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Originally published July 11, 2024
BELMONT COUNTY, Ohio (River News Network) – There is a new real estate investment company on the block that’s offering a chance at home ownership to people who thought the American Dream was out of reach for them.
Rich Investments Group offers a range of real estate options for buyers and sellers, and they just opened a new office at 48000 National Road in St. Clairsville, right off I-70, exit 215.
Rich Investments Group was founded two years ago by three managing partners, Eric Richards of St. Clairsville, Mark Magitman of Florida, and Martins Ferry native Jordan Murry, who now lives in Arizona.
Their goal is to revitalize and invest in the Ohio Valley and to offer homebuying and selling options to clients through what they call their creative financing programs.
Managing partner Eric Richards said one thing that sets his firm apart from the pack is its rent-to-own program. Clients can live in and pay rent on their house for two years, then apply for their own financing through U.S. Bank. Richards’s wife, Jessica, is a U.S. Bank mortgage officer.
Richards said his program offers more security than a land contract since it involves owner financing and a promissory note.
He explained his firm can check a client’s credit without impacting the score, and they work on building credit in preparation for home ownership. There is no minimum credit score. They do run a basic background check.
Managing partner Jordan Murry explained that they don’t see everything as black and white when considering a client’s application. If someone doesn’t have perfect credit or a perfect background check, they look at the backstory. Is that person a single parent or a veteran for whom traditional financing options won’t work, for example.
We look at more than just the bottom line. We want to help families and get them back on their feet.
Jordan Murry, Managing Partner
Richards, who is a veteran, says his firm also offers a special rent-to-own housing program to veterans in need, and they can also assist with the VA loan application process.
The firm maintains a database of what clients are looking for so they can choose the home they want. They currently have properties in Belmont, Marshall and Ohio counties including Flushing, St. Clairsville, Martins Ferry, Bridgeport, Wheeling and many other towns.
You can view their available properties on their website.
You can also stop by their St. Clairsville office or call/text them at 740-921-1412.
