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All Forum Posts by: James Wilcox

James Wilcox has started 111 posts and replied 1270 times.

Post: Sara Rose * Introduction * Investment Real Estate

James Wilcox
Agent
Posted
  • Rental Property Investor
  • Bowling Green KY ~ Lexington, KY
  • Posts 1,319
  • Votes 565
Quote from @Sara Rose:

Hi BP friends, Sara Rose here! I'm a long-time, local licensed real estate agent in Franklin, TN - Transitioning from residential to focus on wholesale real estate investing, where I source properties for the Greater Nashville area and connect them with qualified investors looking to fix-and-flip and/or buy-and-hold. Real estate investing should be exciting, not overwhelming, so I seek to serve! I aim to streamline efficiencies by aligning our offerings with your buy box.

I want to connect with investors looking for their next property, agents who have clients looking for investment properties, contractors looking for business projects or personal flips, and everything in between! Yes...we get lipstick deals occasionally! ;) I'm now actively building a network of motivated sellers and investor buyers to facilitate quick and efficient wholesale transactions.

* As far north up to the Kentucky line

* As far east as Lebanon and Murfreesboro

* As far south as Mount Pleasant, Lewisburg, and Shelbyville

* As far west as Dickson and Burns

@Scott Trench Thanks for the intro post with guidance, I appreciate you!

I look forward to connecting!

    If you make it up to the KY way I would maybe have clients that are interested. That just depends on what it is of course.

    Post: Newbie & long distance

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Radhika S.:
    Quote from @James Wilcox:
    Quote from @Radhika S.:

    :) 

    Yeah, I started off around Reno,NV & Tempe, AZ, but I think the median prices look way higher, so I am beginning to look and research around the areas of Fort Smith, AK,  Cleveland, TN and Ownsboroo, KY

    Ok kind of curious how Owensboro made your list. Out of the areas in KY that is not one I would have thought would be on most out of state investors radars.


    I am still in the initial stages of my research, but Owensboro made into the list while choosing candidates based on cities with diverse economy with significant industries for an LTR. However, I also understand that lower housing cost may saturate the rental market. 

    While trying to understand your thoughts on this, why did you think out of state investors would not consider it?

    @Radhika S. Out-of-state investors typically focus on larger cities like Louisville or Lexington, which dominate about 75% of discussions I have with OOS investors unless it's an STR market. Owensboro, the state's 4th largest city, has a population under 100K, and many OOS investors prefer cities with at least 300K residents and strong job growth. While Owensboro has its advantages, it doesn't usually stand out for most investors from a price to rent/ratio standpoint.

    Post: Newbie & long distance

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Radhika S.:

    :) 

    Yeah, I started off around Reno,NV & Tempe, AZ, but I think the median prices look way higher, so I am beginning to look and research around the areas of Fort Smith, AK,  Cleveland, TN and Ownsboroo, KY

    Ok kind of curious how Owensboro made your list. Out of the areas in KY that is not one I would have thought would be on most out of state investors radars.

    Post: Moving From California to Kentucky

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Miguel Suarez:

    Hello,
    I am moving from California to Kentucky for work possibly before March. I was wondering if anyone knows which areas/cities are best to buy a house. I am thinking a 2-3 bedrooms and minimum 2 bathrooms. My work is located in Louisville, Kentucky but I don't mind driving 20-30 or a little more. Budget wise I would like to stay below $220,000 for the house. 

    Any expertise/advice from anyone would be great! :) 

    -Miguel Suarez

    If you're moving for work, it makes the most sense to live as close to your workplace as possible. Vehicle expenses are one of the major costs to consider, so living nearby helps reduce those expenses and saves you time. This likely means living in Louisville proper, depending on the job's location. A commute of 20-30 minutes with traffic might not get you very far, depending on your work schedule and destination. If you're considering areas outside Louisville, the smaller suburbs like Simpsonville, Mt. Washington, or Shepherdsville would be about as far out as you could reasonably go if you are lucky. Keep in mind, traffic in Louisville can be quite heavy.

