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All Forum Posts by: David D'Louhy

David D'Louhy has started 4 posts and replied 22 times.

Post: Newbie in Lynchburg, Virginia

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Welcome, Kim!

Post: New member living in Virginia

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Hey Nam, you should be able to just search for a REIA in your area on Meetup.com. There may be other places to search for them as well, but meetup has served me well in the past.

Post: New member living in Virginia

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Not strange at all. New investors are completely welcome at the REIA.

I'd be happy to meet when you get off work. Sent you a colleague request with more details in there.

Post: Ways a high schooler can make money

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Barry, another option could be to ask neighbors if you could do their lawn care using their equipment. Obviously, they'll need to trust you, and not everyone will like that idea, but it would allow you to get started and earn some money (and see if you like it) before investing a lot of money into it. This also allows you to see if there is a market for you to sell your services to.

When I was in ministry school, a close friend and mentor was training for a half Ironman triathlon. He was very excited about it and convinced myself and a few others to go for it as well, so I bought a road bike (the ones with the skinny tires that are really uncomfortable to ride). Keep in mind, I had little money, working part-time while being in school, so spending $450 on a bike was pretty stupid. I rode it a few times before I got a flat tire on the rear wheel (which is harder to fix) and I basically stopped riding at that point. I eventually got the tire fixed and sold the bike for around $200 later that year. Waste of money and waste of time. I should have tried someone else's bike a few times before considering getting my own.

Good luck!

Post: New member living in Virginia

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Hey Marlin, welcome to Bigger Pockets! You may also find it helpful to attend the local Real Estate Investors Association (REIA) that meets each month. We just had our last meeting on Thursday. Here is info about the group.

https://www.meetup.com/Lynchburg-REIA-Real-Estate-...

I was a youth pastor as well, and still work at a church full-time now here in Lynchburg. If you are interested, we could meet and discuss real estate and how you might be able to help with my real estate investing to earn some extra income.

Post: Where do you hold money while you look for your next property?

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Any tips on a liquid "investment" that would be advantageous for keeping funds that will be used to purchase the next investment property. 

It doesn't seem to make sense to keep it in a bank account earning nothing, and while I could move it to a savings account earning about 1%, I wasn't sure if you all had any better options that wouldn't put the capital at risk. 

I had thought perhaps whole life would be an option, but because I would just be starting out, the cash value in the first year would be only about 20% of what I would put into it. AND I found out that in my state that the cash value can be taken if sued.

Where do you put your money while waiting for the next investment?

Thanks in advance!

Post: New member from Lynchburg Virginia

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

@Nina Davenport were you at the REIA last week?

@Matthew Skinner there is a group for investors in Lynchburg. http://www.meetup.com/Lynchburg-REIA-Real-Estate-Investors-Association/

Post: Lynchburg VA new member

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Welcome Grace! Have you been to the Lynchburg REIA yet? We met last Thursday. http://www.meetup.com/Lynchburg-REIA-Real-Estate-Investors-Association/

Post: Recently relocated to Forest (lynchburg), VA

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

Lamont, I am definitely interested! I can't figure out how to send you a PM though. Can you send me one? Thanks!

Post: Recently relocated to Forest (lynchburg), VA

David D'LouhyPosted
  • Real Estate Agent
  • Columbus, OH
  • Posts 22
  • Votes 2

I am looking for deals to rehab in Lynchburg and Forest. Please let me know if you have any! @Sharon Palmer

 @Lamont Hamlette