All Forum Posts by: Rafiq Islam

@Grant Rothenburger, thanks a lot

Hi,

@Linda D. Thanks for your suggestions.

I have also been looking around Monument Ave. and there are few properties within $150k to $165k range. Seems like a good area given U of R is around. There are few on auction too. But haven't explored this option.

One question, what is a typical ROI you look for on Investments around RVA?

For example, I have found a property around $165k. With 20% down it will cost me around $930 after mortgage, taxes and insurance. So around $250 remaining will give me around 7.5% ROI. Is that a good deal in Richmond? I didn't include the variable costs like vacancies, but hoping it will be minimum given it's an area on demand.

Looking forward to your thoughts.

Rafiq

Hi folks,

I am a new member and seeking for some advice on investing rental properties in RVA or central VA in general. I have found wealth of information from BP on investing on real estate. Now willing to connect and start investing on rental properties.

I travel for work but have been looking for some passive income opportunities for the last year or so. After some thought me and my wife agreed rental properties could be a good plan for us. We are not looking for instant ROI. More about buy and hold scenario with positive cash flow and returns coming in the long run. I am looking forward to get started with something within 100k to 120k range.

I did research about some Turn Key investors around US. I am not aware of any reputable ones around RVA/VA though.

Best,

Rafiq