All Forum Posts by: Account Closed

@Marc Boiron I actually live and work as a property manager for a local investor in Lynchburg, I know a good bit of people and deals, depending on where exactly in Lynchburg your looking? If you message me I'd be glad to fill you in on some great deals and all the new construction thats going up around here.

0 Votes

Thanks everybody!!!

0 Votes

@Trevor Ewen

I've been in Lynchburg for almost 10 yrs now and it seem that everything is centered around the colleges and major employers in Lynchburg. Liberty University is really at the hub of it all and since its one of the fastest growing in the areas everything else seems to follow suit in regards to what they're doing. I've only been to Buena Vista a few times, mostly we just pass through it on the way to NC because there really aren't many if any attractions, that I know of.

Depending on what your planning on doing though I'm sure there must be opportunity out there, the name just doesn't come up that often (but of course that is relative).

0 Votes

Originally posted by @Daniel Shadle:

I'm just finishing up college and am looking to go into buy and hold investing full time.

How do you plan on affording to buy and hold as a newly college grad?

I currently live in Lynchburg, Va, which seems to have a very small market for real estate.

Small areas can be good to learn in before you go into big cities, which have more areas you have to learn and people/competition. I didn't think there its a lot in Lynchburg at first but there are some people that are quite wealthy off of RE.

I have no problem moving to a new location but I don't know what a good location looks like currently.

You can virtually do real estate anywhere, its just a matter of knowing whats going on in that particular place.

What are some key things to look for when deciding where to live? Does it really matter or do you pick a city and find the real estate opportunities that the city offers?

For us we decided to stay here for a while, because of the low cost of living. We ended up buying a house and converting it into a duplex. Not to long ago I started managing properties, and have learned a lot from the owner and other managers. Most cities have opportunities, its just a matter of knowing what's going on in that particular area.

Currently I’m within 3 hours of Virginia Beach, Fredericksburg, Va., Richmond, and Raleigh, Nc. Is 3 hours too far to be doing my own management?

Based on my experience and what I see everyday, unless you have a GREAT maintenance dept., 3hrs is far (but that is relative).

0 Votes

We found a home that could be renovated and held, but were looking to build our capital for now so were thinking of putting a contract on it and just wholesaling, however we have a ton of questions about the process, like;

1. How do we get an accurate valuation (who all can do it)

2. How do you comp such a property (its a 5br/3ba SFH, thats been split into a duplex, on 1.37acres, zoned business but last used as a residential)

3 We want to put a contract on it with contingencies regarding the inspection, partner approval and also an assignment clause. (Is that some things I can download or draw up myself of should I seek a pro?)

4. Once a contract is on it, how am I supposed to show/advertise it?

0 Votes

Hey all,

Fairly new to this method of networking and learning, got any tips? Anybody in my area? What has your experience been like in RE so far?

1 Vote

All Forum Posts by: Account Closed

Account Closed has started 5 posts and replied 36 times.

Post: Hello from Wilmington, Delaware

Post: New to Bigger Pockets... Lynchburg, VA AREA!!!

Post: Buena Vista, Virginia

Post: To move or not to move?

Post: Wholesale fast approaching [URGENT]

Post: New to Bigger Pockets... Lynchburg, VA AREA!!!