All Forum Posts by: Adrian Stamer
Adrian Stamer has started 14 posts and replied 300 times.
Post: Short Term Rentals, Richmond
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
the only problem is it's illegal in the city of Richmond still
Post: Pros cons with apartments versus strip mall investing
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Can anyone suggest me a good book on strip mall retail type commercial investing?
Post: Should i buy this house?
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
To live in? Doesn't seem any upside for investment
Post: Wholesaler in Richmond, VA
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
hey good luck, bp is a great resource. I am also looking for deals, please let me know when you get them
Post: Real Estate Investor from Richmond, Virginia
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
welcome and good luck
Post: Valuing properties with under market rents
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Originally posted by @Jesse Lynch:
Hey @Adrian Stamer!
I'm paraphrasing here, but in a recent podcast, the guest explained if a seller says "the rents are under value, so the property is worth more" then the correct response is "well, then raise them, show me proof that they'll rent for more, and then we'll talk." But, the idea is that you don't pay for future potential.
It seems like a pretty good rule to me.
Hey thanks for the feedback. I typically go by the rents as is, but due to my familiarity with the market and lots of success raising rents I'm just trying to figure out how to better assess the under market rent properties.
Post: Using NPV for real estate investments
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
this is a great thread, thanks for the indepth analysis
Post: Valuing properties with under market rents
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
So I was wondering how to consider a property with severely under market rents. 30-40 units about 35-42% under market. I'm familiar with the area, own multi family in the area etc. Obviously raising rents takes time and at the current price the income is not worth it. But when raised, the deal makes sense after approx a 20% increase
How should I approach this? Thanks
Post: Deal in Richmond VA
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
looks good to me
Post: New Investor in Midlothian, VA (Richmond area)
- Real Estate Investor & Agent
- Richmond, VA
- Posts 319
- Votes 167
Bigger pockets is the best resource there is, I also recommend checking out the local reia meetings