All Forum Posts by: Raphael Collazo

With the Fed’s announcement of “quantitative easing” measures, many people believe we’re about to experience the 2008 recession all over again. However, this is not likely the case. These policies have been enacted to cushion the impact felt by businesses around the country due to the coronavirus outbreak. The hope is that once the outbreak is contained, consumers will resume spending at pre-outbreak levels. 

However, this is not a foregone conclusion. Prior to the outbreak, consumers were already on edge about a possible recession. Based on the events of the last few months and the volatility of the stock market, this belief may become a self-fulfilling prophecy. Along with that, reducing rates to almost zero may weaken the impact of future monetary stimulus when the economy actually goes through a period recession.

What do you all think? 

This video does a great job of explaining what QE is and how it helps spur the economy in times of turmoil.

https://youtu.be/llslyXPu6wI

Amid all the chaos caused by the coronavirus, Tesla just announced that it's looking to open a new factory to produce its cybertrucks.

According to Elon himself, it will be located in the "Central US".

Elon annoucment: https://www.stuff.co.nz/motoring/120243377/tesla-scouting-central-usa-for-new-cybertruck-factory

Does Louisville, KY stand a chance to land this mega-factory?

I would love to hear your thoughts on the matter:

Louisville Business First Article

All the best,

@Kris Bennett I agree. He's a great guy, a savvy investor, and a stellar agent. 

We're looking forward to hearing his insights!

All the best,

The Louisville Real Estate Investor Meet Up group is for aspiring, beginning and full-time real estate investors interested in networking with other like-minded individuals. During our monthly meetings, we share ideas, learn from one another and host speakers who talk about topics related to real estate investment.

In this meeting, Mark Helm, a top Louisville commercial broker and author of "Creating Wealth Through Self Storage", will share his story of how he got started investing in self-storage units and why he thinks they're the best type of real estate to own. After his presentation, we'll open up the floor for a Q&A session.

The event begins at 6:30 pm and the speaker will start around 7:30 pm. Come join us for a night of networking, learning and enjoyment as we utilize the great space provided to us by The Manhattan Project!

Hey @Ismael Candelario!

Welcome to the BP community! I see you grew up in the Phoenix area. I went to high school in Southern AZ (Sierra Vista) and graduated from ASU. I loved my time in Phoenix and I still have many friends there. I've lived in Louisville for just over 2 years and have found the investor community to be extremely vibrant. I agree with @Andrew Postell recommendation of attending local investor meetups. Meeting investors who are actively engaged in the community affords you the best opportunity to learn and grow.

If you're free this month, you should stop by the investor meetup hosted by myself and my friend @Luke Neubauer. The "Louisville Real Estate Investor" meetup group meets the last Wednesday of every month at the Manhattan Project restaurant. As part of the meeting, we network with other like-minded investors and host speakers who talk about topics related to real estate investment. This month, Tyler Chesser, one of Louisville's top commercial brokers and a fellow investor, will share his story of why he got started in real estate and how he maximized his performance through personal development and growth. We usually have a great mix of both newbie and experienced investors in attendance. Here's the link from the "Events and Happenings" page of BiggerPockets:

https://www.biggerpockets.com/forums/521/topics/800304-peak-performance-in-real-estate-w-tyler-chesser

Along with that, one of the nation's most popular investor groups, R.E.I.A (Real Estate Investor Association) has chapters in most major US cities. Our local chapter has over 700 members, many of whom are extremely active in the market and have a wealth of knowledge they're willing to share. They usually meet on the last Thursday of the month at Wood Haven Country Club. Hope this helps.

All the best,

Hey @Larry Richardson!

My friend @Luke Neubauer and I host a real estate investor meetup the last Wednesday of every month at the Manhattan Project restaurant. As part of the meeting, we network with other like-minded investors and host speakers who talk about topics related to real estate investment. This month, Tyler Chesser, one of Louisville's top commercial brokers and a fellow investor, will share his story of why he got started in real estate and how he maximized his performance through personal development and growth. We usually have a great mix of both newbie and experienced investors in attendance. Here's the link from the "Events and Happenings" page of BiggerPockets:

https://www.biggerpockets.com/forums/521/topics/800304-peak-performance-in-real-estate-w-tyler-chesser

Along with that, one of the nation's most popular investor groups, R.E.I.A (Real Estate Investor Association) has chapters in most major US cities. Our local chapter has over 700 members, many of whom are extremely active in the market and have a wealth of knowledge they're willing to share. They usually meet on the last Thursday of the month at Wood Haven Country Club. Hope this helps.

All the best,

Hey @Jonathan Sisco!

Yes, I'm looking forward to the event as well. I sat down with Tyler when I was considering commercial real estate brokering as a profession. The meeting was extremely insightful and I could tell that he was someone of high integrity who really cared about his client's best interests. I'm excited for him to share his story with the group!

All the best,

Hey @Dan Kevin!

Welcome to the BP community! This forum is filled with driven and inspiring people who are always willing to help. As far as investing, I purchased a 4-plex in Old Louisville in November 2018 which I'm currently "house-hacking". It's been a great experience thus far and I plan on using the same strategy to purchase my next property in the coming months. I'm a big-fan of multi-family investing and I'm constantly reading books on how to maximize the value I get out of these investments. Here are a few of my favorites:

1. "Multi-Family Millions: How Anyone Can Reposition Apartments for Big Profits" by David Lindhal
2. "Crushing it in Apartments And Commercial Real Estate: How a Small Investor Can Make It Big" by Brian Murphy
3. "The Book On Rental Property Investing" by Brandon Turner
4. "Best Ever Apartment Syndication Book" by Joe Fairless and Theo Hicks
5. "What Every Real Estate Investor Needs to Know About Cash Flow... And 36 Other Key Financial Measures" by Frank Gallinelli
6. "Aggressive Tax Avoidance for Real Estate Investors: How to Make Sure You Aren't Paying One More Cent in Taxes Than The Law Requires" by John T. Reed

These books will help you get a solid understanding of sound investment principles that you can use to build your multi-family portfolio. Also, have you attended any local real estate investor meet-up groups to establish relationships with local investors? If not, I highly encourage you to do so. One of the most popular groups, R.E.I.A (Real Estate Investor Association) has chapters in most major US cities. Our local chapter has over 700 members, many of whom are extremely active in the market and have a wealth of knowledge they're willing to share. Along with that, check out "meetup.com" to see if there are any other real estate meetups in your area. Hope this helps.

All the best,

Hey @Murphy Frankhouser!

I'm very surprised you're unable to go FHA. If you'd like, I can give the contact information for my mortgage broker. He helped me get FHA financing for the 4-plex I'm house-hacking in Old Louisville. PM me if you're interested.

All the best,

Hey @Bryan Springhetti!

I'm not sure about the property itself but $800 for a one-bedroom and $1,000 for a 2-bed in 40217 seems a little high. I own a house-hack on 2nd and Burnett in 40208 and we're renting a 2-bed 1-bath for $750 per month. 

Granted it's not quite the same area but I'd look for similar rents to justify what you could get for each unit. I would hate for you to buy the property assuming those figures and then you're unable to rent them for an extended period of time. As a frame of reference, here's a rent-o-meter analysis of each unit type:

1-bed = https://www.rentometer.com/analysis/1-bed/2411-s-shelby-st-louisville-kentucky-40217/fmnKYxxNACY
2-bed = https://www.rentometer.com/analysis/2-bed/2411-s-shelby-st-louisville-kentucky-40217/owLPsrSO2Ic

To be safe, I would always assume the median if not slightly below to ensure you're able to rent the units out quickly. Hope this helps.

All the best,