All Forum Posts by: Brett K.

How big does a contact list or mailing list need to be before it makes sense to switch from a spreadsheet to a database?

I'm putting together a mailing list.  I don't need to do analysis.  

I'm surprised how little info there is on this topic that's for the consumption of the non-techie out on the web.  

Thanks in advance. 

Come here the story of how this investor acquired a great property in the Highlands and what she is doing with it to make it cash flow.  

Tanya Hahn and Jason Mudd thought they were buying one building to be the Head Quarters for Yes Louisville. They ended up with three buildings! 

It is now HQ to Yes Louisville and the newly opened Co-work space, Yes Working.

Tanya will share some details on how her deal came together and how it is developing.

There will also be networking and local real estate news.

If you have any off-market deals please bring a handout.

• What to bring-
Business cards and/or something to write on is a good idea.

Cheers, Brett

P.S.  So far 42 people have signed up to come.  Sorry for the short notice.  Hope some of you BP's can make it too. 

If you want a 2nd opinion I can help.  My background is appraising. 

Come & network with local investors.  We will be sharing local real estate news, do a couple of rounds of 'speed networking', and you are welcome to pitch your deal.

No fee to attend and you are responsible for your own food and drink if you wish to eat or imbibe.  By the way, the beef brisket is fantastic.  

I don't know what kind of 'creative' things you are doing but you are usually better off with the bank loan.  I assume you are using a portfolio lender (e.g. local bank that will hold the loan)?  The small banks are usually the best choice.  Hard money is a useful tool but it's almost always the most expensive option.  Sorry I can't be more specific on the numbers.  Each lender will be different and you will be treated differently based on your experience, collateral, and relationship with them.  Mr. Money & Surepoint Equity are two local HM lenders.  You can google them and get a quote. 

I know it's short notice but BP people are welcome to attend.  We will discuss how to (safely) buy a property from a wholesaler.

There will also be networking and we'll discuss local real estate news too.  There are no fees to attend and you are responsible for your own food and drink tab. 

Cheers,

Brett

Adam, it depends on your goals.  Are you looking for cash flow, appreciation, both?  How's your risk tolerance?

The 40215 zip & south of there in Beechmont, Hillview, areas in Okolona are safer plays and you can flip and find cash flow properties in these areas.  

I see landlords liquidating in these areas.  Others are still loading up.  Remodeling Trends & Best of the MLS 8-2-18

Adam, I've been watching the area.  My background is in appraising (16+ years) and as of today it's a good cash flow area (i.e. ghetto) but it doesn't hold value.  It's impossible to flip because the upside values are not there.  Crime is high, most of the properties are very old and worn out.

My primary concern is that there is no organic revitalization.   It's all contrived by outsiders.  None of them live in the area.  

In contrast, Germantown, Nulu, Butchertown, and now Shelby Park were all sub-par areas to varying degrees but what they all shared in common is they were bordered on at least two sides by much more expensive areas.  Portland is cheap and it's surrounded on all sides by cheap.  

I don't want to be tagged a naysayer but I think the Portland proposition is much more complicated than the above mentioned areas. 

Nice towns;  I wouldn't mind trading places with you......  

Ouch.  

I would get multiple estimates.  One contractor's $18,000 job might only be $12k from another.  

Without appreciation do you have enough equity for a line of credit?