All Forum Posts by: Logan Ryan

Hi Conner,

Man, I hate hearing stories like this. I'm in the Richmond as well, I'd like to message you if you don't mind?

You may be through the worst, like you said hoping for no more major problems. It might be worth it to get a 2nd opinion from another inspector (I have some great ones if you need recommendations). They aren't fortune tellers, as you know, but might help you make this very big decision.

If you decide to sell, I'd wait at least until after the 1st of the year. Things have really slowed down because of the holiday season here. Happy to help any way I can!

Congratulations on the new baby :)

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $201,000
Sale price: $350,000

Cute house in heart of Mechanicsville, VA! It was purchased originally at a foreclosure auction. The renovation took 3 months and it sold relatively quickly for asking price!

Check out the Before and After Photos!

How did you find this deal and how did you negotiate it?

Foreclosure auction listing in local newspaper, highest bidder!

How did you finance this deal?

Cash

How did you add value to the deal?

I was the real estate agent that helped evaluate the ARV and sold the property once the renovation was complete!

What was the outcome?

Great flip, my clients were happy with the profit they made.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Logan Ryan, Realtor, REI Specialist @ Long & Foster, Thiel-Morris Team

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BEFORE:

AFTER:

Virtually Staged

Thanks for checking out this post!

That's awesome @Abel Curiel!! Real estate investing runs in the family :)

Hey @Christina F.,

Working as an agent as your side gig from your full-time job is possible and a great way to learn about the market. I did this for many years. You'll get access to the MLS, and get good at evaluating properties and opportunities in the market.

I'm an agent that specializes in helping investors. I'm happy to connect and answer any questions you may have. My experience might be valuable for you!

Take Care - Logan

Please share your "Why?"

Here's mine: Personally, I believe in real estate investing  because I don't believe in job security.

This has been my experience...I have worked since I was 15 years old, mostly for small businesses and I have had paychecks bounce and have shown up to the office to find the electric bill wasn't paid and the lights and phone systems were down, to name a few. I dedicated over 20 years to these businesses and learned that I cannot rely on a paycheck.

Real estate had been my "side gig" for many years, as an agent. I've been fortunate to work with investors and have learned a lot from helping them over the years. I've studied the market and seen many shifts and changes over the last 18 years. I've also seen my clients investments grow and many times thought, I wish I'd bought an investment property for myself, then...then...then...

I see owning property as a more secure source of income in the long run.

So, Why do you believe in real estate investing?

 That's awesome! Looking back, I wish I had done that too :)

Hi @Hau Vong, welcome! Like others have said this forum, community and website are great resources for investors new and seasoned. I'm also located in Richmond, VA! Feel free to reach out, and shoot me a DM!

Hi Rob, I don't know of any list of mentors or coaches. However, if you are looking for a mentor there are several meetups in the area which is probably the best place to find one in the Richmond area. Feel free to reach out to me as well, shoot me a DM here. I have other resources that you might find helpful!

Are you just getting started in RE Investings or mainly wanted to make connections in Richmond? 

Hey Morgan, welcome to the community! This forum is great for searching topics and hearing how people are handling things within different strategies. I'm in Richmond/Central VA as well. Best of luck, and feel free to reach out!

Congrats John!! That's awesome!