All Forum Posts by: James Wilcox

Hi all,

My wife and I made a last-minute offer on a rental property in New Albany that is in a flood plain. We have until noon tomorrow to get a quote on flood insurance and withdraw our offer if we wish. Even if the rental has a decent cash flow with additional flood insurance, we're still not sure we want to take on that risk as we are out-of-state investors (planning to move back to KY in the future, but not now) and we don't like that it will potentially bring down the perceived value when we try to sell it in the future.

The seller has never lived there and has not provided any information on if it has flooded before or not. 

Does anyone have any experience with buying and selling in a flood plain? How much cash flow makes it worth it, in your opinion?

Thanks in advance for any advice!

 Hi James,

What's the best way to connect? I'd love to dive into those topics.

 @James Wilcox, thank you. We're not currently looking in that part of KY, but always happy to learn more about it.

My multifamily team is expanding our search into Nashville and Knoxville, and we're looking to meet locals who can give us additional insights on specific neighborhoods and potentially build boots-on-the-ground relationships. No need to be a multifamily expert, but basic familiarity with real estate and things like construction or property management would be helpful. Feel free to reach out and say hi. 

A little about my team. We are three GPs with a combined 13 years' multifamily experience. We met through SubTo and are part of Veena Jetti's Multi Mastermind. Our buy box is 30-150 unit C+ to B assets in markets across Ohio, Kentucky, Indiana, and Tennessee. 

Hey everyone, my name is Chris Burcham. I'm new to the real estate world and I'm looking to land my first deal in 2025. I live in Owensboro, KY and would like to invest locally. My initial goal is to purchase a fix and flip to gain capital for my first long term rental. I'm also interested in spec home construction. I'm an electrician by trade and I'm happy to answer questions or give suggestions for any electrical issues you may have. Thanks for reading and I look forward to connecting with you.

Hi everyone,

My name is Joe. I'm new to real estate investing, and I am eager to learn and jump in quickly. I'm open to different strategies, but at the moment, I am looking for single family homes in Maine, Pennsylvania, Ohio, Kentucky, Tennessee, Virginia, and North Carolina. I live in NY, and I am looking to invest out of state in short term rentals. I work in tech, so any strategies for streamlining or automating the research and investing process is music to my ears. Looking forward to meeting and speaking with everyone.

I have owned a park for a few years and when I bought it there were 5 trailers that did not have a title.  I have located the VIN numbers for each trailer and now I am looking for advice on how to get titles to these trailers.  The previous owner claims they never had the titles to these trailers, so that is not option.  My assumption is that these trailers never had a title. The park is located in the state of Kentucky.  

Any help or advice would be appreciated.  Thank you

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?