All Forum Posts by: Sarah Stamper

@Miguel Rodas since I moved to Richmond in 2016. He was refered to me by a friend that has been working in REI in Richmond for over 15yrs.

@Siva Sivakumar I sold a house in that area about 1yr ago. It was a flip & went fast. It’s a working class area. Houses & rentals newly fixed up under $200k or prices well go fast and for asking. My house was a small 3/1 rancher just off Turner rd. Best of luck! There are some really good Latino restaurants in that area that you should check out if you are in the area!

@Miguel Rodas other REI I have worked with have used Sonny Hughes and like him. I haven't worked with him personally but heard he's knowledgeable

@Miguel Rodas hi we really like Hayward Taylor @ Taylor, Taylor & Taylor. A great RE lawyer & a family run business right off Nuckols Rd

@Baha Acuner I manage my own properties but I have met @Stephen Glover at REI meet ups and heard of others that work with him.

@Baha Acuner I live in Richmond and am a BRRRR investor. Getting deals now is harder then ever. But if were you I would focus on turn key properties. I have a couple turn key duplexes in downtown Richmond that I bought brand new in 2016 & 2017. Not cheap but both are cash flowing positive and need almost no work. I suggest trying to find a good realtor that can help you look for turn key properties. I saw a turn key SFH near my Duplexes on the MLS this week that I think would be a decent investment property (under $200k). I sent to some people I know. I would focus on trying to get good contacts to help you out. Start reaching out to find a good realtor & property manager. If you connect with a property manager they might also know of properties available. I think the BRRRR method is going to be much harder from overseas. Where there is a will there is a way!! Keep at it if you want to do it!

@Ronnie Goode hi! I am a REI in Richmond. I didn't get to read all the other comments. I'm sure others have already said this but I would start with a duplex or house hack. Rent a room to a friend if possible. Duplexes can be hard to find. Wishing you the best of luck!

@Erjia Mao I have found my deals through another investor that I work with that has a HomeVestor franchise and through Wholesalers. I have meet ppl that will wholesale deals at meet ups and word of mouth.

Looking forward to things getting back to normal so we can connect in person! Best of luck to you!

@Erjia Mao hi! I invest in Richmond. I suggest investing in a areas that aren’t far from you if you don’t have a lot of time. I am not sure where you live. If you are new to the area drive the different areas to get a feel for what you like. I manage our rentals (and am a mom) so I like to invest in neighborhoods that are not more then 30mins away, areas that I would feel safe going to at night, also if the house/townhouse is in a good school district it will almost always be rentable if it’s fixed up. Try to find houses that aren’t too old that don’t need a lot of repairs. I suggest going to meet ups when they open back up. To ask around where others invest. I invest in henrico county mostly because I live in henrico. Chesterfield is also a rental able area. West end is expensive so it’s hard to find deals there. Downtown richmond is hard to find deals that aren’t old and need a lot of work. Good look and I look forward to meeting you!

@Robert Lee I live in Richmond and love it! I think it's a great size city that is growing with so many great things to offer. It's the capital of Virginia so it has great infrastructure, parks and schools. I don't know how the Richmond REI market compares to Baltimore. I have spent some time in Baltimore and thought it seemed a little depressed. Maybe it's easier to find deals there? I think it's best to invest in one you are closest to and stick to it. Take things like taxes, schools & jobs into consideration when deciding. Good luck!