All Forum Posts by: Wes Singleton

I'm in the same boat as you are, looking for buy/hold properties in louisville.  I just put my first offer on a house today.  Have you decided what type of properties you are going after?

Have you decided what type of real estate investing you are interested in?  Sounds like you enjoy flipping.

I agree it seems like a smart play.  Profit over pride!  How many days do you give them to get out in that scenario?

If you don't mind me asking, how much cash did it take for him to leave peacefully?

This is horrible news.  Anybody here with properties in portland/ west end ever have to deal with dangerous situations?

Thank you all, this has helped me find some better options.  

I'm new to investing as well, but I think in Louisville you can find several properties at the 1% rule mark in decent areas. For me, cash flow is my main goal, so I would need more than 1%. Will you be able to find houses at the 1% mark in St. Matthews, Highlands, Germantown? I'm finding the answer is no, unless you buy a property at foreclosure or you entice someone to sell through yellow letters and the like. But on the MLS, there is simply no room for investors in those high appreciation areas. My strategy is to go after the "B" neighborhoods, where the margins are better, but hopefully not as high maintenance as the west end. An example would be certain neighborhoods in Valley Station, PRP, Beechmont, etc. If you are open to multifamily, there are several properties in old louisville that meet your 1% rule, but those 100+ year old buildings bring with them other challenges to keep in mind. As I said, I'm new to the game as well, but these are my observations on the louisville market.

I'm new to investing and want to buy a couple properties this year. However, my current lender, although a "conventional" lender, will not allow me to acquire a property in a llc, even if I personally guarantee the note. My question is are there any lenders who will loan to me and my business partner using our credit, but allow the property to be held in an LLC. I would still personally guarantee the loan on my credit. I don't want to acquire the property in my name and then transfer to an LLC because of the due on sale clause.

thank you.  Any idea about how much they charge as a percentage of the property value?  For example, a personal landlord policy is costing me about 1.5% of the home value per year.  The quote that I received on commercial landlord insurance is more than double that, (over 3% property value per year).

Thanks,  I will try to find one in my area.