All Forum Posts by: Account Closed

Bryan,

Are from this area? I am about 1.5 hours away. I will be swinging through the area in about a week I may take a look. Do you know the area?

I am new to real estate investing and have a question.

It seems that whether you are an agent/investor or investor, a big pain for me is coordinating with all the service providers to a transaction (i.e. inspectors, appraisers, attorney, insurance, etc.).  When I enter a new market, I don't always know who to use (except referrals). 

How do you handle all these providers? (communication, booking, researching, paying)?  Is there a system out here?

Shaun

Hi all!

I am a new investor in Western Kentucky, but I attended law school at Northern Kentucky University.  With respect to an attorney, I recommend looking into Michael Sutton.  He has a vast amount of experience in real estate.  Even if you do not believe he is the right choice, he can point you in the right direction.  You can search his name and Kentucky. 

Welcome aboard as we embark on this journey together!

Shaun

All,

I will be in Louisville next Wednesday and Thursday.  Let me know if anyone is available. 

SDR

David,

I, too, am from Kentucky.  I am also interested in purchasing a Florida home and renting it when I am not using it.  Please keep me updated on your research.  I am extremely interested and share your goals. 

Shaun Roberts, Esq.

I read that. However, I want to gauge interest now, as it's been 4 months. From where will you be coming? I guess the first line of business is to determine a city in which to meet. Should I start another thread to attract those with keyword alerts?

I am interested in a west ky meetup. I am moving to Paducah, but any of the mentioned cities will work. Are you still interested?

Clay,

What is the scope of your policies and procedures?   Also, it is good to see a fellow Kentuckian on BP! 

SDR

Welcome to Kentucky! When I reach that market, I'll keep you in mind!

Thank you.  I'd be happy to provide more detail.

1) The properties are located in a decent area.  The current owner is getting older and just wants out.  They were all remodeled a few years ago.  My contractor and I are going on site in a couple of days.

2) The mortgage will comprise of a promissory note with a five-year balloon at 4.75% on only about $151,200 (20K down).  I will put 20K down on the $189,000. 

3) All other expenses are covered by the tenants (lawn, utilities, etc.).