Hi there,Just wanted to hop on here to share my experience with Open Spaces.I had wholesaling and flipping experience prior to joining Open Spaces- but I never held on to a property to BRRRR prior to joining the group.

Does any one have suggestions for property management companies they have had success with in the Richmond, VA area?

If so you should be looking for purchasing subject to properties with LOW interest loans, not high interest loans 4.

I just got my first rental property so I am very new to all of this. 

TL;DR* Aggressively pushing 'maintenance' and for the most part for things not requiring any maintenance* In-house maintenance rates are eye-watering, way higher than what you'd see in even most expensive markets* Mai...

As my first project I would like to purchase the property out of the trust, maybe move into my newly formed LLC, and convert to a 2 family.

I have the same thing in all my properties and can connect in remotely using the same app and login.  

IF all projections are met and the property is sold after 5 years it will be about a 10% annual return after all capital gains taxes are paid. 

We financed the down payment, so with my buyer's agent commission I got back from the seller at closing, not only did we bring $0 to closing, but actually made $5k when we bought the property!

We're looking to renovate something before the end of the year to accomplish 2 things: 1) Improve home value so we can get appraisal, refinance and leverage that to buy a new property. 2) Take advantage of the tax credits that are out there in 2024 before the new year or is it better to wait until 2025 and just hold onto the cash I have at hand.Here is a list of renovations that will need to be done eventually:*Brand new basement kitchen (cabinets + add seating area - we already have brand new dishwasher, fridge, gas oven)*New standing shower in the basement bathroom*New Siding*AC/Furnace for unit 1 are close to end of life but still functioning*New Fence/landscaping*New Windows for the basement*New Garage (unstable, concrete shifting, very old)*Solar Panels on the roof (There is a $0 down payment lease option w/ sunrun, but I'm hesitant to move forward)*Renovate master bedroom closet for tenants (it is old & has built in entertainment center that is very dated)*Repair Catch basin*Adding better drainage system for back door.Greatly appreciate any help, insight or advice!