Newbie investor ready to invest in Louisville, KY

[Clifford Merritt]

Hi BP family, thank you for taking a few minutes to read this post.

I cant express enough my gratitude and appreciation of the openness and transparency and value these forums offer from folks like you who’ve been there and willing to help.

I’m in need of some help, I have a good amount of cash ($50k), excellent credit above 800 and looking into Louisville area, currently living 20 minutes north in southern Indiana. I’m looking for any recommendations for a realtor, wholesaler, lender, PM, mentor.

Any associations, (looking into local meetups). Would like to make first purchase within 30 days.

Any suggestions, connections or recommendations? I read all the time on BP to reach and build relationships. Hoping to make that connection.

I don’t have much to currently offer in return other than a willingness and strong desire to be mentored, learn and pay it forward with folks like me in the future.

Thank you again!

[Luke Neubauer]

@Clifford Merritt welcome! Louisville is great for real estate investments. Have you considered the BRRRR method? Downside is they usually require more remodel work up front, but the good thing is you can take most if not all your money back out and reinvest into other properties if you have solid numbers. I have done this many times and wouldn't have near the portfolio I have today without utilizing this strategy.

As for meetups, I like KREIA even though it does cost money, $30 a time for non-members and when I started going, it pushed me out of my comfort zone to try to talk to people I didn’t know who had way more experience than me.

Also, @Raphaelcollazo and I have started a relaxed, free local networking event once a month at a bar/restaurant called the Manhattan Project at 2101 Frankfort Ave 40206. It’s always the last Wednesday of the month from 6:30 to 8:30 so if you want to come out and meet other new investors and full time investors, we try to share as much info as we can. Find us on Meetup.com and it’s called the Louisville Real Estate Investors Meetup Group.

In my opinion, networking is huge to be successful in this business. I wish you the best beginning your investing career!