All Forum Posts by: William A.

Advice that Brandon Turner gives is buy properties at 20 percent below their value.   Unless  an appraisal has been recently performed, how do you know what the true value of the property is? Is this based on comparable?   Are you going to have to give a "low ball" offer to get a 20 percent discount? 

  How do I obtain "non-lien-able debt"?  Where can I learn more about this?

The strategy I am thinking about implementing is to buy rental properties,  and then utilize the cash flow to buy additional properties.    Is there any reason I would want any other loan term rather than a 30 year fixed rate?   I have read real estate investment books that talk about paying down the principle as fast as possible.  This seems counter-productive to me,  as it seems the cash flow would be better utilized as leverage for additional properties.   Am I missing something here?

They volunteered to  pay four months  rent upfront? That sounds like a scam to me.

My goal is simply cash flow.     I am fairly new to this.  I rented my house out several years ago when I relocated to this city.  My tenants were military,  but I am open to Section 8, blue collar, white collar, and students. 

@Michael S. What area do you recommend for single family homes? And what kind of ROI can I expect?

I am interested in getting started in real estate investing in Louisville. I would like to start with a multi-family unit. What part of town can I get the best ROI?

I was looking into creating LLC in Kentucky. From the outset, it seems really inexpensive to set up -

($40.00) and Annual Report filing ($15). But then I got to looking, and found that there is an equity tax (LLET) due each year with a minimum of $175.00. Can somebody that has LLC in Kentucky clarify?