All Forum Posts by: Dustin Smith

@Linda S. Great advice, thank you! I've got another duplex in the area and am in the process of converting the tenants over to a month to month lease. I think it will work much better.

@Mike S. I did end up putting it on the market, 609 Harding St if you're interested. 

Thanks for the input! I agree it is very hard to find a cash flowing property in the area right now. 

I live 30 minutes north in Richmond 

Newbie looking for advice. Bought a cheap home 2bd 1ba in Petersburg, VA for 25k a couple years ago. Had a problem tenant throughout covid and just now got him out. Debating on whether or not to sell the home or put money in to repair and re-rent. In order to rent out now I'm looking at about 5k in repairs. Mortgage is less than 300 and should rent for 8-850 if i move forward with the repairs. On the other hand, real estate agent thinks I could sell in current condition for 50k. So attempt to sell and roll any profit into a new property through a 1031 or fix up and re-rent?

I currently have a few rental properties in the Petersburg area, but am living in Richmond. I am wanting to invest in an owner occupied unit in the Richmond area next. Looking to find a real estate agent who has an eye for good investment deals. Would appreciate any recommendations.