Out of state investor looking at Lexington, KY

Portland, OR · Member since 2017 · 2 posts · 0 votes

I am interested in investing in multi-family in Lexington, KY. I am eager to gather pearls of wisdom. Does anyone know good property managers? Where are places to avoid? What basic facts should newbies be aware of?

Thank you!

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Investor-friendly agents in Lexington, KY

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James WilcoxBusiness Member

Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 603 votes

@William Herzberg Any questions you got?

REI James w/ eXp Realty54 Reviews

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Andrew Kougl
Chula Vista, CA · Member since 2017 · 195 posts · 104 votes
6y
@William Herzberg
Welcome, lots of good info and people on this site can help point you in the right direction. What are your specific goals and why would you like to invest in Lexington particularly?
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William Herzberg
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Portland, OR · Member since 2017 · 2 posts · 0 votes
6y
I am looking to expand outside of my home turf in Oregon. I have done well in Oregon, but the climate is less favorable for investors than in years past. Rents have increased and cap rates have dropped, but there are more regulations, restrictions and expenses in recent years.
I am looking for an area with a growing population, diverse growing economy, and valuations less overheated than those at home.
Lexington, KY meets these requirements and is within reasonable air travel time. I am also considering nearby locales such as Louisville and Cincinnati. Because I am new to out of state investment, I want to avoid properties that will require large capital improvements. Also the property needs to be large enough to support an onsite manager (but I am flexible on this point).
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James WilcoxBusiness Member
Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 603 votes
6y
@William Herzberg Any questions you got?
REI James w/ eXp Realty54 Reviews
Website View Page
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Raphael Collazo
Real Estate Agent · Louisville, KY · Member since 2016 · 183 posts · 188 votes
6y
Hey @William Herzberg!
I'm a commercial real estate agent in Louisville, KY who specializes in retail and multifamily investment properties.
We have a 42-unit that just came available that I think maybe in line with what you're looking for.
If you're interested, shoot me a DM with your email and I'll send over a Confidentiality Agreement for you to sign.
Once that's complete, I can share the financials with you.
All the best,
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