All Forum Posts by: James Wilcox

Hi Everyone, 

I'm new to REI, and I've been looking into some out-of-state investments, specifically in Indianapolis IN, Lexington KY, Fayetteville NC, and Lubbock TX.

I work full-time in tech and don’t have a background in real estate, but every day I study REI material to familiarize myself with this world. I plan to continue saving/learning until I have about 130K and purchase my first property next summer. 

I'm mostly looking to BRRRR and possibly turnkey properties, and I'm curious how remotely controlled these investments can be. I assume that I will never need to visit these markets in person and conduct all of my business through Online/Phone. Is that an unrealistic expectation, and should I fly in a few times a year?

I'd love to connect with investors and agents in these areas to further my knowledge about these particular markets. 

Hey everybody! My name is Cody, I'm a 21 year old currently located in Lexington Ky. I am looking to buy small multifamily assets to cover all of my expenses and wanted yalls wisdom! I currently have about $3,000 in expenses. What would be your guy's first go to be in order to chop this number down? I do not have the capital myself to get started, however I have knowledge and TIME to provide sweat equity in a couple of deals. So how would you guys suggest I best use this time? 

I appreciate you all, thank you!

Most of the platforms you’re considering are investor-friendly and designed to simplify the leasing process. Stessa, for example, is excellent for tracking income and expenses, but it doesn’t offer tenant screening or lease creation—so while it’s great for financial management, it’s not a complete management tool. TenantCloud stands out as a well-rounded platform for landlords who want to self-manage. It includes listing services, rent collection, lease creation, and even credit and background checks. Avail is similarly robust, offering legally compliant leases that are attorney-reviewed, as well as options for online payments and maintenance request tracking. BASELANE, while newer and slightly less established, still offers useful features like listings and tenant screening. Overall, TenantCloud and Avail are particularly well-suited for DIY landlords who want streamlined leasing and management tools.

You're right to be cautious about lease language—it's crucial for protecting yourself legally. The good news is that both TenantCloud and Avail offer lease templates that are updated regularly and designed to comply with local laws. TenantCloud’s leases are customizable and generally well-regarded, though it’s wise to review the details to ensure they match your specific property policies. Avail’s leases are crafted by legal experts and also tailored to meet local regulations, which provides an added layer of reassurance. Even with these benefits, a quick review or consultation with a local attorney can go a long way in making sure your lease covers everything you need.

Should You Manage the Property Yourself Using These Platforms?
Since you’re located near the property and have already had success with a marketing service, self-management could be a great fit. Using a platform like TenantCloud or Avail allows you to significantly reduce costs—especially when compared to paying 8–12% of monthly rent to a traditional property manager. You'll retain control over key decisions, from tenant screening to rent pricing and maintenance coordination. These platforms also offer automation tools for rent collection, communication, and maintenance tracking, freeing up your time while still keeping you involved. Being able to handle lease signing and tenant screening all in one place adds further convenience and efficiency.

Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice. No attorney-client, fiduciary, or professional relationship is established through this communication.

I want to try wholesaling too bc from what I'm reading, wholesalers try to make 5k-10k on each flip. Whereas as a realtor I'm making a small commission. 5-10k is way more to make on distressed properties than commission. I just want to branch out to have more side hustles than just commission. I'm trying to gain financial freedom sooner than later. 

I have spoken to my broker, he is okay with it, but he has never done it so he can't teach me.

I'm a realtor in Southern, KY trying to learn how to wholesale. Can anyone train me? I'd give a very fair cut of profit from each sale until I've learned to go on my own. 

Hi there! I have a friend thinking about dipping into the RE adventure. Wasn't there a book about buying a house a year at the 3% down? Then moving every year and turning it into a rental? I feel like it was either a 10-house/year plan or maybe 15. Can't remember the name of it. Anyone??

Hello! I am new to real estate investing and recently moved to Kentucky with my wife. We have had a lot of life changes recently, including the birth of our first daughter, but currently have very little expenses as we are staying with her parents for the time being and wanted to take advantage of this opportunity to begin to create long term financial moves.

I am interested in long term rentals, single or multifamily homes and I am wondering if anyone here has experience with markets in west Kentucky and what your experience has been. I am particular interested in Murray, Hopkinsville, or Paducah just due to proximity to my current location, but am open to other options. 

I am still on the early stages of planning here, but wanted to start gathering some information on a specific market.

Thanks for any help on this!

 
 

Were they still calling it Harvard of the South when you were there.  LOL

Yes, exceptional value!!