All Forum Posts by: Justin Kramp

@Bruce Woodruff

There is a study released that proved that hanging the roll under makes people use less toilet paper. So great for the money saving! But if you replace the roll anyways between stays,

It doesn’t really matter. You do run the risk of annoying your guests with a roll hanging under lol.

Looking to jump into the game here in Virginia soon.

From your experiences, how landlord friendly is Virginia for you? Please give some personal experiences and anecdotes.

Looking for info on realistic eviction processes, rent increases, rezoning and adding second property (aka converting a detached building into a second dwelling), late payments, etc.

I understand currently it’s a weird time with moratoriums but looking for general advice and experiences pre-pandemic and what to expect coming out of it in the next few years.

Thanks in advance!

Looking for opinions on appliances!

Any preferences you guys have for rental properties and absolute steer-clear appliances?

Looking for recommendations on gas vs. electric vs coils range.

Fridge w/ water&ice maker vs without

Fume hood built into microwave vs hood that vents to the outside.

Left/right fridge or top/bottom fridge?

Let me know what you guys like and put in your rentals!

Thanks!

Hi all!

Currently working on getting better at analyzing deals. I found a FSBO property that I don't think will be a deal, but I'm trying to figure out what it should value at. It's a bit of a weird property that is hard to drive comps for, so I need some help.

The address is 547 Stagecoach Rd, charlottesville, VA, 22902. Attached are pics and documents. Let me know what yall can come up with, its truly appreciated.

Thanks, Justin

Zillow Link

 Drive folder for property details and images

I have a friend who comes from money but due to not having a job (living the good life) he can’t get a loan. I have good credit, a job, and can get a loan pretty easily.

We both want to get into BRRRR and he can provide funding for downpayments, rehab, etc before refinancing.

Neither of us can do it alone and need each other’s financial “perks” to succeed.

From experienced investors, what are your opinions on partnering for a deal like this and splitting profits, seeing if it all goes well, we tackle another?

Thanks!

@Tom Fisher awesome feedback, thanks! I was hesitant about these areas due to relatively small population sizes and the fact that Charlottesville doesn’t have too many geographical barriers for expansion, so the expansion seems to spread 360 degrees around cville. Is there something I’m missing here?

@Aaron Howell wow that’s absolutely nuts. I feel like you could sell a Lowe’s shed on a 10sqft lot for 50k here right now.

Looking to buy RE within the next two years in Charlottesville, VA. Currently working on getting some private investors together for that and networking.

If you’re in this market, I’d appreciate any insights into the current status and projections for the future, from pricing, off-market deal finds, etc. Any info you have is welcome!

Thanks in advance and I’d love to connect with other investors in this area!

First home purchase in Charlottesville, VA.

Looking at 220k for small SFH or townhouse.

Shopping around with lenders rn to find the best loan and get preapproved and so far so good!

Question is, for a first timer, what are my downsides of using a Fannie/Freddie over FHA?

@Chris Freeburg that’s incredibly helpful, thank you for the insight