New investor - inherited a house in 23236

[Natasha Liu]

Investment Info:

Single-family residence buy & hold investment in North Chesterfield.

I inherited a 4 bedroom, 2.5 bathroom house in North Chesterfield, VA (23236). I am thinking of renting out the house to fund my parents' retirement. I'm very new to real estate investing & am currently reading real estate books to get more informed. Would love to connect with people who are knowledgable about this particular area.

What made you interested in investing in this type of deal?

I want to fund my parents' retirement.

How did you find this deal and how did you negotiate it?

I inherited it from my grandfather.

How did you finance this deal?

N/A. Inheritance.

How did you add value to the deal?

N/A. Inheritance.

What was the outcome?

It was an inheritance.

Lessons learned? Challenges?

Currently learning about what I need to do to make it a competitive rental property in 23236.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

N/A.