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Author: Rich Lennon

Interest Rate Hike

The Effect of Interest Rate Hike on the Housing Market

January 10, 2017

Well, it finally happened. On December 13, 2016, the U.S. Federal Reserve announced a 25-basis-point hike in its benchmark federal funds rate and indicated that it expects three further increases in the coming year. It was a decision long-expected. After all, it had been a full year since the Fed’s previous rise of a quarter […]

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Potential Impact of New Government on Real Estate

December 23, 2016

With the presidential election behind us, commercial and residential real estate developers everywhere are wondering how a Trump administration, led by a fellow real estate developer, will affect their industry. So far, Mr. Trump’s policy platform has been largely vague on issues related to real estate. Understanding how the new administration policies will affect the […]

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getting started in real estate investing

Ten Tips for Getting Started in Real Estate Investing

November 21, 2016

You’re interested in getting started in real estate investing, but you’re not sure how to start. You’ve watched your share of the real estate shows on HGTV, and you find it appealing, but how do you transition from watching on the couch to actually owning an investment property? Is it as easy as they make […]

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Richmond Map

Where to Find Good Real Estate Investment Properties in the Richmond VA Area

October 24, 2016

In order to be successful as a real estate investor in Richmond, you must learn how to find good real estate investment properties.  The first step of that process is knowing where to start your search. As you may remember, in my last blog post I taught you about the four stages in the evolution […]

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Home repairs

How Much Do Home Repairs Cost?

September 16, 2016

As a real estate investor, one very important skill you must develop is being able to judge fairly accurately how much home repairs will cost.  Based on my personal experience, I’ve developed rules of thumb that I use to estimate repair costs, which I will share with you now. Keep in mind that these are […]

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