Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated almost 7 years ago,
Lexington, KY first investment. Need opinion on neighborhood.
Hello all,
I’m considering a deal in Lexington, KY, but I want opinions on the neighborhood. The house is off North Limestone and close to New Circle. It is approximately 0.8 of a mile from some of the trendier existing businesses. It’s my impression that the area is growing, and I see houses here and there that are being flipped. If the numbers are as indicated, it would cash flow, but does anyone know if this area is worth buying in? I don’t feel it’s growing as fast as other parts of Lexington, so it feels more like a gamble.
Also, I’ve heard being a land lord in Lexington is more challenging than other cities, such as Indy or Kansas City, MO. This will be my first investment property, so I want to be especially careful.
I’ll appreciate your input.
Thank you!
Katie