RVA (Richmond, VA) Advice on Areas / Chesterfield County

11 Replies

Hi All,

I wanted to see if there's any investors in the Richmond, VA market (particularly Chesterfield County) that could potentially help me feel out a few ZIP codes. So far I'm looking into 232252322423234.

My goal is to focus on SFR buy and holds and maybe a BRRR here or there, under $150k or so. I'm also up for wholesaling deals to local investors. Based on my analysis it seems like Chesterfield is growing nicely, and I've driven into the area to get a good in-person feel and definitely think it's a great nearby market for me to get started in. Initially I was checking into Charlotte, but I feel a market within a closer driving distance is better for a new investor such as myself.

It seems to me that focusing in on the Midlothian area should provide a good start. However, I'd like to get your opinions on the area, and if possible, any areas that I should also check into/avoid.

Of course, I'd love to network with investors in the area as well! I'm happy to help in any way possible with the skillset I have in exchange (I'm a full stack developer, so I love focusing on data!). I will also be a licensed agent soon (passed the tests - waiting on the application response!). Whether that be offering deals up, grabbing comps or maybe helping with automation, I'm all ears.

Thanks so much! I look forward to hearing your insights.

-Finn

Richmond is great, and Chesterfield is definitely growing. I just bought in 23225. Richmond in general can be very block-by-block. 23224 and 23225 are gentrifying very quickly. Watch out for deals that are WAY "over the line" being marketed as though they're in the higher income parts. 

Sounds like you don't live in RVA though?

You're welcome to come join us at the Richmond Multifamily Meetup, right in the heart of 23225! This month we have @Stephen Glover teaching us how to master property management.

Originally posted by @Taylor L. :

Richmond is great, and Chesterfield is definitely growing. I just bought in 23225. Richmond in general can be very block-by-block. 23224 and 23225 are gentrifying very quickly. Watch out for deals that are WAY "over the line" being marketed as though they're in the higher income parts. 

Sounds like you don't live in RVA though?

You're welcome to come join us at the Richmond Multifamily Meetup, right in the heart of 23225! This month we have @Stephen Glover teaching us how to master property management.

 Hi Taylor,

Thanks so much for the reply! I will certainly see if I can come by :)

I am not in RVA, I actually live in Arlington, so just a couple hours north. Still close enough to come by and check out deals, meet up, etc.

-Finn

@Taylor L. Thanks for the mention!

@Finn Cardiff next time you're in town, let's grab coffee and we can review a map. What Taylor said is on point- could never get a true feel in RVA based on zip alone, but if you have the right people to bounce ideas off of you'll be much better for it. I'm happy to be a resource. I have 3 local SFH under contract that will all close in 2 weeks. Using BRRRR. Very familiar with Richmond and surrounding counties.

Sorry so short or for any delayed responses, vacationing in Cabo trying to relax before these homes close.

Originally posted by @Stephen Glover :

@Taylor L. Thanks for the mention!

@Finn Cardiff next time you're in town, let's grab coffee and we can review a map. What Taylor said is on point- could never get a true feel in RVA based on zip alone, but if you have the right people to bounce ideas off of you'll be much better for it. I'm happy to be a resource. I have 3 local SFH under contract that will all close in 2 weeks. Using BRRRR. Very familiar with Richmond and surrounding counties.

Sorry so short or for any delayed responses, vacationing in Cabo trying to relax before these homes close.

 Hi Stephen,

Awesome! I totally agree - I really am interested in networking and connecting. It's definitely crucial in these local markets. I will PM you and we can secure a good time.

Enjoy the vacation! :)

-Finn

@Finn Cardiff welcome to the neighborhood! I was born and raised in Chesterfield County, have now returned, and am now underway on my first BRRRR deal that I purchased here (23236) just under a month ago. There's a lot happening here in town and I am really excited about the growth.

Happy to also be a resource on good locations/contacts in this area. What Stephen and Taylor have said with regards to location is 100% true! 

Originally posted by @Jeff Poarch :

@Finn Cardiff welcome to the neighborhood! I was born and raised in Chesterfield County, have now returned, and am now underway on my first BRRRR deal that I purchased here (23236) just under a month ago. There's a lot happening here in town and I am really excited about the growth.

Happy to also be a resource on good locations/contacts in this area. What Stephen and Taylor have said with regards to location is 100% true! 

Thanks for the reply! Will definitely connect. Let me know how the BRRR goes! :)

 

Hey! I reached out to you @Taylor L.   - would love some info on the meetups as well! 

Agree how zip codes mean nothing in Richmond - but in the same sense most of the city is exploding right now. All our properties are southside/23225