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Updated over 4 years ago,
Neighborhood to invest in Richmond, VA
Hi, I'm a fairly new investor in Richmond, VA. I have purchased two rental properties (1 townhouse and 1 duplex) on the west end last year. They are not the traditional type of properties investors would buy to BRRRR, but it does cash flow well ($400+ for the townhouse and $800+ for the duplex) and fairly easy to self-manage. As both me and my husband work full-time and have a young baby, we prefer properties that do not require tons of rehab and can rent out after quick fixes with good cashflow and potential for appreciation. What are some neighborhood that I should focus on in Richmond the the surrounding areas? The West End does have some townhouses/condos that meet our criteria, but it's getting very competitive. I want to ask my fellow Richmond investors if there is any other neighborhood that may have similar properties (hoping to buy some detached SFHs too to diversify). Thank you!!