All Forum Posts by: Logan Ryan

Hello @Tia Conner! I specialize in working with investors in Central Virginia, including Richmond. Adding to John's comment, for short term rentals a lot of the counties around Richmond either just haven't caught up to address it or are handling it differently. For example, in Hanover County they aren't searching AirBnB to bust people, but if they get complaints they will fine. Each county is different! Happy to chat more.

How is the Raleigh, NC market?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $170,000

My clients bought this home to fix and hold. It needed mostly flooring and paint to get it rental ready! It has great placement on a main road, so it gets lots of visibility when a tenant is needed.

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

The home needed some updating, which allowed us to negotiate on the price and got it for almost $10K less than list.

How did you finance this deal?

Cash

How did you add value to the deal?

I was the REALTOR and help my clients find, evaluated and negotiate this deal.

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

Yes, I was the agent!

Hey Sebastian, I know it's done in Richmond and surrounding areas, I don't have any specifics. Just want to follow this for my own education and gain some insights from my area. Thanks for posting a great question!

Hi Jonathan, I am always looking to connect with investors. I have a weekly newsletter that I send out with properties that I handpicked with investment potential. I curate the list and even show how I analyze some of the properties. If you're interested, send me a message/DM/connection (whatever it's called on here.)

Congrats on your first property!! Looks great

Ha, I recognize that house! I love this was a family deal and what a great return on investment!!

Wow!! Beautiful transformation.

Investment Info:

Single-family residence fix & flip investment in Ruther Glen.

Purchase price: $130,500
Sale price: $359,500

This was a 1950's home that got a rearrangement. Walls were moved to create the new larger kitchen and stairs were redirected. A primary suite was created with the addition of a bathroom and walk-in closet. My clients did a phenomenal job on this property!

Looks great! I like that you were able to help the seller and share the profits. Win-Win!!

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $90,000
Sale price: $180,000

This little cape had so much potential, luckily our team saw that and was able to negotiate a low price. It was pretty dark and dingy with a bug problem. My clients transformed this home with a beautiful kitchen, new flooring, updated bathrooms and reconfigured a bedroom to make it much more appealing and useable for the next owner.

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

Right price and matched out strategy!

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

It was on the MLS, it was agent owned and needed a lot of work. We were able to negotiate the price down $9,500, which worked with our numbers.

How did you finance this deal?

I procured a 3rd Party Private Financier

How did you add value to the deal?

Purchase and Selling Strategy! As their real estate agent I help assess the home prior to the purchase and negotiate the best deal possible on both ends. I also figure out what the potential resale will be.

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

Yes, I am the real estate agent on this deal. I loved being a part this team, and seeing this transformation.

BEFORE