = $17.44M
Month First Achieved Financial Independence
- Alexandria = 57.00 Years (684 Months)
- Chesapeake = 30.42 Years (365 Months)
- Hampton = 22.00 Years (264 Months)
- Newport News = 24.42 Years (293 Months)
- Norfolk = 22.33 Years (268 Months)
- Portsmouth = 22.67 Years (272 Months)
- Richmond = 23.17 Years (278 Months)
- Roanoke = 31.83 Years (382 Months)
- Virginia Beach = 20.92 Years (251 Months)
Nomad™ Start with $0
Do the traditional Nomad™ strategy except you start with $0 saved up.
Net Worth at 40 Years
- Alexandria = $4.46M
- Chesapeake = $14.70M
- Hampton = $19.47M
- Newport News = $15.79M
- Norfolk = $17.95M
- Portsmouth = $17.85M
- Richmond = $21.09M
- Roanoke = $8.66M
- Virginia Beach = $31.86M
Month First Achieved Financial Independence
- Alexandria = 73.00 Years (876 Months)
- Chesapeake = 30.83 Years (370 Months)
- Hampton = 15.67 Years (188 Months)
- Newport News = 21.00 Years (252 Months)
- Norfolk = 19.00 Years (228 Months)
- Portsmouth = 17.00 Years (204 Months)
- Richmond = 19.00 Years (228 Months)
- Roanoke = 34.50 Years (414 Months)
- Virginia Beach = 13.42 Years (161 Months)
5% Property Price Discount While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
Net Worth at 40 Years
- Alexandria = $6.61M
- Chesapeake = $20.09M
- Hampton = $21.31M
- Newport News = $19.94M
- Norfolk = $22.37M
- Portsmouth = $19.72M
- Richmond = $26.19M
- Roanoke = $10.99M
- Virginia Beach = $37.21M
Month First Achieved Financial Independence
- Alexandria = 65.42 Years (785 Months)
- Chesapeake = 24.00 Years (288 Months)
- Hampton = 13.00 Years (156 Months)
- Newport News = 16.00 Years (192 Months)
- Norfolk = 13.92 Years (167 Months)
- Portsmouth = 15.00 Years (180 Months)
- Richmond = 14.00 Years (168 Months)
- Roanoke = 30.58 Years (367 Months)
- Virginia Beach = 11.00 Years (132 Months)
.5 Better Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
Net Worth at 40 Years
- Alexandria = $6.26M
- Chesapeake = $19.64M
- Hampton = $21.39M
- Newport News = $19.17M
- Norfolk = $21.74M
- Portsmouth = $19.60M
- Richmond = $25.93M
- Roanoke = $10.56M
- Virginia Beach = $37.01M
Month First Achieved Financial Independence
- Alexandria = 66.00 Years (792 Months)
- Chesapeake = 24.17 Years (290 Months)
- Hampton = 13.67 Years (164 Months)
- Newport News = 16.25 Years (195 Months)
- Norfolk = 14.92 Years (179 Months)
- Portsmouth = 15.00 Years (180 Months)
- Richmond = 14.25 Years (171 Months)
- Roanoke = 31.33 Years (376 Months)
- Virginia Beach = 11.00 Years (132 Months)
3% Commission While Nomading™ as Real Estate Agent
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
Net Worth at 40 Years
- Alexandria = $5.94M
- Chesapeake = $16.60M
- Hampton = $21.02M
- Newport News = $17.29M
- Norfolk = $19.58M
- Portsmouth = $19.31M
- Richmond = $24.18M
- Roanoke = $9.52M
- Virginia Beach = $36.04M
Month First Achieved Financial Independence
- Alexandria = 66.42 Years (797 Months)
- Chesapeake = 28.92 Years (347 Months)
- Hampton = 14.00 Years (168 Months)
- Newport News = 19.67 Years (236 Months)
- Norfolk = 17.42 Years (209 Months)
- Portsmouth = 15.42 Years (185 Months)
- Richmond = 17.00 Years (204 Months)
- Roanoke = 33.00 Years (396 Months)
- Virginia Beach = 11.17 Years (134 Months)
