How is the market in Lynchburg?
Anyone here investing in Lynchburg, Va? I'm in the Harrisonburg area, however, I have family in Lynchburg and we're there fairly often, and it's only about 2 hours away. I've looked around a bit, and it seems that there are several duplexes and such for well under $100,000 and a lot of properties with existing tenants, that meet the 1% rule. That simply isn't a thing here in Harrisonburg. I've ordered the Long Distance Real Estate Investor to study up on the idea.
I know there are some better/worse areas of the city (and most of the "steals" seem to be in the worse areas, but how is the market in general? Are vacancy numbers through the roof? Are there good property management companies there (which ones)? Any other thoughts?