Louisville West End - Portland Investment Initiative

[William R.]

Is anyone familiar with Louisville's Portland Investment Initiative led by Gill Holland?  Anyone Investing or have any thoughts?

http://www.bizjournals.com/louisville/blog/2013/10...

http://wfpl.org/post/change-coming-louisvilles-por...

[David D'Errico]

Yes I have started investing in the area.....we have 5 units 

2/1 purchased for $19k + $2000 in repairs rents for $600

2/1 purchased $13k + $5k In repairs

Rents for $650

3/1 in (West-End) purchased $25k + $10k in repairs rents $900

Duplex 2/1’s purchased for $5k worth more,  plan to invest 40-50k not rented yet renovations to begin soon 

We haven’t really had any major problems, standard rental headaches..... 

Outlook has changed some.... more businesses more renovations on homes In the area are prevalent..... Pii is investing quite a bit in the area.... commercial district is seeing a lot of improvement and making it’s way down Portland and Bank st toward 26th

Can’t say I would recommend it to your client if he is a new investor, just some things that come with the area that new investors may not want to deal with