Nomad™ and Sell SOME Rentals to Payoff Others if FI
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
Net Worth at 40 Years
- Alexandria = $5.37M
- Chesapeake = $10.76M
- Hampton = $17.76M
- Newport News = $12.14M
- Norfolk = $15.50M
- Portsmouth = $15.46M
- Richmond = $19.77M
- Roanoke = $7.76M
- Virginia Beach = $35.32M
Month First Achieved Financial Independence
- Alexandria = 62.92 Years (755 Months)
- Chesapeake = 23.42 Years (281 Months)
- Hampton = 14.33 Years (172 Months)
- Newport News = 17.83 Years (214 Months)
- Norfolk = 17.08 Years (205 Months)
- Portsmouth = 14.67 Years (176 Months)
- Richmond = 16.92 Years (203 Months)
- Roanoke = 27.08 Years (325 Months)
- Virginia Beach = 12.00 Years (144 Months)
20% Down Payment Non-Owner-Occupant
Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
Net Worth at 40 Years
- Alexandria = $5.45M
- Chesapeake = $16.96M
- Hampton = $18.27M
- Newport News = $16.04M
- Norfolk = $18.06M
- Portsmouth = $16.69M
- Richmond = $21.09M
- Roanoke = $9.51M
- Virginia Beach = $32.27M
Month First Achieved Financial Independence
- Alexandria = 69.00 Years (828 Months)
- Chesapeake = 28.00 Years (336 Months)
- Hampton = 16.00 Years (192 Months)
- Newport News = 20.00 Years (240 Months)
- Norfolk = 18.00 Years (216 Months)
- Portsmouth = 18.00 Years (216 Months)
- Richmond = 18.00 Years (216 Months)
- Roanoke = 32.08 Years (385 Months)
- Virginia Beach = 13.08 Years (157 Months)
.25 Worse Interest Rate While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
Net Worth at 40 Years
- Alexandria = $4.97M
- Chesapeake = $13.89M
- Hampton = $19.56M
- Newport News = $15.78M
- Norfolk = $17.99M
- Portsmouth = $17.69M
- Richmond = $22.14M
- Roanoke = $8.56M
- Virginia Beach = $34.27M
Month First Achieved Financial Independence
- Alexandria = 71.67 Years (860 Months)
- Chesapeake = 31.00 Years (372 Months)
- Hampton = 16.00 Years (192 Months)
- Newport News = 21.25 Years (255 Months)
- Norfolk = 19.00 Years (228 Months)
- Portsmouth = 17.83 Years (214 Months)
- Richmond = 18.17 Years (218 Months)
- Roanoke = 34.00 Years (408 Months)
- Virginia Beach = 12.00 Years (144 Months)
10% Lower Rents While Nomading™
Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
Net Worth at 40 Years
- Alexandria = $4.14M
- Chesapeake = $11.05M
- Hampton = $15.35M
- Newport News = $11.98M
- Norfolk = $12.49M
- Portsmouth = $13.95M
- Richmond = $16.55M
- Roanoke = $7.00M
- Virginia Beach = $29.56M
Month First Achieved Financial Independence
- Alexandria = 81.00 Years (972 Months)
- Chesapeake = 37.00 Years (444 Months)
- Hampton = 21.42 Years (257 Months)
- Newport News = 28.00 Years (336 Months)
- Norfolk = 26.00 Years (312 Months)
- Portsmouth = 23.00 Years (276 Months)
- Richmond = 25.00 Years (300 Months)
- Roanoke = 39.33 Years (472 Months)
- Virginia Beach = 15.00 Years (180 Months)
No Real Estate, Invest in Stocks
Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
Net Worth at 40 Years
- Alexandria = $4.35M
- Chesapeake = $4.02M
- Hampton = $3.90M
- Newport News = $3.91M
- Norfolk = $3.93M
- Portsmouth = $3.89M
- Richmond = $3.98M
- Roanoke = $3.89M
- Virginia Beach = $4.03M
Month First Achieved Financial Independence
- Alexandria = 66.50 Years (798 Months)
- Chesapeake = 51.75 Years (621 Months)
