David Bruce

Real Estate Investing Category

July 17th, 2011

5 Great Richmond Homes w/ Investment Property Potential!

Thinking about purchasing an investment property?   Low home prices combined with low interest rates make this the best time in years to become a real-estate investor in the Richmond area.  The real-estate market is starting to recover and today’s market provides a unique opportunity for investors.

When the money is cheap to borrow and the houses are cheap to buy, it’s absolutely the best time to invest! If you buy a property with hopes of renting it out, location is key in the Richmond area. Homes in high-rent or highly populated areas are ideal!  Check out these 5 great Richmond area homes with investment property potential!

• 2510 Winston Court in Glen Allen, $169,000
• 714 Maybeury Drive in off Patterson in the West End, $209,950
• 6926 Vanderbilt Ave near University of Richmond, $234,950
• 3709 Danewood Drive in Wellesley, $244,950
• 4516 Park Ave in Richmond’s Near West End, $269,000

Interested in touring these great properties?  Contact Skye Bruce at Skye Bruce Properties!

September 17th, 2009

Richmond Real Estate Investment 101

It could be a good time to invest in Richmond real estate or other area markets, given the amount of foreclosures and other distressed properties with reduced prices. It could also be a bad time to invest in real estate, if you don’t know what you are doing. That is the key. It’s a good time to invest, but it is difficult.

Now when you go out to invest you are competing with plenty of other offers. The investors are back. Just like buying a home to live in, taking the real estate investment plunge requires taking stock of your financial goals, planning and lifestyle before taking the plunge.  Pretty much like buying any property. If you’ve got the time, the money and the lifestyle that lends itself to managing a real estate investment, you are just about half way there.  However, both halves are pretty big halves. The National Real Estate Investors Association says you’ve still got a lot of work to do. Here’s how much…. Read the rest of this entry »