All Forum Posts by: Laura Tokgozoglu

We just purchased our first investment property in Lynchburg. We ran into what Jeremy Hart is talking about and ended up going with a local lender. Our interest rate ended up a little higher. We put 20% down and we have an excellent credit score. Lynchburg and Liberty are growing and I think that it is and will continue to be a good solid place to invest in college rentals. We are in it for the long haul though and are not making much in cash flow...but we are also using a property manager at this time as we live in South Carolina. We are older and my husband has an excellent W2 job, so we do not need it as income, it is purely a long term investment. We wanted something that we would not have to put a lot of time into, or money so we bought a fairly new 2br/2ba condo that the property manager says is very easy to get tenants into. We are planning to buy another one in 2017. The nice thing about Liberty is that the college is a Christian college and therefore not a huge party school. We bought the property with a tenant in place(lease up in June) When the lease is up the rent will go up about 8% and then we will be cash flowing.

Hi Anna,

 We just bought our first investment property in Lynchburg. I can recommend Mickey Herzing as a Realtor...he has investments of his own and is very knowledgeable about the area. Also going to the REIAs is a good idea. I would not spend any money on a seminar. 

Good Luck!

Good for you! Took a lot of guts and courage to take it on and deal with Chicago beaurocracy! Looks great!

Thank you for this valuable information! We may be moving back to Maryland and possibly investing in Baltimore so very timely for us!

There is a Documentary on Netflix called "High Profits" about a Cannabis store in Breckinridge CO. Very interesting.

Welcome! 

Congratulations on the buying your home!

My daughters go to Liberty and we are in the process of buying our first investment property there! 

Laura T

Hi Cathy,

Welcome! My husband and I moved to Aiken last year...we are getting ready to purchase our first rental...not here but in VA where our daughters go to school. I am thinking of getting my Realtors license beginning of next year.

Yours,

Laura T.

Amazing! Kitchen is awesome! How long did it take to sell?...I am thinking not very!

You might like this book, I loved it!  A new way of looking at things. You are young and have a whole lot of time to make things happen! My husband and I are in our mid 50s and we didnt really start saving until 12 years ago. 

https://www.amazon.com/Early-Retirement-Extreme-Ph...

I don't think so