Investing in Richmond
Hello all! I recently moved from Oakland to Richmond, but don't see a dedicated forum for my new hometown. Is anybody in this group investing in Richmond? If so, let's connect and chat about it. I currently am house hacking a property (renting our main house while living in ADU) in the North and East neighborhood and strategizing on how I can buy my next one.
Hi @Jason Porto, there are a lot of great people in this forum!
If you want to actively find people, go to the "Network" tab at the top of the page. Click on "Members".
Type in Richmond, VA and connect with investors.
Hope this helps! Let me know if I can be of any assistance.
Thanks for the reply Andrew. I'm looking at Richmond, CA though.
Hi @Jason Porto I know of an agent in the N. East Bay (Oakland/Richmond) that invests in the area, however he is not on BP. He would be happy to speak with you but likely only if you were considering purchasing in the near future. Send me a DM to discuss offline :)
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Quote from @Jason Porto:
Hello all! I recently moved from Oakland to Richmond, but don't see a dedicated forum for my new hometown. Is anybody in this group investing in Richmond? If so, let's connect and chat about it. I currently am house hacking a property (renting our main house while living in ADU) in the North and East neighborhood and strategizing on how I can buy my next one.
Richmond does not have it's own forum here on BP. Oakland does. Proud of you my man because you are doing exactly what we have told countless clients to do. Buy a property, set your ego aside and live in the ADU....rent out the main house to someone and you can live (basically) for free. Refinance (Don't sell), pull cash out buy another house hack, repeat.
I'm very familiar with Richmond and Oakland,....if you have any questions, reach out.
Quote from @Jason Porto:
Thanks for the reply Andrew. I'm looking at Richmond, CA though.
Sorry about that! Just type in Richmond, CA then. Basically the same.
Hi Jason my name is Vahe, I'm actually doing something very similar in the North & East neighborhood of Richmond, CA as well. I'm new to this website as well...It's definitely nice to see someone doing something similar to myself in the same area... I wonder who else is in the Richmond area. In any case it would be interesting to talk if you have time.
Regards
Vahe Minassian
North Bay right here! I've got an event in Walnut Creek. Are yall around on August 20?
East/North Richmond, CA is definitely the pinnacle of up-and-coming!
San Francisco and Oakland are the "general" metros for the Bay Area in BP.
North and East is a nice pocket within Richmond, situated very close to El Cerrito. I'm born and raised in Oakland and we've had lots of friends start moving away to buy their first homes and they tend to go north, Emeryville condos, El Cerrito and Pinole. We've done a few remodels in Richmond and are fans of that portion of Contra Costa between Albany and San Pablo.
@Jason Porto thanks for starting this Richmond thread. How has the house hack been going? How'd you find your property? Did you make the ADU?
The house hack has been going great so far! It took a bit to find my tenants, but I was patient and am very happy with the family that lives here. I also love that I'm not cash poor like so many other homeowners in the bay. I found the property through an agent of David Greene's and had a very good experience. The property had basically been flipped by the previous owner and the ADU had been created from the existing garage so all I had to do was move in. It's cozy in here but it works for now until I figure out how to get the next place. I've definitely seen other houses for sale around here, and one down the street was recently stripped to the studs so I can see that the area is still sought after.