    Post: Buying a STR in Red River Gorge

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Matt Stull:

    Hello, 


    I am fairly new to this idea and have wanted to invest in a STR. I travel to the RRG often for outdoor activities I enjoy. I am interested in purchasing a cabin that I can use but also rent out. I would love for it to cash flow. The cabin I am currently looking at is a two bedroom (one room is a loft) with one bath. It is located in a recreational community so other cabins are around it. The cabin was built in 2021. The mortgage would prob fall around 1600-2000 range. I have researched the Airbnb avenue in terms of what's required, etc. The cabin sits within a 15-20 minute drive of most popular activities that RRG has to offer. My question is what is the market like down there for successful rentals? Cash flow possibilities? Thanks!

    Hey @Matt Stull I am kind of the KY go to REI guy on BP (see bio). Ask me any questions you may have about The Red. Overall though to answer your question, there is some supply glut in the RRG area so those older properties with less amenities are struggling some. The newer and amenity provided properties are still holding their own but activity is down compared to COVID area. Think more 2019 numbers. The RRG area is still a great STR market just be smart with any purchase and look for the value add. Good location is a big factor. Factor in all expenses.

    Post: Looking to become more educated in real estate investing

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Austin Crawford:

    @James Wilcox I'm in Hopkinsville, KY. Southwestern KY about a hour away from Nashville. Are you located in KY?

    Bowling Green. Used to live in Lexington.

    Post: Airbnb cash flowing single family home

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Zach Edelman:

    Nice deal. How's the cashflow going so far? Lexington, KY certainly an underrated STR market.

    @Zach Edelman Lexington has a decent amount of STR regulations now with more on the way. Not impossible but it would be pretty tough to get an STR property approved unless you are an owner occupant.

    Post: Community members thrilled for Norton West Louisville Hospital's opening

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Linnette Greer:

    Hello James. I believe my price is fair with the comps in the area. Yes, I’m using TheGuarantors platform for long term and Waivo for midterm and short term tenants instead of a traditional deposit. 

    Ok. The MTR industry has bit of a pull back but if you are priced well and your tenants are not putting much out for a SD than maybe look at the property features then. Can your property look better or be more inviting. Think more like an STR property with great photos and amenities. If not that than it might just be a demand issue. I would find that surprising for L-ville though. Some STR hosts have switched to MTR though with the laws so maybe you just have a supply problem there.

    Post: Looking to become more educated in real estate investing

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Austin Crawford:

    I've been listening to the bigger pockets podcast for a while now, and want to be a passive investor. I'm 23 with a decent paying job that I've worked at since graduating college. The more I learn about investing in real estate, the more I become overwhelmed by the amount of options there are. I'm looking to begin investing around summer 2025, and want to be as educated as I can be before pulling the trigger. I live in a small town in KY, real estate is more affordable here than in larger cities, so I'm thinking that I should start out investing locally. I'm looking for a cash flowing asset, and need to become more educated in how to analyze a deal and be able to conservatively find deals that cashflow. Any good books for analyzing deals, finding cash flow, or just a good beginners guide to real estate?

    @Austin Crawford happy to answer any questions you might have even about KY specifically. You are on the right track though and all here have even some great recommendations. @Nathan Gesner is super spot on as always. :) What small town are you in?

    Post: Community members thrilled for Norton West Louisville Hospital's opening

    James Wilcox
    Agent
    Posted
    • Rental Property Investor
    • Bowling Green KY ~ Lexington, KY
    • Posts 1,319
    • Votes 565
    Quote from @Linnette Greer:

    Hello Rob! 
    Yes it’s lots of things going on in Louisville Kentucky! The new hospital is one reason I decided to do midterm renting. Although, I’m having a had time getting a traveling professional in my property. I have it currently on Furnished Finders, Turbo tenant, and ale Solutions. 

    Are you priced fairly and have a low security deposit? Consider the security deposit waiver program.