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Updated over 6 years ago on . Most recent reply

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Matthew Thomas
  • richmond
1
Votes |
16
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Looking to make connections with people in Virginia

Matthew Thomas
  • richmond
Posted

Hello everyone, I'm an engineer in Richmond Virginia. I have some investment experience in stocks and cryptocurrencies but the volatility and risk involved in both have motivated me to look for other ways to invest, so for the past 6 months to a year I've been looking into various options. Real estate has always interested me but in the past I've always had the mindset of , "I just don't have the capital yet"... After stumbling across the podcast in the recommended section of youtube I have been going through 10-15 podcasts a week and reading a lot on the website. I would love to connect with people in Virginia that have experience in BRRRR or multi family properties, so far I haven't seen many people on the forums from my area but I'm sure you have to be out there!

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Replied

I have to respectfully disagree regarding a primary residence. By your photo you appear relatively young (myself being 38). Having purchased a primary residence first which then became a rental, I'd suggest only buying a primary if you can house hack to live for free, otherwise keep your personal expenses as low as possible to save up for a rental. There are quite a few 4plexes in Carytown that you could purchase on a primary residence loan, though I'm not a Richmond resident and am not current on pricing. Hope that helps.

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