Richmond Investment properties announces a single source to find dirt cheap housing investments
May 05, 2008 (PRLEAP.COM) Business NewsThe popularity of many “Do-It-Yourself” television shows and real estate flipping shows has created an avalanche of people wanting to get in on the real estate investing game. The problem is not many people know how to get started. Richmond Investment Properties is helping investors by offering an Investor Bus Tour where 10 – 15 wholesale properties are sold to the highest bidder throughout the central Virginia area.
Many people are looking to invest in real estate as the way to make a quick profit by rehabbing tired looking real estate. When an investor can buy a house at half price then sell for a $10,000 to $50,000 profit or easily rent it out; it’s the fastest way to accumulate wealth.
Many investors make as much on one house deal as they do in a whole year at their job. Some active investors have even been able to kiss that day job goodbye because profits from real estate investing can far exceed their income from their day jobs.
The hardest part about getting started in real estate investing is finding moneymaking house deals. Entrepreneur and long time real estate investor Jim Ingersoll hosts an investor bus tour where he takes lucky investors out to see 10 – 15 super bargains in Richmond Metro area.
The Investor Bus Tour provides real estate properties needing various degrees of repair. Each of these houses are way below market value and have a very low starting bid. Every property is sold to the highest investor, through sealed bids, during the Bus Tour.
On the last bus tour, a duplex being used as a rental property in Petersburg, Virginia worth $115,000 (after rehab) sold for just $24,775 and another home in the historic district worth $195,000 sold for just $66,345. In just 5 hours on the bus Richmond Investment Properties sold a total of seven investment properties. Richmond Investment Properties wholesaled over 100 properties in 2007. The profit potential in Central Virginia real estate is enormous as a local military base is ramped up and there is a housing shortage.
Richmond Investment Properties provides sources of financing for the property as well as the rehab costs so it’s possible to get into one of these money making properties with no money down and no payments for six months. Richmond Investment Properties also provides sources for reliable contractors and property managers in the Richmond metro area. With the investor bus tour it’s easier than ever get started as a real estate investor.
For more information about upcoming investor bus tours, contact Jim Ingersoll at 804-677-9025 or visit http://www.cheaprichmondhomes.com