Author: briang77

4 Things Every Investor Needs to Know About Buying Property in Richmond

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Real estate investments offer the opportunity for nearly anyone to build significant wealth and secure their future. Understanding the four essential real estate investment business elements is key to taking full advantage of available opportunities and realizing the highest return from your investments in Richmond real estate. Real estate investment is a business, and you … Continued

What You Should Know About Selling a Co-Owned Property in Richmond

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Co-ownership of a property allows participants to purchase property that would otherwise be beyond their means. For example, co-ownership is an excellent way for close friends or family members to help split the costs of a shared property or several properties in vacation spots, such as a beachfront property and a mountain home.  Co-ownership also … Continued

How to Make Money During Upcycles and Downcycles as an Investor in Richmond

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Professionals in the industry understand the four market phases: recovery, expansion, hyper-supply, and recession. Your awareness of the signs that point towards the beginning of an up or down real estate cycle ultimately determines your potential profits. In addition to the state of the real estate market and the supply of available housing and interest … Continued

5 Ways Owning Richmond Investment Real Estate Will Impact You

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What’s in it for you? It is a common question when you are approaching a new endeavor. Savvy investors can tell you real estate is one of the best wealth creation strategies, and the perks are numerous. However, to achieve this success, investors thoroughly educate themselves about investing in the Richmond real estate market, performing … Continued

What You Should Know About Rehabbing Condos in Richmond

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Condominiums can bring in great returns for investors following the BRRRR method of investing, buy, rehab, rent, refinance, repeat. They offer the benefits of homeownership in a private residence at a more affordable rate due to the shared features, such as walls or roofs, like apartments, with the common areas owned jointly by the community. … Continued

5 Tips to Help if You Have Inherited a Hoarder House in Richmond

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While the news you’ve inherited a house may sound like a windfall, you may have an entirely different perspective if you should discover you’ve inherited a hoarder house. Inheriting a house from a hoarder brings a unique set of considerations. Hoarders assign value to possessions that no longer serve them and fill their homes with … Continued

The Best Way to Find Off-Market Property Deals in Richmond

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Off-market, or properties not listed on the local MLS, are the holy grail of real estate investors. Unfortunately, locating off-market listings is more challenging with the National Association of Realtors’ changes in 2020 in their MLS Statement 8.0 Clear Cooperation Policy, requiring brokers listing on the MLS to submit listings within one business day of … Continued

How to Sell Your House During Bankruptcy in Richmond

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If you own a home when you file for bankruptcy, it becomes part of the bankruptcy estate, the property or assets you own. In October of 2022, there was a twenty-seven percent increase in chapter 13 bankruptcy filings over the previous year. Bankruptcies, including all chapters, total a seven percent increase overall, which correlates strongly … Continued

6 Tips for Handling Low-Budget Rehabs in Richmond

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Rehabilitating a property is a more in-depth project than typical fixes and flips, during which someone could likely live in the house. Savvy investors understand the potential profit of an investment property and the value others may not be able to see due to the property’s being in poor condition or a lack of features … Continued
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