All Forum Posts by: Brandon Castillo

Hey man, welcome to Lexington! There is a facebook page “Bluegrass real estate investors” that you should join for sure! I’m pretty new to investing but would be happy to help you learn the area anyway I can!

Thank you to everyone who responded, I appreciate all the feedback and will definitely try to increase the rent going forward!

@mattwalker thanks! I’m looking in the Lexington, KY area

Hi! I just bought my first duplex as a househack and was wondering what you all thought about the deal so far!

Details:

Price: $197,500

Loan: 186,855

Mortgage: 1150

Interest rate: 2.875%

I live in one side and the other rents out for 750. I used an FHA loan and paid around $20,000 all in for the downpayment and everything else.

I didn’t know if I should have waited or if I screwed up with my numbers initially or if it was a good deal. I am living by myself and could live here or with my parents (really wanted to move out). My thought process is that I am saving around $300-400 per month because it would have cost a lot more to live by myself elsewhere, I receive $325 in equity each month and when I move out it will cashflow at least $100 per month after expenses but I don’t know if this is enough to cover me or not.

Thanks for the input!

Hi everyone,

I just bought my first duplex and plan to househack and rent one side out! I was wondering if anyone has any idea what the rental market is like in Lexington KY. How is everyone’s rentals doing? My duplex is by the summit and I am hoping to rent out one side that has 2bed/1bath for about $775 a month but as my first one, I don’t know if that is a good price point or if I need to go higher or lower.

Also was wondering how timing might affect how long it takes to get someone in to rent as it will not be available until mid-october!

Thanks!