NYC-based Louisville Native looking to start sending $ home

[Alex K.]

Hello everyone, 

Long time lurker first time poster. After acquiring a primary residence in my local market as well as a property abroad, I am interested in starting to invest in SFR in Louisville. Mainly looking in the sub-100k range, looking for turn-key and managed by PM. Looking for cash-flow and hoping to maximize built-in equity. Not overly concerned with appreciation potential.

That being said, I grew up in the Fern Creek/J-town area but feel I may be a bit priced out given how properties have appreciated significantly in the area extending down Bardstown road past Glenmary. I am looking for lower turnover tenants with solid cashflow but am focused more on building equity and minimizing risk. What zips would BP recommend I spend more time analyzing? I have been looking in 40208, 40272, and condos near Westport road.

[Natalya Whitaker]

I’m a full time realtor/investor here in Louisville. I’ve got a lot of friends who do pretty well in 40215 and 40219. You can still find a solid deal there once and awhile. 

Also check out http://freedompropertygroupky.com

I know this guy. He specializes in turn key. Buys most of his homes at the Louisville commissioners auction fixes them up and then puts tenants in them.