Investor from Richmond, VA exploring Louisville market

[Matthew Maggy]

Hello Kentuckyans. I live in Richmond, VA and have some family that lives in Lousville and I noticed that it's a pretty neat place with some great blue collar renter-type jobs at the confluence of rivers and was curious what the real estate market's like there? I'm not looking as much at metrics and numbers (although any that you can offer would be great) but more so about good neighborhoods to look in for Class B/C, recommendation of good teams, what rents are like. Anecdotes? I'd love to have a phone conversation with someone.

My preliminary research shows that it's a good place to invest from an economic perspective, but are the deals hard to find there now? Can good deals be had from wholesalers? Recommendations of property managers and contractors?

Any input is appreciated and I will be happy to share the same information about my market here in Richmond, VA.

[Ian Olmsted]

 I look at Louisville in 4 chunks.  North of 64, east of 65 is where all the wealthy folks live (Oldham County) prices are high though.  South of 64 and east of 65 is probably your best bet.  A mix of middle class and working class.  Jeffersontown sounds like what you're looking for.  Solid B all day long.  North of 64, west of 65: Old Louisville and U of L have some gems, but it can be hit or miss.  Shively is a war zone.  West of 65, south of 64 is a mix of rough characters that slowly blends more towards rural(ish) working class as you get farther southwest. 

All of this is pertains to areas inside and immediately outside 265 (Gene Snyder as we call it)

If you want B/C class, look at Radcliff, KY.  It is the area closest to Fort Knox.  Everybody rents and the military provides steady income to a lot of businesses.