Just getting started in Richmond, VA

[Laurie Falk]

Hi Everyone!!

I'm Laurie and just joined BP to get some information on getting started in real estate investing. I'm still a little bit out in order to get more money to get started, but feel like I should gather as much information as possible before then. 

I purchased my first personal home in 2012 and sold it earlier this year. It was a foreclosure that allowed me to do some (mainly cosmetic) upgrades and sell for a profit. I just purchased my second home a few months ago. While I'm in a similar situation with it being a foreclosure that has some minor upgrade potential, I'm not in love with the house and starting to regret tying up a lot of cash in it. I'm toying with the idea of doing the fixes/upgrades and sell it in the spring to find a multi-family to live in while renting out the other units. 

I love the idea of finding a flip too-- one of my favorite parts of the old house was seeing where it came from and what I made it look like. I've looked at a couple places in Richmond that are in my current price range (with what I can get a mortgage on), but they are in not great areas and need more work than I could do myself. Ultimately, I'd like to get to the point with investing where I don't need to have a full-time corporate job.

I look forward to meeting people on here and gaining the knowledge to become a very successful investor. 

Thanks!!