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All Forum Posts by: Rich Lennon

Rich Lennon has started 5 posts and replied 39 times.

Post: Buying agent in Richmond VA

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39
Brooke Barnard with Long and Foster

Post: What are these holes in the trim board around this house???

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39
Carpenter bees

Post: Looking for Portfolio/LLC lenders in Greater Richmond area

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39
Essex bank. Frank Besosa. Tell him I sent you. :)

Post: Income Producing 3 bed/ 1 bath in RVA

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39
What is the selling price?

Post: Closing with LLC

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39
If you are closing with a commercial loan typically it is not a problem to put the property in your LLC name. If you are closing with a thirty year fixed loan you will need to close it in your own name. If you are paying in cash you can close in almost any entity.

Post: Seller Financed Mortgage Notes

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39

I would be curious what the answers are to Bob's questions

Post: Portfolio Loan Contacts

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39

Mark Spencer.  Senior Vice President at Bank of Virgnia. If that does not work let me know and I have a second guy, but I would recommend Mark first.  Let him know I sent you

Post: Partnership with brother-in-law? How to do it?

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39

Do not invest with family.  I know it is cliché, but it is the truth.  Find a partner that will make decisions with you completely based on business.  Just my opinion.

Post: Direct Mail

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39

Definitely skip trace!  The harder to find, the better the deal

Post: Turkey Companies in Richmond, VA and Atlanta, GA?

Rich LennonPosted
  • Rental Property Investor
  • Midlothian, VA
  • Posts 41
  • Votes 39

I offer turnkey rentals from time to time, and I would like to do more. I am in the Richmond Market. What, specifically, are you looking for in terms of cast and ROI.