Competition can be extremely fierce in the Richmond real estate investment market. When the seller reviews all of their offers, yours must stand out in all the right ways to be the winning offer. We’ve gathered five ways for you to compete with other investment buyers in Richmond. Hesitation Don’t hesitate when you are competing … Continued
As a landlord, keeping tenants happy is your top priority because it helps avoid vacancies and keep your numbers in the black. Things can escalate quickly if unreported when it comes to housing repairs, such as what may be seemingly minor plumbing problems suddenly become a flood in several units. Vacancies are costly, taking time … Continued
Patience may be the most valuable asset to bring to the negotiating table when investing in a property for your real estate portfolio. Getting the best returns on your investments helps to build wealth more quickly and increases the potential for your passive income during retirement. Newcomers to real estate investment may find themselves caught … Continued
What is wholesaling in real estate? Wholesalers approach homeowners with homes that are typically in a state of disrepair. These owners may want to sell but realize they cannot afford or are physically unable to do the work required to go through the listing process and compete on the Richmond MLS. Once the wholesaler contracts … Continued
Flipping is an exciting opportunity to quickly turn a distressed property into profit and attracts many new real estate investors seeking fast cash. While all too often wide-eyed and inexperienced investors watch television shows, the process appears to be much easier than the harsh reality. Just remember it is never a bad idea to get … Continued
Too young to own your own business? Not really! When it comes to building wealth, a diversified portfolio should include real estate investments. Time is definitely on your side, and the sooner you begin your investment business in life, the better. It is imperative to have the mindset of running a business from the start. … Continued
Real Estate is a multifaceted investment opportunity. There are two categories of investors, those active in the day-to-day routines of business or those investors who prefer to be passive, allowing others to worry about all of the details on their behalf. Once you’ve decided which investment path better suits you, you can then diverge into … Continued
Multi-family real estate investment is a wise investment move for even the beginner investor. These properties offer a multitude of benefits which make them an attractive option for your real estate portfolio, even for a first time “home buyer.” Due to the density of population that can reside in multi-family real estate, it is considered … Continued
Passive income through land investment means the best of both worlds for many. The demands on your time are relatively low in comparison to other assets. There are many creative methods to earn an income from land, even when vacant. Even for land developers, there are professionals available to handle every aspect of the business. … Continued
Many people have already made decisions about every feature of their perfect home. Regrettably, many often purchase land before spending as much time understanding how the location can have unexpected and sometimes very expensive consequences. When it comes to buying land, ignorance is not bliss. We’ll explore 5 things you should know about buying land … Continued
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