Purchasing first investment property

[Ferdinand Yambao]

Hello everyone, I am currently thinking about investing in a property in Louisville Kentucky and would like to know if this is a good starting point?

[James Wilcox]

Quote from @Ferdinand Yambao:

Hello everyone, I am currently thinking about investing in a property in Louisville Kentucky and would like to know if this is a good starting point?

@Ferdinand Yambao as others have said, Louisville is a street-by-street market and not for the faint of heart in certain areas. If you're looking at a $100K house, it's almost certainly a D-class property. If you're comfortable with that tenant base, it could work for you but keep in mind that not all property managers will take on those types of rentals. Personally, I prefer properties with stronger appreciation potential, but if that’s your starting point, you work with what you’ve got. Just know that D-class properties often come with more headaches than they're worth, in my opinion.