All Forum Posts by: James Wilcox

@Justin Marshall welcome to the BP community! Keep learning and taking action and you will achieve your goal. If you have any questions you can always ask the community here and will likely get an answer. 

There is also a Lexington specific forum arm that needs more posts. lol

https://www.biggerpockets.com/forums/682-lexington-fayette-real-estate-forum

@Jamie DeRossett Why would you say Lexington and Georgetown are the 2 best markets in KY? Are you basing that on cashflow, cash on cash, vacancy rate, ect...

@Melissa Kaiza welcome to the BP community! You have come to the right place for REI knowledge. Small world because I graduated from Berea College as well! Good luck in all your REI ventures.

@Wes Farmer welcome to the BP community! You have definitely come to the right place for REI. Looks like you are already taking advantage of the great resources BP has to offer. Keep taking action and you will do fine.

@Heather Schrecker welcome to the BP community. You have come to the right place to learn about REI. GL with all your future REI ventures.

@Steven Lugo welcome to the community. A local mentor would definitely be helpful. You can find tons of information to help you right on this site as well. There are all the resources you need out there you just have to find them. Most importantly though is just to take action and learn yourself.

@Michael Kennedy welcome to the BP community. Good luck with all your REI.

Welcome to the BP community @Tom Mosher. You have come to the right place to learn everything about REI. Good luck with REI and remember to take action.

@Joanna Banks rent would be based on what the market commands. Rentals in Lexington, KY would be vastly different than rentals in Winchester, KY. Just have to run the numbers to see what works. 

If an investor was dropping 85K cash (down payment and repairs) into a buy and hold property in these areas unless it was a commercial property (4 doors or more), I would think the ROA would not be great. That would be just a lot of money out of pocket that could be invested elsewhere for a better return.

@Walt Waters welcome to the BP community and good luck with all your REI ventures.

I agree with what @Kelly Bankes has stated.

If you are just looking to dip your toe into REI, I would suggest a Duplex. This may fit more of your personal living condition criteria as well. You can live in the one side (like you mentioned) and try land lording the other. If you still wish to pursue REI after your duplex experience than you can sell your duplex (or hang onto it) to an investor or someone looking to live in one side of the unit. Four plex could be argued is wisest financially but I would think a duplex would be a nicer starter. Seems there isn't many four plexes right now for you anyway.

@Andrea Gault Welcome to the community and Kentucky! Good luck with your REI ventures.