All Forum Posts by: Craig Jennings

Louisville, KY is a very hot investment market. Have UofL right here. Student rentals are very popular and you can get a renovated duplex close to campus for around $100K. Live in one side, rent the other one out. If you want more details, let me know.  

You need an on the ground team in Louisville.  On the lending side, contact Heath Majors at Liberty Financial.  He's a local commercial lender and they're very aggressive on rates and terms.  Tell him I referred you.  If you want to talk more, I work exclusively with investors and property manage as well.  All the best!

I'm an investor and realtor in Louisville. To me the age of the property isn't as much of an issue as the condition. All my rentals are 100 y/o SFR's. Most of them were built in the 1920's. If the property hasn't had any updates you're going to potentially run into issues such as old aluminum wiring, old fuse panels instead of breaker boxes, no duct work in the house, old inefficient windows, and no insulation just to name a few. If it's currently being used as a rental I'd imagine many of those issues have been addressed but not necessarily. If you want to give me the address of the property I'd be happy to give more specific feedback. All the best!

@Cody Merkes

KY real estate law requirements are not as stringent as some states but there is still a process.

Here's a link to the laws.

https://apps.legislature.ky.go... if you need a local attorney to help, I'd suggest Borders and Borders in Louisville. They're the investor experts.

If I can help further let me know.

All the best.

@Sean Tift

I've worked with NREIG for years and am very happy with their service. Here's a link if you want to check them out NREIG.com

All the best

@Jordan Moorhead

Would be happy to talk with you about what you're needing. Sent a connection request to talk further.

All the best

@R. Smith

Sorry I somehow missed your response. Pm me and we can discuss details offline.

All the best

I'd suggest finding good legal and tax advice on how to structure it. I hold property in severall LLC's and there is a process to it. Get the right advice to have it setup correctly from the beginning.

@Matthew Bruce

This has already been basically answered but if the owner was managing everything on their own without there being an MLS listing there's no way I kmow of to track rental history outside of current landlord details. Good luck.

@Alberto Osorio

I'm in KY. Need more details on the $3700 a month in expenses. That's 30% of your gross rent and works out to $230 a month per unit. What is this paying for? That seems like it may be high for just utilities but without more details it's hard to say. Also, as you know, the property has a direct effect on utility cost to a certain degree. Need more specifics to have a better perspective.