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All Forum Posts by: Stephen Glover

Stephen Glover has started 12 posts and replied 191 times.

Post: Looking for a tax strategist

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

Bill Pilc with Pilc and Moseley, located in Richmond, VA, has helped a handful of our clients with both large and small operations. Always hear great reviews but have not used him personally. Might make the jump soon.

Post: Just Finished David Greene BRRRR - Confusion on OPM

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

Thanks @Taylor L..  @Breanna Schurtz You'll want a GC, PM (if you're using a manager), Private/Hard Money, Closing Agent/Attorney, and Long term financing all lined up before you find your first deal.  It's hard to analyze a deal if you don't know what financing figures you'll be looking at. It's hard to rehab if you don't have a GC, etc.  Once you have your team in place and understand all the numbers behind the financing, you can then plug and play opportunities until you find one to pull trigger on.  Once you pull trigger, it falls into the system and your team goes to work.

With that said, I would continue learning and building your team/relationships WHILE looking at deals so you can practice running numbers.  It's good to start looking now.  You'll learn a lot from it, but your primary focus may not be on closing a deal quite yet until your team is in place and you understand all the numbers from start to finish (refi).

Hope this helps.

Post: Newbie investor introduction

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Parker Chrisman  RVA is a great place to be... and some great contacts on this chain for you already!  Lots of opportunity...

Post: Ghosted by management company

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Shalin Patel  Lots of great advice above.  Please keep me in the loop if I can be a resource.  

Post: Ghosted by management company

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Shalin Patel  How has your experience been in the past 7 years?  Is this the first mistake or is there a pattern?  If this is their first major mistake, communicate with them and keep rolling forward.

Post: Burnt out before I even start

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Sarah Stamper thanks for the mention.  You're on point.  @Baha Acuner send me a DM if you'd like. I might be able to be a resource for information, wholesalers, etc.  

Post: Property Management / Syndication Agreement

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Taylor L. may be a good resource for you... tagging him here.

Post: Refinancing a PA property under an LLC

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Brett Miller I've done a handful of BRRRRs in Richmond recently, all under LLC, with commercial financing. If I can help, let me know. Use a small community bank, for sure. Some good ones in Richmond.

Post: Top three tips for new investors?

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Matt Carozza build a good team in all aspects of your strategy (GC, Lender, Private Lender, Tax, Insurance, Manager, etc)! Richmond is an awesome place to invest, especially using the BRRRR method. Lots of great private lenders too.

Post: Richmond VA Neighborhoods

Stephen GloverPosted
  • Property Manager
  • Richmond, VA
  • Posts 204
  • Votes 297

@Tom Hacku  I can probably make your life easier over a coffee sometime.  No strings, just like meeting people and being a resource if I can, and save you a few hours, days, weeks of learning curve.  I've helped quite a few people grab their first house in RVA.  Shoot me a PM if interested.

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