- Hampton = 44.92 Years (539 Months)
- Newport News = 44.83 Years (538 Months)
- Norfolk = 44.75 Years (537 Months)
- Portsmouth = 44.92 Years (539 Months)
- Richmond = 48.50 Years (582 Months)
- Roanoke = 45.00 Years (540 Months)
- Virginia Beach = 51.75 Years (621 Months)
Pay off mortgages early when Nomading™ with any excess cash.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
Net Worth at 40 Years
- Alexandria = $5.30M
- Chesapeake = $15.33M
- Hampton = $20.16M
- Newport News = $16.13M
- Norfolk = $18.52M
- Portsmouth = $17.58M
- Richmond = $22.46M
- Roanoke = $9.04M
- Virginia Beach = $35.54M
Month First Achieved Financial Independence
- Alexandria = 62.75 Years (753 Months)
- Chesapeake = 26.83 Years (322 Months)
- Hampton = 13.92 Years (167 Months)
- Newport News = 18.33 Years (220 Months)
- Norfolk = 16.17 Years (194 Months)
- Portsmouth = 15.00 Years (180 Months)
- Richmond = 16.50 Years (198 Months)
- Roanoke = 28.75 Years (345 Months)
- Virginia Beach = 11.92 Years (143 Months)
Pay off mortgages in full early when Nomading™.
Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
Net Worth at 40 Years
- Alexandria = $5.37M
- Chesapeake = $15.91M
- Hampton = $20.07M
- Newport News = $16.11M
- Norfolk = $18.48M
- Portsmouth = $18.11M
- Richmond = $22.68M
- Roanoke = $8.92M
- Virginia Beach = $35.51M
Month First Achieved Financial Independence
- Alexandria = 67.25 Years (807 Months)
- Chesapeake = 25.00 Years (300 Months)
- Hampton = 13.92 Years (167 Months)
- Newport News = 18.00 Years (216 Months)
- Norfolk = 16.08 Years (193 Months)
- Portsmouth = 14.33 Years (172 Months)
- Richmond = 16.00 Years (192 Months)
- Roanoke = 28.00 Years (336 Months)
- Virginia Beach = 11.83 Years (142 Months)
25% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Alexandria = $4.86M
- Chesapeake = $14.45M
- Hampton = $17.47M
- Newport News = $15.26M
- Norfolk = $17.43M
- Portsmouth = $16.00M
- Richmond = $19.68M
- Roanoke = $9.10M
- Virginia Beach = $29.46M
Month First Achieved Financial Independence
- Alexandria = 74.00 Years (888 Months)
- Chesapeake = 30.00 Years (360 Months)
- Hampton = 17.92 Years (215 Months)
- Newport News = 21.00 Years (252 Months)
- Norfolk = 19.42 Years (233 Months)
- Portsmouth = 19.00 Years (228 Months)
- Richmond = 20.33 Years (244 Months)
- Roanoke = 33.42 Years (401 Months)
- Virginia Beach = 17.00 Years (204 Months)
20% Down Payment Non-Owner-Occupant as Renter
Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Net Worth at 40 Years
- Alexandria = $4.76M
- Chesapeake = $15.23M
- Hampton = $18.19M
- Newport News = $15.75M
- Norfolk = $18.23M
- Portsmouth = $16.55M
- Richmond = $20.54M
- Roanoke = $8.99M
- Virginia Beach = $4.03M
Month First Achieved Financial Independence
- Alexandria = 76.58 Years (919 Months)
- Chesapeake = 29.92 Years (359 Months)
- Hampton = 18.00 Years (216 Months)
- Newport News = 22.00 Years (264 Months)
- Norfolk = 19.00 Years (228 Months)
- Portsmouth = 19.00 Years (228 Months)
- Richmond = 20.00 Years (240 Months)
- Roanoke = 34.17 Years (410 Months)
- Virginia Beach = 51.75 Years (621 Months)
More Model Comparisons for Virginia
The following are the various scenarios we ran summarized with Virginia cities highlighted.
