All Forum Posts by: Account Closed

I have been watching the last 4 months in absolute awe. Unemployment is through the roof, businesses are going bankrupt, most people are staying home not spending money yet the stock market and Real Estate market are doing great. The US government has done a lot to try and curb the effects that Covid has had on the economy but can it last? The housing market in my local market, Richmond, VA, is red hot. Interest rates are super low and the inventory is low so I feel those two factors are carrying the market for now but how long can that last? We have already seen a steep decline in higher end properties across the nation. I fear people are being lured into a false sense of security with the current market conditions and are not preparing themselves for the fall out. Thoughts?

Investment Info:

Single-family residence other investment.

Purchase price: $30,000
Cash invested: $35,000

Great opportunity to add a rental home to your portfolio or next flip! This bungalow features two bedrooms & 1 bath PLUS Bonus Room on the 2nd level, Large kitchen, cozy dining room, utility room & spacious family room. Easy access to shopping and highways! This one is sure to go fast at this price! Home is sold as-is.

Investment Info:

Townhouse fix & flip investment.

Purchase price: $96,000
Cash invested: $110,000
Sale price: $168,000

If space is what you need at a great value per square foot....you hit the jackpot! Newberry Townes is a well established townhome community known for it's low-maintenance, 3 level living with enough room for everyone to enjoy, with almost 3000sqft.

Perfect for anyone, this home is ideally located in Chesterfield County close to shopping, interstates & more!