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Updated over 5 years ago on . Most recent reply

Account Closed
  • Washington D.C. Area
2
Votes |
8
Posts

Care to share your BRRRR experience in Richmond, VA?

Account Closed
  • Washington D.C. Area
Posted

I'm looking into Richmond, VA for deals and a new rental property. I have found some possible deals but not sure how to judge based off of the posting alone as I am a couple of hours away.

Any one care to share some tips of what they look for first in a posting before getting serious about it? Any local investors in Richmond (or agents) want to discuss?

Most Popular Reply

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204
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297
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Stephen Glover
  • Property Manager
  • Richmond, VA
297
Votes |
204
Posts
Stephen Glover
  • Property Manager
  • Richmond, VA
Replied

@Account Closed has the right idea, however with one small edit. They will help tremendously, but they will not do all the work for you. You have to be willing to put in the effort to help your team and they will do their part as well. It's critical to find a good property manager, RE agent, and General Contractor for a BRRRR. You might be able to find one rockstar and have them introduce you to the rest. However if any investor wants those professionals to do all the work for them I don't think you'll get very far with introductions. If you get to the point of doing many transactions at a high frequency with the same team then things might be a little different. Developing relationships in your desired market is the way to start, in my opinion.

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