New Investor in Richmond

[Thomas Zidron]

Hello BP Community!

My name is Tom and I just recently moved to Richmond last year. Have been renting for too long and am finally looking to purchase an investment property.

A little background on myself is I have worked in the construction industry for ~10 years and 2 years ago started a residential construction company in Chicago. With that I’ve gained a lot of experience in renovations as well as working with lenders and different types of financing. However, I would now like to jump into it myself and would love some advice either in general or on the Richmond area.

At this time I would love to find something in need of a cosmetic rehab with intention to either flip or rent out to tenants. My biggest concern is if this is a bad time to start with the current market?

Appreciate any and all advice! Thanks in advance.