All Forum Posts by: James Selbe

Hi Corey,

I got my start in partnership with a fellow Marine.  We started in MD and are now investing locally.  Happy to meet up one day and share our experiences.

S/F

Jim

I am a licensed agent in VA and have several investors who frequently purchase properties in that area. Happy to discuss options and bring an offer.

Look at Lima One Capital.  https://limaonecapital.com/

Craig Buck in Fredericksburg has considerable experience in CFD. He even wrote a book on the topic. http://www.virginiaclosings.com/AssumeAnyLoan.html

Hi Twana,

My partner and I started to buy remote rentals and have learned that our success or failure is directly related to the quality of our property manager.  We are going to sell our portfolio of remote rentals soon but only because we need the capital for flips.

You made a great start by joining Bigger Pockets.  Spend time in the education section as you get started.

Get a good mentor!

Hi Mark.  I took the same approach and after two years, I have found that cons have outweighed the pros in terms of marketing and selling my own properties.  My broker took me on knowing this was my intent so that was not a problem.  I have, however, discovered that learning what I need to know best represent myself is a full-time endeavor and recently decided to let a very knowledgeable and experienced agent sell my properties.  I strongly believe the costs will be a positive over the long haul.  The reality is ff we don't close, our capital is tied up, holdings costs continue to increase, and we can't move on to the next property.  Others may have had a very different experience so I look forward to their feedback.

I am a licensed realtor in VA and as Russell pointed out, VA requires an agreement. That being said, I work with a number of investors and some of my agreements limit my representation. For example, I have a investor who prefers to work with another agent in three specific counties. Those counties are excluded from our agreement. At the end of the day, an agent who will look our for your best interests will not let the buyer agreement get in the way of doing that.

Here is a relatively intuitive tool I have found useful when evaluating rental properties:

www.goodmortgage.com/calculators/investment_property.html