Newbie Gal relocating to Louisville KY from Co
Hi Everyone! my name is Gal and I currently live in beautiful Denver, CO. Unfortunately, we missed the boat buying a house 5 years ago when we arrived from NYC and now that the market is crazy and prices has sky rocketed, we are thinking on relocating to a new exciting place. During the process of looking for a house I came across one the Biggerpocket YouTube videos and absolute loved the idea.Instead of taking our saving and putting it towards a mediocre house that would appreciate in short amount of time, why not have the 4 walls work for me instead the other way around? working so many hours at a software company and not spending enough time with my delicious two girls lead to realize I have to generate passive income if I want to control my time. We are considering to relocate to Louisville KY, where my sister in law lives ( yay! free babysitter! ). We were thinking of buying a multi family units. I apologize the post is a bit general and might be premature, but since I am new and eager to learn, I thought I will share this post with you and hear from the community your thoughts on if it is profitable to invest there since the house appreciation rate is fairly low. Thanks a lot in advance and have a lovely week!
Most Popular Reply
Hello! @Gal Kochavi-Jones
Welcome to BP, and congratulations on making the decision to invest in your future via real estate.
I have written a few blog posts that may help you get started here on BP, and with your investing. Please click on the links, give them a read, and share your thoughts in the comments.
First is a post that I feel will help not get overwhelmed with the amount of info that is here on BP:
https://www.biggerpockets.com/blogs/5868/52761-the-simple-guide-to-getting-started-on-bp
The second is a post that will help get you focused with your real estate investing goals:
https://www.biggerpockets.com/blogs/5868/52743-im-new-to-bp-any-advice-would-be-appriciated
The last one is a post that will help you choose an “investor friendly” real estate agent. There are many agents out there, but it’s important to choose the right one.
I love answering questions if you have any! Good Luck :)