Hello BP Richmond family! My name is Raf, and I'm screening Richmond as a potential market for BRRRR investments. Would love to connect with other investors/agents in the market who are more knowledgeable than myself. Would love to hear especially from investors who have either done BRRRR here themselves or agents who have helped others BRRRR. Please feel free to PM me!
Realtor · Richmond, VA · Member since 2017 · 118 posts · 113 votes
3y
Hey Raf,
I check all your boxes - agent, investor, and have completed BRRRRs in Richmond!
Richmond has been a fantastic market and has grown a ton, and continues to grow faster than more other parts of the state. That being said, BRRRRs are very difficult to pull off right now due to rates. If you don't mind leaving some capital in the deal when you refinance, we can make that work. Also, if you pivot towards a mid-term rental (instead of a standard 12 month lease) you may be able to improve cash flow in a way that makes a BRRRR more lucrative/cash flowing.
Happy to connect for a phone call if your'e interested.