Just getting started from Richmond, Virginia!

[Gregory A.]

Hello Bigger Pockets!

I have been soaking up as much information as I can about real estate investing for a little over a year now and feel as though I have a decent foundation but there is always so much more to learn!

I separated from the US Navy after 8 years of service and I am ready to get started with a new career. At the moment I intend on investing in residential scale multi-family properties in Indianapolis, IN because that is where I am from and assume I will probably move back there at some point. The real estate there is also much more affordable in Indianapolis than it is here in Richmond, VA.

My goal is to do buy and hold multi-family real estate properties. I am going to have 100 units by the time I am 40 which is in a little over 8 years from now. I am hoping to connect with other real estate investors, especially local (here in Richmond, VA) ones so I can pick your brain and experience as well as lenders, property managers, contractors and real estate agents.

Thank you all for reading and I look forward to building a new network of like minded real estate investors!

Gregory

[John Curd]

Hi Gregory!  First, thank you for your service!

I am from the Richmond, VA area - growing up just 30 minutes south, going to college 30 minutes north, and working in and around Richmond for the past 10 years.

Yea, you can thank the high paying tech jobs for the high real estate costs in Richmond (Capital One, etc.).  If you're looking for more affordable properties, some of the "sketchier" areas of Church Hill, Brookland Park, etc. have some deals to be found.  If you are willing to go to Norfolk, Newport News, Hopewell, or Petersburg, there are more deals.  

I currently use Property Management Inc for my one rental property.  I'm new to the forums and haven't stumbled across any property managers from Richmond yet.  I have a pretty good general contractor, but he is a small time operation and sometimes it is hard for him to accomodate.