Updated almost 9 years ago on . Most recent reply
New member in Richmond, VA
New member here. Looking to flip houses in the Richmond and Chesterfield area of Virginia around 23237 23831 zip codes. Curious if anyone here has experience in this area? I currently have 2 rentals so I am somewhat familiar with how the rentals work in my market. But I would like to get into flipping. Any advice on financing/profit formulas would be nice!
Most Popular Reply
My advice in the Richmond area is to be quick and decisive. Tough, but doable when you are first starting out. I picked up two rehabs in the 23222 area code recently, closed both on November 30th, and am now renovating. Prior to that I was making cash no contingencies, full price offers and getting outbid. But it only takes one. You have to be persistent.
Don't get discouraged.