All Forum Posts by: Adrian Stamer
Adrian Stamer has started 14 posts and replied 300 times.
Post: Opinion: Do we need a dishwasher?
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Definitely refer to them as "tiny" houses instead of "little" houses, will be more hip and command higher rents
Post: Bank's unethical techniques - what to do?
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Having your biz deposit account moved to the local bank is incredibly common. Loaning a on most likely cheap non warrantable condo is a lousy loan to make. So they are basically doing a favor and return they want you to open a business checking account with them. Keep your current setup with apps and stuff, move some money over to them and put all the rental deposits in with the local account.
It's relationship banking, they don't just want this one off loan... plus you are already talking to the president, play nice with them and they will be happy to be flexible and go to bat for you in the future
Post: Newbie from Richmond, VA
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Originally posted by @Bobby Smith:
Greetings! I'm Bobby Smith from Virginia and I'm excited to start this journey. I'm currently a UX Designer for a major bank and I love my job. However.... I long to have residual income that I control and not have to wait until end of year before the company decides that I can make more. I want to be the deciding factor.
I have a wife and 3 young kids (all under 11) and I want to teach them to be small (or large) business owners and want to get them involved as early as possible.
I have ambitious goals but not quite sure how to get there. I would like to double my day job income in one year but don't have a ton of money to start investing and I'm not certain how to raise investment capital but have heard many stories (on the podcast) of how people invested with little or no money. I'm the type of person though, who wants to be the best at what I do and picking a completely new area to learn is, while scary, something that gets me excited. So, I'm stoked to learn 'all the things' and to become an expert in this field.
Looking forward to meeting a bunch of y'all and becoming part of this community.
Cheers and God bless.
Welcome and good luck Bobby!
Low and zero down methods are a bit more difficult to do with an active full time day job due to being more time consuming. Also just because you can find low and zero down methods doesn't mean that is the best method, ex. owner financing with less down generally will come at a premium over traditional methods. Just some things to consider during your journey... if you have a good paying full time day job slower residual methods may work better.
Post: What's holding you back from buying large apartments?
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Availability of deals with numbers that make sense. Plenty of capital chasing large multi families though so I understand the shortage.
Post: Staunton-Augusta-Waynesboro REIA Meeting
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
I plan on driving up for this
Post: Central Virginia investing areas
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Originally posted by @David Sanford:
Thanks for your reply. Just looking for buy and hold properties that need a little work (nothing crazy) so that I can get some equity for a cash out refi down the road. Looking for houses around $90k or less. I see plenty for sale in Richmond, but I don't know how well/safe the areas are. Richmond is very hit or miss!
Feel free to ask me about areas in Richmond
Post: Who Buys Properties in South Richmond?
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
People like to say Manchester but it really just refers to a very small area... most of the time the properties are out of it
Post: Depreciation means ? Do you pay it back ? You begin to depreciate
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Originally posted by @Michael Saleh Azab:
more info on section 8 needed in Richmond Virginia ?!
Depreciation is tax related, so it is deferred
Doesn't related to section 8 directly in anyway I can think of... got some more information on what you are asking?
Post: Possible problem neighbors
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
where? Looking to line up my pool access for the summer
Post: Other Buy and Hold and BRRR investors want to meet up as a group?
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
I'd be interested in meeting up, no investment properties in Richmond currently but always looking...