Scouting potential out of state deals. House hack, Louisville, KY

[Ryan Penne]

Happy Valentines Day all,

 My girlfriend and I are planning on moving to Louisville, KY in about a year. We are looking to house hack a small multi-family once we get there. We are flying to Louisville for 3 days about a month from now to get a feel for the area and are wondering if anyone has advice on how to best feel out neighborhoods and potential deals while on a weekend trip? 

Thanks for the help!

Ryan

[Erik Hitzelberger]

Originally posted by @Ryan Penne:

Any suggestions on getting the best bang for my buck while I'm there?

Forget the lists, etc.  If you are not going to buy for a year, you should focus on narrowing down the area and type of property.  This is easily done by driving the neighborhoods.  Your target areas are pretty small.  Drive through Old Louisville.  Check out the areas west (not too far) and south of campus.  That will take about an hour.  Spend a little more time in Germantown to figure out what streets are good and what ones need a little more development.  Finally, eat, drink, and hangout in the highlands.  See what all of the fuss is about.  The house you see in each of the 4 areas I just mentioned are distinctly different.  So are the tenants.  If you are going to live in the house, your time would be well-spent checking out the people who may be your tenants.