All Forum Posts by: Chuck B.

@Rob Bergeron - It's exciting news! I've got half an acre of C-zoned land with a single rental sitting on it across from Gil Holland's "Pilot House" building, very close to the waterfront park expansion.   I started accumulating it a handful of years ago in anticipation of better things coming to that area. I'll have to come up with a plan for what to do with it soon.  

While the absolute prices are different from city to city, I think you can find both appreciation plays and cashflow plays in the same city. It requires knowing the neighborhoods though, an eye on upcoming economic development initiatives, etc. I've tried to diversify within Louisville, KY with these two types of areas in mind. I bought in Shawnee initially for cashflow and bought some much pricier places in Shelby Park as I believed in the path of progress/appreciation potential there. So far it's played out the way I anticipated, Shelby Park SFR could be had for 50K-80K a few years ago and these houses are now selling for 200K-250K.

In Louisville today I'd look to the Russell neighborhood, especially the eastern half, for a path of progress bet. I'm sure there are others but that's the one I know the most about.  

It looks like some of the big, institutional groups have finally arrived here as well, long after the Tier 1 cities.  I met one a couple of weeks ago when selling a property for my sister in Russell. I went and did a little research and according to PVA they already own 100 single-family houses (not all in Russell) and they told me they hope to buy many more.  

Here's a QnA page on Louisville Metro and a mapping tool to determine if your property needs a CUP or not:

https://louisvilleky.gov/gover...

Our roads, broadband speeds (and costs) and airports make America look like a 3rd world country. We've neglected and starved our infrastructure for so long it's now embarrassing.  Hopefully it will be spent on issues that have long lasting benefits for the city.  

I feel like Louisville was really firing on all cylinders back in 2018/2019 and showing up more and more often on a national radar. The plague paused all of that, but it looks like we're back on course again. Get it while the getting is good!

I traveled on some European trains when I was in my late 20's and it was a great experience.  Spacious, fast, comfortable...  Ever since, it's struck me as really sad that the best we had in America was Greyhound and very limited, very slow Amtrak routes.

Has anyone taken the MomsHouse.com program?  It's a guru/lead-gen program that purports to train you on becoming a "Personal Relocation Manager" for seniors who need to move into assisted living facilities.  

I'd be curious to hear your impressions of the course if you're willing to share. 

You're smart to be thinking of house hacking.  The cheapest money you'll ever borrow will be for owner occupied housing.  The first three homes I ever purchased and lived in were duplexes.  I still have two of them today and wish I hadn't sold the third one.  :)

@Jordan Moorhead - All wrapped up now?  What did you rent it out for?  What neighborhood is it in?  

@Rob Bergeron - What do you think the SFR inventory would be here today, sans plague? 2,000? 3,000?