All Forum Posts by: Chuck B.

I like parts of Shawnee (and Chickasaw). Not so much Park Duvall, there may be some great streets there but I don’t know them. I recently toured the EAST side of Hallmark with an out of town investor and really liked what I saw there. 

This is one of my favorite "path of progress" areas. For those not in the know... East (not West) Portland, AKA the "warehouse district", is banging. All of the development around 16th and 17th, Bank Street and Lytle Street and the new expansion of waterfront park against the river there is going to make that area golden in a few years. See the already completed "Pilot House" development on 17th for a look at the future of this neighborhood.

Ditto with the east Russell neighborhood, just south of the warehouse district, 16th to 22nd street and north of Broadway. Far too much money and development happening there to not be one of the next great opportunities in Louisville. 

And while it's quickly becoming pricey, there are still opportunities to be had in Smoketown. That path was Germantown -> Shelby Park -> Smoketown. Paristown to the east and the new Icehouse development on Logan and what's happening on S. Broadway there will cement that transition. So.Many.New.Builds! 

If you just want solid cashflow and ROI without any great thesis about appreciation, look to Shawnee, especially the northwest corner, and Chickasaw.

Just my two cents. Happy hunting!!

I’ll second Borders and Borders!
Any recommendations for tenant/eviction lawyers outside of Rawn? I need a new lawyer for that work. 

No, I don’t believe so. 9% increases are allowed on existing leases for 2023.  Section 8 is not keeping up with market rents at all, way too many years with just 2% increases allowed. 

Louisville is booming! It’s exciting times. 

West louisville is for excellent cash flow. You can still get deals that beat the 1% rule right off the MLS. But the area is quite large and some sections are much better than others, it's not one monolithic place where everything is equal in regards to crime, quality of life, etc. The northwest corner of the city (Shawnee) is my favorite and I have a few places there. But sections of Chickasaw are very nice too. West Russell is very rough but east Russell (22nd street and east from there) actually has appreciation potential in my mind. Feel free to reach out if I can assist.

@Rob Bergeron Just FYI

And the Realtor.com RE forecasts for 2023, job growth, etc. Louisville KY is doing great. 

Louisville, KY - Look at the C areas, you can still find 1% deals, especially in the 75K-150K price range. Just don't expect to buy a $250K house and rent it for $2500 monthly, that's a lot harder to do. 

I read the other day that 49.something% of sales in our city are now to out of state buyers moving in, so I expect we'll be normalizing (pricier, lower returns) even further over the next few years. 

And Louisville KY was #3 in the nation for job growth last year. The excitement here is tangible, here's hoping for a great 2023!

https://link.bizjournals.com/c...