- Is it better to put 20% down or 25% down when buying rentals? - First, we buy an owner-occupant property with 5% down then we start buying rental properties. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down or 25% down when buying rentals when you don't buy an owner-occupant property first? - We start buying rental properties immediately... even before we buy an owner-occupant property. Should we put 20% down for buying the rentals or 25% down. See how putting 20% down or 25% down does as we model it across the US in over 300 cities.
- Is it better to put 20% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 20% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy.
- When Nomading™ should you consider selling ALL your rentals if it means you'd be able to invest in stocks, bonds or something else and live off these investments using a Safe Withdrawal Rate instead of the cash flow from rentals? - You could acquire a portfolio of rentals utilizing the Nomad™ real estate investing strategy and wait for the cash flow to be great enough for you to be able to achieve financial independence from the cash flow. But, what about the equity in your properties? Would it be better for you to sell off all the rentals and take the net proceeds after all the expenses and invest that in something else. Then, live off these other investments using a Safe Withdrawal Rate?
- Is it better to put 25% down and buy rental properties or Nomad™ with 5% down to acquire 10 rentals? - Will you be able to be financially independent faster and with less risk if you buy just an owner-occupant property with 5% down then buy up to 9 more rentals by saving up 25% down payment for each one, or is it better to acquire 10 properties by putting 5% down for each one using the Nomad™ strategy. 25% down has a slighter better interest rate than 20% down.
- Is it better to buy 20% down rentals or invest in stocks? - See how buying 20% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to buy 25% down rentals or invest in stocks? - See how buying 25% down rentals does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or invest in stocks? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying no real estate and only investing in stocks as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy a single owner-occupant with 5% down then buy up to 9 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying just one owner-occupant with 5% down then buying up to 9 rentals all cash as we model it across the US in over 300 cities.
- Is it better to use the Nomad™ strategy to acquire rental properties or buy up to 10 rentals all cash? - See how buying properties as an owner-occupant with 5% down then converting them to rentals after living there for at least a year does compared to buying up to 10 rentals all cash as we model it across the US in over 300 cities.
- Is it better to buy rentals with 20% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 20% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to buy rentals with 25% down or all cash after buying a single owner-occupant property with 5% down first? - See how buying rental properties with 25% down compares to buying rentals for all cash after, in both cases, buying a single owner-occupant property with 5% down first as we model it across the US in over 300 cities.
- Is it better to pay off rentals when Nomading™ early with extra cash flow or only pay them off in full? - When you're Nomading™, should you pay off mortgages early? Specifically, is it better to take any excess cash and pay off rentals early with any excess cash you have or wait until you've saved up enough where you pay off the mortgage in full and keep the excess money in the stock market while you're waiting. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals early with extra cash flow or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties early with extra flow? See which is better as we model it across the US in over 300 cities.
- Is it better to pay off rentals in full early or traditional Nomad™? - Is it better to pay off mortgages early? Should you do traditional Nomad™ or pay off your Nomad™ properties in full early? You keep your money invested in the stock market until you have enough to pay off the lowest balance mortgage. See which is better as we model it across the US in over 300 cities.
- Is it better to pay off your owner-occupant mortgage when Nomading™? - Is it better to pay off your owner-occupant mortgage when Nomading™ if that means you're financially independent? Or, should you just do traditional Nomad™ without paying off your owner-occupant property early? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 20% down payment rentals or keep renting instead? - When you're buying 20% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy an owner-occupant property for 5% down when otherwise buying 25% down payment rentals or keep renting instead? - When you're buying 25% down payment rentals, should you first buy an owner-occupant property for 5% down? Or, should you remain a renter yourself? See which is better as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 20% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 20% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
- Is it better to buy a single owner-occupant with 5% down then buy up to 9 rentals all cash or with 25% down payments? - First, buy an owner-occupant property with 5% down and PMI. Then, let's see if it is better to put 25% down to acquire up to 9 more rentals or to save up to buy all properties all cash without any loan. Explore this comparison as we model it across the US in over 300 cities.
