All Forum Posts by: James Wilcox

Hello! I am a current professional soccer player for Lexington SC and looking to dive into the real estate investing world. After reading Brandon Turner book "Investing in Real Estate With No (and low) Money Down", I am very intrigued into learning as much as I can from people who have hands on experience.  If there is anyone out there in this area that I could shadow and learn from I would greatly appreciate it!

Hi everyone!

My lender is about to prequalify me for $200-300k, and I target Texas, being living and working in California, LA, so an out-of-state investment. I have a suitable lender that can qualify me in any city or state. It seems that rent/value is favorable and easily meets the 1% rule. He also said insurance and taxes can be too high eating DSCR loan with current rate and I will make less money than Ohio and Kentucky state (example). This statement made me question my focus market. What have been your experiences so far, and any hidden costs that you did not expect managing investment properties?

1. Does SFH or Duplex value add strategy still work, and how is the inventory? My agent said it's a buyers' market. Is that true?

2. Are there any B and C class safe neighborhoods to recommend?

3. Any interesting facts about San Antonio? What are the pros and Cons of this market?

I think you can find a good deal and win in every market. But does San Antonio have real long-term growth potential? 

looking for a new accountant for taxes in Lexington KY. we have a W2 and a few rental properties. Been going to the same accountant for years. she recently sold her practice and so were looking for some one new.  what do i need to do to transfer all the historical data like the deferred items and depreciation schedules etc?

What attorneys do you guys recommend in Kentucky for wholesalers?

Thanks!

1. Is this worth to invest to STR in Red River gorge. It is beautiful out there but are people able to cash flow their existing STR. or how much is subsidized by STR? any guidance will be helpful

2. I am planning to buy a land and build a cabin - any reputable builder someone can recommend. extra points, if you have used them and can share a bit more details

Not that exact scam, but something similar. Two months ago a guy showed up at my office with a truck full of family and a large trailer full of belongings. He moved from Kentucky to Wyoming, pulled up in front of the house he rented online, and learned it was already occupied by one of my renters. My renter pointed him to my office. I didn't have any other properties available to move his family into, and he didn't have any money because he spent $4,000 on this fake rental. He went back to Kentucky.

The interesting part was when he showed me the pictures from online. Every picture we use is watermarked with our company name and phone number. The "landlord" on the other end of the line told him we originally listed it, but he fired us and decided to look for his own renter. The applicant never bothered to call us and verify.

It is sad to see scammers take advantage of people and steal like this. Our government pours so much money into new laws aimed at landlords, but they don't do anything to go after the real thieves.

Hello everyone, 

I'm excited to be apart of this community and to learn about real estate investing. I am investigating opportunities in Louisville, KY. I hope to learn more about successfully buying and renting single family homes as well as section 8. 

Thanks, 

Ryan

we are preparing a map of the zip codes, similar to the one in Memphis, TN (murder capital of the US) to allow us to concentrate in areas that are conducive to invest. Property taxes are good, when comparing to California, (we are from San Diego)