Richmond, VA · Member since 2013 · 293 posts · 96 votes
I came across this video from the Greater Richmond Partnership (www.grpva.com) that does a great job showing off some of the reasons why the Richmond metro area is a great place to be. It does a really nice job of highlighting some beautiful historic neighborhoods in the city as well as many of the area's attractions.
I thought it was a great watch and wanted to share!
Investor · Fredericksburg, VA · Member since 2013 · 79 posts · 13 votes
12y
Richmond also has a growing population. Which has not been the case for many years. The job market is stable and unemployment is around 5%. However property values are fickle. Two identical house only blocks apart can have wild ARV valuations. But I think it's a great place to invest.
Richmond, VA · Member since 2013 · 293 posts · 96 votes
12y
That's a great point about the values. I think it's due to the revitalization efforts that investors and homeowners have undertaken in some of the city's historic neighborhoods that had fallen into disrepair during the 80's and 90's.
When I was at VCU in 99-2000, you wouldn't want to be anywhere near Jackson Ward, Church Hill, Oregon Hill, etc. but with the stabilized job market and the massive investment VCU has made in midtown and downtown over the last 10-15 years, all of those neighborhoods (and more) have been mostly restored to their former glory. Unfortunately, the boundaries aren't well defined between the nice part of a neighborhood and the still struggling part of the same neighborhood so you really need to have first hand experience on the ground if you're moving in or investing from out of town.
Wholesaler · Richmond, VA · Member since 2013 · 37 posts · 7 votes
12y
very true Jon. It's kind of shocking to ride through what used to be some of the rougher parts of the city and see such a diversity of people living there now. Definitely a lot of growth here in richmond
Richmond, VA · Member since 2012 · 22 posts · 10 votes
12y
Churchill is a hot area in Richmond VA and I have made a lot of hard money loans in that area. USA Today names Churchill one of the 10 up and coming neighborhoods around the USA. See article at:
Richmond, VA · Member since 2013 · 293 posts · 96 votes
12y
That's spot on. The culinary scene is one of the biggest draws to multiple revitalized neighborhoods in the city limits. My favorite restaurant (Mamma Zu's) is smack dab in the middle of Oregon Hill. OH never quite reached the lows of Church Hill or Jackson Ward, but it also hasn't seen the same level of rehab love that those neighborhoods have either, so there is some great investment there too.