All Forum Posts by: Matt Howard - Percussion

@Matt Howard - Percussion- thanks ...are you considering moving to KY and making the next multi family  your primary residence  or  will you be planning to buy a new place in LA when you make the  present home a  rental ?  If you havent  already  get started on  figuring out the  steps / costs / permit process for  expnading the  present property .  I would also recommend getting a  hypothetical MF purchase  scnario  pre approval  started  for KY ...the mortgage person will likely  be abeo to  refer an realtor  or  get a  realtor  referal from your wifes family 

Hey Matt- love to see prepared and curious investors asking the right questions. Real estate investment in LA is always a good move so I would keep on keeping on in that market. Investing in an area in which you have personal involvement- your wife's family- is a wise decision, as well.

Finding a realtor that you trust to guide you in the process of finding the right locations is key. Louisville has seen consistent population growth over the years and it's been considered an affordable housing market, attracting first-time homebuyers and investors looking for more affordable options compared to larger metropolitan areas. The affordability factor can contribute to steady demand for housing. 

From what I understand, Buckner and Windy Hills are both safe bets in the greater metropolitan area of the city. 

Hi @Matt Howard - Percussion, welcome to bigger pockets. I think you're in a great position to start investing, you just need to begin by deciding your goals. Are you focused on building your income with more cash flow every month, or is your goal to build wealth through long-term appreciation? After you have your goals mapped out for the next 5-10 years, you should decide on a market with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. If you're looking for cashflow I would suggest looking into cities like Cleveland, Ohio. I invest locally in Columbus and I think we see great appreciation with many more developments and jobs coming to the market. 

Next develop your core 4 and begin investing. The core 4 is David Greene’s long-distance investing strategy and consists of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to invest in any market confidently.

Love it Matt! Following this thread. 

Want to see what you end up doing with this one. 

Do you have resources & connections currently in place to help your addition, financing, etc? 

Are you debating the addition, versus investing elsewhere?

Hey @Matt Howard - Percussion sounds like you've got the right idea and have come to the right place. I'd start by networking with a few different agents, PMs, and other investors out in Louisville to get as much knowledge as you can and narrow down exactly what you're looking for based on your goals. Your family can also likely provide some helpful insight into good/bad areas and could be helpful as boots on the ground if you want another opinion from someone you already know/trust. I don't have experience with KY, but have a few out of state and LA rentals, so happy to provide you with any insight. Feel free to reach out any time!