My first long distance buy

4 Replies

Hi guys - just closed on my first rental property yesterday.  It's a 4b/2ba in Louisville, KY.  It's near U of L and rents easily to college students.  $93,500, currently rents for $1200 (to my brother and his friends).  Once family moves out and we do about $5000 of work, it should easily rent for $1600.  My biggest reason for posting this is to give a shout out to Bigger Pockets and @Chuck B.  I live in San Diego, so making the long distance buy was a little anxiety provoking even though I have family in the area. I met Chuck through the website and he was super helpful just out of the goodness of his heart and his interest in this business.  He gave me  a ton of great tips, resources, contacts, and even gave the house a once over on his own free time.  So thanks BP and Chuck!

Awwww...   Thanks for the kind words, it was my pleasure!  I think you've got a great student rental there, very nice bones in the place and a great layout as well.  

Thank you too for lunch yesterday, it was nice to finally meet you face to face.

 - Chuck

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