I closed on an 8 unit in Frankfort, KY in January, a duplex in Lexington in August, and a 16 unit in Lexington in September. I own properties in Paris and Versailles as well.
There is some great value to be had but just like a lot of markets these days it is very competitive.
Nice to meet everyone! Still working on getting my first deal done. I am constantly looking for amazing deals. I’ve been in contact with an agent and a mortgage broker. Getting a little nervous as things start to roll but I’m reading and learning and taking things as they come to me.
Plenty of folks doing deals in Kentucky! Lexington & Louisville are hot spots, the surrounding towns for those areas are getting very competitive as well. Best of luck to you!
@Tim Morris none yet but it is a good market. Newbie here this eviction moratorium has me cautious and not actively pursuing and stacking more capital.
I closed on an 8 unit in Frankfort, KY in January, a duplex in Lexington in August, and a 16 unit in Lexington in September. I own properties in Paris and Versailles as well.
There is some great value to be had but just like a lot of markets these days it is very competitive.
@Tim Morris I own a portfolio of rentals in Lexington and surrounding counties. Great markets for long term appreciation but hard to find cash flow positive deals in this market.