Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
BPCON2026 Orlando

October 2 - 4 Early Bird tickets are now ON SALE. Purchase your tickets today and save $100!

Get tickets
Followed Discussions Followed Categories Followed People Followed Locations
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 10 years ago on . Most recent reply

User Stats

13
Posts
6
Votes
Michael Richardson
  • Rental Property Investor
  • San Diego, CA
6
Votes |
13
Posts

My first long distance buy

Michael Richardson
  • Rental Property Investor
  • San Diego, CA
Posted

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!

Most Popular Reply

User Stats

279
Posts
248
Votes
Chuck B.
  • Investor
  • Louisville, KY
248
Votes |
279
Posts
Chuck B.
  • Investor
  • Louisville, KY
Replied

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.

Best,
 - Chuck

  • Chuck B.
  • Loading replies...