Property Manager · Louisville, KY · Member since 2013 · 309 posts · 115 votes
12y
In Louisville you could do a flip or a buy and hold. In just about every town there are investor friendly banks that will do asset based lending. They still pull credit etc. but they don't follow FNMA underwriting. There are places here where you can be all-in for $40k and have a place ready to rent for around $800/mo. It's tougher to flip a property in these areas but they would sell for $60's to $70k fixed-up. I'd do the flip and try to build up more cash.