All Forum Posts by: Aaron Smith

@Jay J. I am familiar with the area. I owned a 4 family nearby. Your screenshot shows areas closer to the downtown covington (War Zone). This is South near Taylor Mill, KY. Still low income area, but not as "stabby".

I know what my plan is. As a buy/hold investor I plan to keep it as a HOLD property and do a HELOC so I can use the equity for other investments. Just wanted to see if others would be tempted to flip it. The fact that the ARV is high enough to cash out MORE than the initial investment is a no brainer to keep it. There's enough meat on the bone (cashflow) that I can hire a property manager to deal with the tenants.

Received a lead on a Duplex in Latonia (Covington, KY) for a 2 unit (Two 2/1 apts). Seller paid $90k in 2009 and will sell to me for $30k. It's vacant and needs about $4k - 5k in work. ARV is around 60k. Market rents for a 2 br are around 550/mo with tenant paying everything but water/sanitation. Total cash flow after expenses is $9200/yr. Would YOU: A. Keep it and rent out ($9200/yr cash flow) B. Flip it and make $20k-25k If there are any Northern Kentucky folks I'd like to hear from you as well.

There's a group of about 12-15 of us who've been getting together over the last two months. Will likely do another in early September.

Great meeting tonight. 11 of us showed and we had an awesome discussion. Looking forward to our July meeting. 

You can try https://www.hudhomestore.com/Listing/PropertySearchResult.aspx?sState=KY&sLanguage=ENGLISH Do you have a team together? An investor friendly agent, attorney, accountant, General contractors , etc. if not, let me know. Whether you investing in east end, shivley, Dixie hwy, or hurstborne, it can be a learning experience. Where are you thinking of investing?

Myself and @Sonya Antrobus are planning a meetup in Northern Kentucky. I have access to some space in Kenton County in the Ft. Mitchell where we could meet as a group.

Get Sonya your email addresses. I will also add an event to the event section for a NKY Meetup. Big thanks to Sonya for putting the invitation together. 

@Sonya Antrobus can you call other's to this thread?

Myself and another group of BP investors are considering starting a Northern Kentucky BP meetup. If we had a meetup in Kenton County on May 26th from 6-8pm who would be interested?