Newer Agent in Richmond, VA

14 Replies

Hello everyone, 

In August 2018, I became a dual-career professional as I became licensed agent in VA. I live and work in the greater Richmond-Metro, VA area (RVA to locals). My first/other career is in public education, where I began as a high school teacher/coach and have moved into the Athletic Director role beginning about five years ago.

My goal is to transition out of education using real estate as a vehicle to do so.  Cutting the cord or going all-in is not a viable option for me at this time with two young children who like food at home.  While my education profession is stable, and I have been successful, I want to make a move into a more entrepreneurial world.  I want to be able grow and achieve more based on my skills, strengths, and work ethic.  I also want more control of my time and freedom to be with my family.  

Since becoming an agent, I continue to find myself attracted to the investing niche.  I discovered BP a month ago via The Book on Rental Property Investing and the BP Podcast.  My plan is to is to make the real estate investing world my niche so as to become one of the best agents in the area for investors.  Using this path, I also plan to build my own portfolio to achieve my ultimate goal of stepping away from education and making real estate my full time profession, both as an agent and investing. 

I want to learn and grow from every resource I can.  BP seems like the right place to do that.  My first 15 years professionally, from an operations and logistics standpoint, is different then the private world.  But the skills, hard and soft, translate well into real estate.  

I look forward to connecting and networking, growing and learning from this forum and BP in general!

Hey Hezekiah (love that name!), welcome to BP. Sounds like you have a good top level plan for getting into real estate. Good luck man!

@Hezekiah C Butler

Hey Hez old friend, welcome to BP! Nice to see a familiar face on here even if it's been awhile. Feel free to connect. Go Royals!

@Hezekiah C Butler You're in a thriving city for investing.  I recommend going to some MeetUps too!  Welcome to BP!

@Hezekiah C Butler REIA, RING, and RPOA meetings are paid meet ups but great. There are other meetups, literally at meetup.com where you can search for local free meet ups related to wholesaling, multifamily (@Taylor L. has an outstanding one in Forest Hill area), and more.

@Hezekiah Butler

Welcome to the BP family! Good to have you here! Here are some recommendations for you:

Find and connect with other BP members that are in your area: https://www.biggerpockets.com/search/users

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Wishing you the best!

@Hezekiah Butler

Welcome to BP!

Meetups and REIA's are going to be your friend. Go to the network tab, click on events and you'll see meetings with like minded investors. Richmond is a very hot town for investors right now.

Best of luck

Stephanie

Hey @Stephen Glover

Really interested in the VA / DC market and was curious as to how the multifamily rental property landscape has evolved and is going. I know rent prices are sky high and cost an arm and a leg for a studio but whats your opinion on the market as an investor?

@Vernon Trice III I'm hyper focused on Richmond markets only, so I'm no help outside of Richmond as far as the markets are concerned. Additionally I invest in SFH for now, not multi family, but many of our clients have 5-16 unit buildings that I help analyze and perform walk-throughs during the due diligence period and as we manage them. There's absolutely no shortage of renters in the Richmond area for multifamily. Rents are strong and the tenant pool is large in any class asset. Prices are sky high and some folks are buying "breakeven" properties. Richmond is flooded with out of state investors that don't seem to be too concerned with buying a 5 cap.

If you want a multi-family investor's point of view in Richmond or DC, talk to @Taylor L. (not sure he invests in Richmond due to reasons listed above, but I think he'll have something to say about the market) or @Kevin Dean who is in DC and again, likely doesn't invest in DC (does anyone?) but would know the market as a MF investor.

Hope that helps.

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