All Forum Posts by: Ron Biggs

Thought I would share our latest flip. Not our best but not bad either. Sold to the first person who looked at it for full price! Thanks to our great realtor! Thanks to our private money lenders who make this possible!! They thank us too as they do well themselves working with us :)

This house is in the Richmond VA area in a great location called Bon Air. We are on the hunt for another so please let us know if you have anything in the Richmond area! This house has 4 bedrooms, 2.5 baths and is a great Tri-level from the 70's

Not a killer deal as we paid a little too much for it but it was in such a great location we thought it would go fast and it sure did!!

Bought and closed on it in August for $167,000

Put about $51,000 into it

Sold for $269,900 less $3,000 in closing cost

Realtor fee $13,495

Holding cost including Private Money cost $10,800

Profit about $24,605.00   (We shoot for about $25K per deal and yes we miss it sometimes)

Here are some before and after photos.

That's enough pictures for now but we have lots of others showing the rest of the home including the bedrooms, master bath etc. If you would like to see more please email us and I will be glad to send you a Drop Box link so you can view them all.

Again let us know if you have anything in our area as we would love to work any wholesaler, private lender or any investor in the area. Lets make some money separately or partner up!!

Thanks and Happy Investing!!

Excellent post! Unfortunately I stay in the Richmond VA area but IMHO this is how to post a deal!

I constantly get "leads" but with no ARV or budget cost for construction etc posting like you did helps us make a a quality decision on if we need to pursue it!

Again good job!

I have a house that will be ready to put on the market within about 2 weeks and my stager is booked solid.

Any suggestions or recommendations will be appreciated!

I usually do full house staging and this home is about 2,400 sq ft.

Thanks in advance!

I must admit I chuckled a little when I read your post title "Anyone investing in Richmond Virginia"

The place is awash with investors and investor wannabe's! I think alot of it has to do with the good press we have had over the last few years of being a good place to invest so it has attracted investors from all over the country.

I have been investing in Richmond since the early 80's so I have seen all the ups and downs through the years. Right now my take on the area is # 1 I love the Richmond area to live and it's a great place to visit. It still is a good place to invest depending on your type of investing. I have done mostly flips in my career and love doing them but the deals are harder to come by these days. With the high number of investors it is tougher to come across the good buys unless you have a good plan in place to find the deals others don't know about. 

I love to use wholesalers as the good ones know how to find good deals and have a decent idea of repair cost and ARV. But there are alot of wholesalers that still need some experience to get more accurate assessments so make sure you run your own numbers.

But anyway Richmond is a good town and deals can be found but it takes good work!

Best of luck!

Please feel free to ask me anything you would like and I will give you my 2 cents worth. And that may be all it is worth too :)

Welcome Ron!

Learn all you can and ask questions so you can learn from the ones who have gone before you. Wish Bigger Pockets was around when I got started over 30 years ago. Yikes!!

Best of luck!!

Welcome aboard Dr. Shaw!

I have been at this business since my early 20's here in Richmond and have seen all the ups and downs.  Do mostly flips and love turning the worst in the neighborhood to the best! 

Any questions or if I can be of any help please do not hesitate to ask!

Good luck!

Looks interesting! You said it is zoned duplex will City allow it to be a fourplex?

I will do a drive by but in the meantime let me know your thoughts on the rezoning.

Thanks,

Welcome and good to see you come out from the lurking shadows :)

Best of luck and please let me know if I can be of any help!

Hello Michael!

Welcome and best of luck and please let me know if I can do anything for you. 

Go get'em!