I really enjoyed spotlighting Michael Guthrie, the CEO and Managing Broker of Roy Wheeler Realty Co., on The I Love CVille Show presented by Intrastate Inc.
Michael offers tremendous insight into the current Charlottesville and Central Virginia real estate markets and lets us know his CVILLE HOT SPOT for real estate investing.
We see Michael on a personal level, including his appreciation for Angelo Vangelopoulos and Farrell Webster Vangelopoulos, the owners of The Ivy Inn Restaurant. Michael and his wife, Dottie, are passionate about CVille Food and enjoy supporting local businesses in town. You may see them eating tapas al fresco at Oakhart Social in Midtown, or enjoying brunch at Bodo’s Bagels, where Michael earned the No. 1 ticket of the day.
A diehard University of Virginia fan, Michael is an ardent supporter of UVA Hoops and Virginia Football.
As the top executive at Roy Wheeler, Micheal oversees 120+ real estate agents over six offices positioned strategically across Central Virginia. Michael says Roy Wheeler has enjoyed longevity, in part, because of how it trains its real estate agents.
Interestingly, the Roy Wheeler Realty Co. was started in 1927 by Mr. Roy Wheeler. He borrowed $300 to open the business on the top floor of the Monticello Drug Store, now known as Timberlakes Drug Store and Soda Fountain.
Roy Wheeler Realty Co. CEO Michael Guthrie is a man of confidence, charisma and conviction. You can hear it in his voice when he speaks about his faith, his family and his real estate career.
Michael explains the importance of his faith in this I Love CVille Show feature presented by Intrastate Inc. I appreciate Michael’s honesty and candidness. He’s authentic, genuine and unafraid to be himself, which is rare in today’s “politically correct” society.
A diehard University of Virginia fan, Michael is an ardent supporter of UVA basketball, football, tennis and baseball.
As the top executive at Roy Wheeler, Micheal oversees 120+ real estate agents over six offices positioned strategically across Central Virginia. Michael says Roy Wheeler has enjoyed longevity, in part, because of how it trains its real estate agents.
Interestingly, the Roy Wheeler Realty Co. was started in 1927 by Mr. Roy Wheeler. He borrowed $300 to open the business on the top floor of the Monticello Drug Store, now known as Timberlakes Drug Store and Soda Fountain.
Jerry Miller: Charlottesville real estate agents that want to get into the game. They’re young, they’re hungry, they know social, they know digital. What are you telling them?
Michael Guthrie: One, that they need to be in it both feet. And, what that means is, no other jobs. They need to figure out, “How can I do this for six months and not get paid a dime?” Because, if I do that, after six months I’m going to start having cash flow.
Whether you go back to your parents – I’ve said find somebody – there are all these different venture capitalists and angel funds, find somebody and put a business plan in front of them and say, “This is what I’m going to do and this is what it’s going to be and in two years I’m going to be able to give you this return on your investment.”
But you have to have the ability to really get into it, be trained right (which a lot of people aren’t, they’re going into companies that just don’t train), take the time to really make the connections and, ultimately, it will start building on itself.
But if you’re trying to do it half in and half out, it’s really difficult to do.
Roy Wheeler Realty Co. CEO Michael Guthrie offers this “Pro Tip For Real Estate Investing In Charlottesville, Virginia” on I Love CVille Real Estate presented by Intrastate Inc.
Jerry Miller: Alright, from an investment standpoint, if you are a commercial or real estate investor, where should you put your dollars in Charlottesville?
Michael Guthrie: Ok, I’m going to give you my secret, and my agents are going to be mad at me. I actually think the Orangedale Neighborhood is the sleeper right now.
It’s a neighborhood with duplexes. They trade anywhere from $100-$150K. If you know where Orangedale is, it’s five minutes from Wegmans and from everything that’s happening over there. Plus, as Charlottesville comes south, if the strategic investment area comes about, you’re five or ten minutes from there. You’re an easy five minute drive to Brazos Tacos.
I mean, why wouldn’t you want to live there for that reason alone?
Jerry Miller: I totally agree with that. I think the Southside of Charlottesville is where the money is going to be, it’s the hot spot of Charlottesville, without question…
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CEO Jerry Miller
