All Forum Posts by: Jessica Frasier

@Account Closed Thank you. Looking forward to hearing from you!

@Account Closed Thank you so much! I just wanted to be sure I wasn't missing out on anything. If you don't mind me asking, since you are more familiar with Lynchburg as an investor, are there any particular areas that are more desired than others? Or are there any particular areas I should avoid? 

In my time in Lynchburg, it seemed like a small college town where college students (and professors, families, etc) seemed to just live all over. I went to school in Blacksburg, VA and I know that was the case there.

Hello!

As mentioned in my past posts, I'm new to investing and have had to do a lot of self-evaluating and my niche and what area I want to focus on. After reading the very helpful advice from those on BP, I decided to stay in a market that I am familiar with and that is relatively close. 

I am considering a multi-family property (2-4 units) in Lynchburg, VA. I have family members who lived there for several years when they were in college. I already ran the numbers and if everything is right, I foresee it to be a very profitable investment. I'm particularly looking at multi-family property closer to Liberty University or at least on the bus route.

Does anyone have any experience in investing and renting in the Lynchburg area? 

@Tracey Hill Of course! I only just messaged someone I found in another post who leads this meetup. I don't have any details yet but I will send you any info, assuming they reply!

@Tracey Hill Thank you so much for writing! It seems we have a lot in common. It's definitely hard, but it's good to hear from other people in the DMV area. I hope we hear from experienced investors who may be able to weigh in. I was able to locate a meetup in Fairfax, VA and I hope to attend soon. When I get home from work, I will be doing some research about different areas in Southern VA. Perhaps there is better luck down there.

@Penny Clark Thanks for the information. I'm definitely going to use citydata.com in the future.

@Jacob Pereira Thanks for the advise. I have friends in the Richmond, Norfolk, and Roanoke areas so they may be good options. I really have a lot to think about. Luckily, when my husband and I bought our home, we budgeted so that we were living below our means. We have been able to save a lot for a down payment so far and we plan to continue that way. We're both in high demand, IT jobs which includes a raise and quarterly bonuses for both. I suppose that's a benefit of living in such an expensive area. 

@Eric Raio Glad to hear someone else is in the same predicament. I used to live further out of DC so I may have to take your suggestion! 

@Bennet Sebastian @Clay Smith Thanks for the advice. Usually, it seems obvious to stay local and because I know the area so well however it's so expensive in the DMV area. I'm looking to just buy and hold and not flip.

When I was looking for my own home, I thought it would be cheaper to get a fixer-upper but even those homes were terribly pricey. Do you have advice on finding investments in an expensive, competitive area?

Hi everyone!

I'm brand new to the idea of investing and I have been diligently researching the basics thanks to BP!

I live right outside of Washington DC so I plan on investing in properties further away because of the high prices here. At first I thought I wanted to look into vacation rental in Orlando, but now I just feel confused. 

I'm researching different areas such as: Richmond, Virginia, Austin, Texas, Houston, Texas, Raleigh, North Carolina and so on. I'm feeling so overwhelmed.

Once I choose the right place, I want to learn the ins and outs of the market there and any other information I will need. I also want to network with other investors in that area. I'm at a place where I need to stop and ask someone experienced for any advice on how to proceed. 

I would ideally like to invest in a multi-family property for long-term lease. Right now, Richmond, VA sounds like a good choice because it's the closest to where I live now. Any suggestions on how to choose a city for a beginner?