All Forum Posts by: Daniel Harnsberger

JES Foundation Repair is reputable.

Clifton Mallory - Title Alliance of Virginia and Apex Title are "wholesale friendly" but I recommend using an attorney in most cases. Mine has an in-house title company. PM me for more info.

Unlimitedskiptrace.com is possibly the most useless thing on the internet.  It said it had no record of my existence.

Kevin Booker - tell us what you're looking for.

@Stacy E.,

What part of Richmond are you moving to? If it's the Chesterfield area, I may have something for you. Please call me.

Lisa Wood - I'm in Richmond nearby. While I don't invest in Petersburg, I am familiar with the area and have even taken a real estate bus tour of the town. In some of its less desirable areas there may be numerous opportunities to get into a property for no and low $ down. To understand how to do this, I recommend reading Brandon Turner 's book on the subject- a game changer for me- as well as perusing the forums. This leads me to piggybacking off a couple of points that have been made in earlier comments. 1. You need to get educated. A lot of that can come through taking action, but where your financial situation sounds like it allows no margin for error, I would advise at least acquiring some real estate knowledge before starting. 2. The get rich quick mentality is something you need to purge your mind of whether you choose to actually dedicated yourself to real estate or not. I focus on buy and hold properties but I do it knowing that it's a slow burn to get to where I want to be financially. Hope this helps. You're welcome to contact me with further questions.

Adam Marley - welcome to BP from an investor in your area. BP is a great place to get educated, but there's no better teacher than experience. See if someone wants to sell you (on terms) one of those houses you've been working on, for example. Take action! If you have questions, I'm here to help. All the best!

Serita Bowman - by the way you ask the question through the use of the word "home" it makes me think you are buying your first retail purchase, A property for you and your family to live in. If that's the case, I can recommend several great buyers agents as well as closing attorneys. If you are purchasing your first investment property, for your team- to start-I recommend: -a great realtor who knows the area you are investing in -a licensed and insured general contractor (vet that person through contacting precious clients, visiting their active job sites) -a real estate attorney who understands and specializes in working with investors -a CPA who works with investors Hope this helps with either scenario.

Look up real estate attorneys in Richmond, VA. I use @Sean Tluchak.  It's worth spending the money so you have a professional contract that protects you and offers protection to your seller as well.  I would not recommend closing a real estate deal without an attorney anyways.

@Jonathan Horton,

Consider offering your Charlotte property as a lease-purchase (rent-to-own).  See what it's worth today, mark it up between 10-15%, then request a down payment from a tenant-buyer (usually $5k if it's worth between $150-$300k), then finance the rest to the tenant-buyer at a payment and interest rate higher than what you're paying now.

In a lease-purchase/rent-to-own situation, the tenant-buyer is responsible for general maintenance.  Add property management to the equation to give you boots on the ground.

Then, if your tenant-buyer closes after two years of renting (standard time frame for that type of agreement), you have gotten profit up front (down payment...which may help you with your down payment to own a house here in Richmond, VA), two years passive income (sans prop mgmt), and then the spread between what you owe the bank and what the seller owes you.

I know this is a lot.  If you have questions, feel free to message me or call.

All the best!