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.
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