Anybody Investing in Louisville ky?

Question

I’m 22 years old, looking into buying my first investment property. I started looking at single families, but i’m also looking at duplexes and 4 apartments complex. I’m a little afraid just because i dont know how the market is going to do in the next 6-12 months. Any advice? Thank You.

Erik Hitzelberger · Answer

The Louisville real estate market is strong and there are no reasonable economic indications that this will change in the next few years. Like many other places, the low inventory is driving prices. If you can get solid returns, take advantage of the low interest rates and move forward with confidence

Miguel A Rodriguez · Answer

@James Wilcox thank you!

Chris Thomas · Answer

Certain areas in and around Louisville are currently very inflated but as long as you're looking in to B&C class properties in working class areas I think you'd be okay. There has been a bit of growth in new A class property going up recently (think Upton @ Oxmoor) but those aren't what we are dealing with here. And I am in a similar boat. My town outside of Louisville is for flippers and builders only as you won't make a nickel with rentals esp single family. The only possibility is building multi-family as cheaply as possible....

James Wilcox · Answer

@Miguel A Rodriguez buy on fundamentals and less on what the feelings of what the "market" will do. All real estate is local and as long as you make sound judgments on the quality of the investment and conservative with your numbers, you will be fine. The KY market will be fine over the next 6-12 months.

Anybody Investing in Louisville ky?

Anybody Investing in Louisville ky?

Investor-friendly agents in Louisville, KY

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