Specific Strategy Summaries for Virginia Cities
The following are the various scenarios we ran summarized with Virginia cities highlighted.
Check out how these reports summarizing how a particular strategy performed across all states:
- 5% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 5% lower rents.
- 5% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 5% higher rents.
- 10% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 10% premium.
- Nomad to Short-Term Rentals with 75% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 75% higher rents but with doubled maintenance expenses as well.
- .5 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 worse/higher mortgage interest rate.
- Nomad to Short-Term Rentals with 50% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 50% higher rents but with doubled maintenance expenses as well.
- 10% More Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% more income than in the Baseline Nomad™ Scenario.
- 25% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 25% down payments.
- 5% Property Price Premium While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except forced to buy properties at a 5% premium.
- 10% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 10% discount.
- 10% Less Job Income While Nomading™ - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy but model it with the investor earning 10% less income than in the Baseline Nomad™ Scenario.
- Nomad™ and Sell ALL Rentals if SWR Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell all the rental properties if by doing so you can invest the proceeds and achieve financial independence utilizing a Safe Withdrawal Rate of the money you have invested.
- .25 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 better/lower mortgage interest rate.
- 10% Higher Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are able to get 10% higher rents.
- Nomad to Short-Term Rentals with 25% Higher Rents - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you utilize a short-term rental strategy after moving out and are able to get 25% higher rents but with doubled maintenance expenses as well.
- Baseline Nomad™ Scenario - Buy up to 10 owner-occupant properties using the Nomad™ real estate investing strategy.
- 10% Property Manager While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except hire a professional property manager costing 10% of gross rents.
- 3% Property Price Discount While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you take your 3% commission as a discount off the purchase price.
- Nomad™ and Payoff OO if Achieves FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except payoff your owner-occupant property if by doing so that means you achieve financial independence.
- Buy Non-Owner-Occupant All Cash As Renter - Save up and buy up to 10 non-owner-occupant properties all cash (without any mortgage) while you remain a renter the entire time.
- Buy Non-Owner-Occupant All Cash - Buy 1 owner-occupant property with 5% down then save up and buy up to 9 non-owner-occupant properties all cash (without any mortgage).
- Nomad™ Start with $0 - Do the traditional Nomad™ strategy except you start with $0 saved up.
- 5% Property Price Discount While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties at a 5% discount.
- .5 Better Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .5 better/lower mortgage interest rate.
- 3% Commission While Nomading™ as Real Estate Agent - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except as a real estate agent you earn a 3% commission with each property you purchase.
- Nomad™ and Sell SOME Rentals to Payoff Others if FI - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except sell some rental properties if by doing so you can payoff the others and achieve financial independence primarily from free and clear cash flow.
- 20% Down Payment Non-Owner-Occupant - Buy 1 owner-occupant property with 5% down then up to 9 non-owner-occupant properties with 20% down payments.
- .25 Worse Interest Rate While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except able to buy properties with a .25 worse/higher mortgage interest rate.
- 10% Lower Rents While Nomading™ - Buy up to 10 owner-occupant properties utilizing the Nomad™ real estate investing strategy like the Baseline Nomad™ Scenario except you are only able to get 10% lower rents.
- No Real Estate, Invest in Stocks - Save up and invest in stocks while you remain a renter the entire time. Do not buy any real estate... owner-occupant or investment.
- Pay off mortgages early when Nomading™ with any excess cash. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early with any excess cash.
- Pay off mortgages in full early when Nomading™. - Do the traditional Nomad™ strategy except you pay off the lowest balance mortgage early but only when you can pay off the entire balance in full.
- 25% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 25% down payments, but never buy an owner-occupant property. Remain a renter instead.
- 20% Down Payment Non-Owner-Occupant as Renter - Buy up to 10 non-owner-occupant properties with 20% down payments, but never buy an owner-occupant property. Remain a renter instead.
Detailed Virginia City-Specific Modeling
Check out the detailed modeling for these Virginia cities.








