All Forum Posts by: Jake Guhy

@Jonathan Baird Hey Jonathan - I similarly fluctuate with my BP engagement but it's been a great tool & resource over the years. I'm also in the Louisville area - investing, flipping, and working with mostly investors on the license front. I'll take down just about anything outside of the west so I'm sure we could share some insight & perspectives. Let's jump on a call or grab a coffee sometime.

@Alexei Amelenko tourism is certainly booming! Great article from the Courier-Journal on the expectation of surpassing 2023's record year: https://www.courier-journal.com/story/news/local/2024/02/21/...

 @Mickey Scott - Let's chat and see if I can be helpful! I'm an investor, agent, and own/operate a few STRs and a MTR in town. If it doesn't make sense for me to purchase or manage, then I'm sure I can point you to someone in my sphere who can. I'll send you a PM

Hey @Kelly Cynamon - Going back through some recent forum posts and saw your post about getting started in WKY. I'm originally from about 10 minutes from Paducah, now located in Louisville, and very familar with the area. I know some rockstars over that way that might be helpful in building out your "team" if you are set on Paducah. Also curious how you landed on Paducah? 

If you are open to other markets in KY, Louisville is the place to be - check any of the charts/rankings haha. Happy to be a resource here and happy to share my infrastucture to get you rolling. I personally focus on SFH flips, value-rentals, small multis, and short term rentals when they make sense. Cheers!

Hey @Mikeala Weaver, I'm an investor-friendly agent in town and do just about everything on the investing front myself, as well (flipping business, STRs, and have done dozens of BRRRRs).

Happy to see if I can be helpful - shoot me a text or email and we can connect! Contact info on my profile. 

@Felix Sharpe happy to jump on a call and share what I know about the Louisville market. Can also see if I'm a good fit to help operate. I own and manage my own STRs in Louisville. Sending you a PM

@Carlos Quiros Louisville, KY is a great market! Hard to beat the price point, cash flow, property taxes, and appreciation opportunity. I'm active on the LTR, STR, and flipping front & am an investor-friendly agent, as well.

Here are some #s I typically use:

• Insurance: $100-120/month (avg value of $180-250k)
• Maintenance: 8%
• Cap ex: 8%
• Management Fees: 10% (I allocate and self manage) 
• Utilities for SFR: tenant covers electric AND water
• Utilities for 2-4 unit: landlord covers water most of the time, separately metered electric on tenant.

The market is tough right now and it's tough to make turn-key numbers produce a high cashflow. This is why I'm a big advocate of value add (even light reno) to also force some appreciation and/or lower loan/mortgage. 

In Louisville, you can still find $100-200/month cash flow with some forced appreciation with a buy box in the $150-200k range in a strong, growing market. 

Let me know if I can be helpful and/or if you are interested in buying here!

Jake

@Kevin Garcia for smaller portfolios, I'm a big fan of the combination between Stessa (rental manager, accounting, and even rent collection) and Zillow for listing. I have also dabbled with Avail.co and had a positive experience (just didn't love the rent collection side & listing reach).

I have experience in the past on the asset management front (200-1000 units) with Buildium, Propertyware, and Yardi. Buildium was hands down the best user-friendly, customizable and integrable option. Doing demos and calls with those providers was very helpful. Onboarding and transitioning to a new software is never fun but sometimes starting over and building from the top down to fit the business can be refreshing! Best wishes

@Matt Marsh love to hear it! I'm a local investor & agent. Happy to grab coffee or jump on a call some time to share my experiences and see if I can help. 

These are hard to beat! The beauty of referrals and being a radical connector. Cheers