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Laura Tokgozoglu
  • Rental Property Investor
  • Catonsville MD
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135
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I'm an investor in Lynchburg Virginia. How will Corona affect me?

Laura Tokgozoglu
  • Rental Property Investor
  • Catonsville MD
Posted Mar 30 2020, 12:54

We have Three 2br/2ba Condos in the Cornerstone area and One 3br/4ba Townhouse in Wyndhurst. They have been great rental properties. I am interested in what realtors, lenders, investors etc. think the Covid 19 virus will have on the market in Lynchburg. I am hoping that Liberty University will be the economic engine that keeps Lynchburg somewhat sheltered. I feel that retail will take a huge hit and many smaller operations will not be able to recover. I would appreciate any thoughts. I am wondering if it might make sense to sell one of the condos in order to get a little more cash. We have some equity. My husbands job is secure and we do have savings, even if we did not get paid rent for a month or  two we would be able to manage. 

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