Good/Bad areas in Louisville KY?

[Kyle Stockton]

I'm a newbie looking for my first deal in the Louisville area. I think I found a promising four-plex, but the numbers seem to good to be true and it's near the west end. To any investors in the Louisville area, would you recommend staying out of that part of town? What zipcodes/areas would you recommend staying away from and/or investing in?

Thanks

-Kyle S.

[Erik Hitzelberger]

People invest successfully in every area of Louisville.  That being said, different areas have different tenants and require different knowledge bases and skill sets.  If you are not willing to do what it takes to be successful in the West End, you will do poorly.  

Taking action is critical.  Surrounding yourself with a strong community of like-minded people and getting educated are equally, if not more, important to your long-term success.  Find someone who handles west-end, multi-family units well and ask them for advice.  Compensate them if needed.  It will be money well spent.  I also recommend joining KREIA.