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All Forum Posts by: Jay Leisten

Jay Leisten has started 8 posts and replied 341 times.

Post: Historic Restoration Questions - Pros/Cons

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
My buddy Travis Curtis does some historic Reno work in louisville but usually is only doing 1-2 at a time due to delays and restrictions.

Post: Property Manager Referrals?

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
LREI/ Clay Smith who is on BP or Jason Weiss. Also heard good things about Jay Pitts

Post: Bought a house at forclosure auction in Louisville KY, now what?

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
Contact Hunt Rounsavall or Harry Borders to get title search started and start figuring out who you need as contractors and what’s needed to get the property going. Congrats!

Post: Advice on Louisville Kentucky Local Bank...(refinancing 8-10 SFR)

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
I’ve got a few people you can talk to. My preferred lender just changed banks, so I have to see if she can still do the same deals.

Post: Elizabethtown REIA or Investor Meetup

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
Troy talk to the Kreia folks and see if they want to do a satellite meeting. I think there’s 15-20 people coming up from e-town and ft Knox.

Post: Newbie from Louisville, KY

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
Welcome to the louisville BP community. Come out to KREIA if you get a chance. Good lick w ABB. We are testing it as well on a property.

Post: New Member From Miami, Florida

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
I’m from Louisville and my wife’s family operates a brokerage down in Miami. Welcome to BP. If you would like any connections let me know.

Post: Realistic cash flow on SFR in Louisville?

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
I look for 1.5+% of purchase price in rent. You can find them via MLS but you have to be quick. Most good mls deals will get blind offers at this point. Wholesalers are a good resource, but only a few can do math. Don’t fall for the highest ARV and highest rents in the area trap. Also here’s a reason they’ve moved things around to block or cover issues. If you can find someone to mentor you a bit and split a deal or 2 you can get some good tips, and connect with the right contractors etc.

Post: Hey Louisville! New to BP and REI

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
Good luck with your plans. I’m a Kreia member and really like it, real estate agent working mostly with investors, and investor in buy and holds. Feel free to message me if you want some feedback.

Post: $25K Personal Loan to Finance & Rehab 2 SFH Properties

Jay LeistenPosted
  • Real Estate Broker
  • Louisville, KY
  • Posts 362
  • Votes 232
What repairs are needed that only require 5-10k rehab. Just want to be sure your numbers are right