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Foreclosure in Powhatan : Real Estate Advice

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Wed Apr 2, 2008
Don Tepper answered:
To find a good Realtor-investor in the Richmond area, check with the real estate investing clubs and groups around Richmond. Here's a link for the clubs in Virginia--there are several in the Richmond area: http://www.creonline.com/real-estate-clubs/va.html

Buying a commercial property is quite different from buying a residential investment property. You do the calculations somewhat differently. (For commercial, everything is about rate of return--often the CAP rate, sometimes cash-on-cash return. For residential, those are important, but you can/should consider appreciation potential, location, to a much greater extent.)

It also depends on what your goals are. Cash flow? Appreciation? Instant equity? And how long do you plan on owning before selling?

Think those things through. Then check with the local real estate clubs for some suggestions on investor-friendly Realtors.

Hope that helps.
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