Louisville Kentucky Investors

[Jacob Hollen]

Hi there I'm new to biggerpockets and the investing world, I live in Northern Virginia where I don't feel is a good place to invest as it seems over priced here (townhomes 250-400k+) I have been on zillow looking at various cities and found that Louisville appears to be a good market to get started in, my question is would I be in over my head getting a 4 plex/ multi family in another state for my first investment? I'm really not interested in paying 250k plus for a townhome when I can find 4 plexes for 150k right on zillow, are there anything wrong with these properties as far as location goes or is everything really just that cheap there? Thanks in advance for any insight about the city

[David D'Errico]

@Jacob Hollen property types and price vary significantly all over Louisville. there are good, better and best areas. High Cash flowing properties are gonna be in less desirable areas with low appreciation.....areas to look at for a low cost but good to moderate ROI would be Shively, PRP, Valley Station, and Portland or any area around U of L and Churchill downs but there are pockets of higher crime and drug use you have to know the area very well to know what to look at......find a partner or Agent or PM that is willing to be your boots on the ground to look at property for you and give you their opinion of the area.....