All Forum Posts by: Stephen Glover

Try Harlan Construction.  I know Jake, one of the owners, and they do some big jobs in RVA.

@Mike Celli  Is this property a duplex?  How do you expect to get $1700+/month in rent for a property located on 4th Ave?  I mean this respectfully, just trying to be sure your rent projection is accurate.  I could be thinking about the wrong part of town...

@Robert Stamper  William (Bill) Pilc at Pilc and Moseley is great with investors.  I know him and refer clients to him frequently.

@Cassidy Burns  I'll make a connection for you.  Quite a few of our clients use this agent for commercial multifamily. Email on the way.

Save your money-> build relationships-> use someone else's money.  Just my opinion.  

Overall, you'll get advice to go in multiple directions by many people.  Realize your ultimate goal and work backward from there on what it takes to achieve that goal.  In doing so, the right direction will be right in front of you.

@Ryan Wydler have you checked to see if the garage or carriage house apartment is legal? I’m pretty sure it wouldn’t pass permitting- I’ve had clients want to do the same thing and get turned down. If you have that much space you might consider a parking lot and charge for parking. You can make a few hundred a month there for little maintenance. Parking in the fan or museum district is rare.

@Nathan Gesner Exactly.  I'll also note that "motivation" comes and goes.  If you need to motivate, you'll need to continuously motivate.  Find a good PM and don't haggle them on the cost of their services if they provide good value.  Ask other investors in the area what PM they use and the experiences they've had.

@Taylor L.  Disclaimer- I'm not an accredited investor (yet), however responsiveness is a HUGE factor in who I do business with.   On point.

@Luke Davis  Welcome!  Happy to be a resource!  @Shera Gregory is on point too, she's awesome!  @Eddie Gonnella start going to meet ups! Even the $15/month REIA will pay off if it gets you $1000 every 5 years :) There's a few good groups in town. Richmond is all about relationships.

@Account Closed Just to be sure we are on same page- I don't mean doing the construction yourself or anything like that :) I Just mean in terms of sourcing the deal and being decisive and educated... then lean on your team to make sure your ARV's, repair costs, and rent projections consistent. After that, put your team to work once you've acquired the property!

You're on the right track.  I'm happy to be a resource for you as needed.