All Forum Posts by: Brad Noe

Investment Info:

Single-family residence buy & hold investment in Jeffersonville.

Purchase price: $45,000
Cash invested: $15,000

Contributors:
Katie Noe

First investment property was a Foreclosure that had been vacant for 2.5 years and was in bad shape. We were able to get it fixed up and used the BRRRRR Strategy to get our investment back out and rolled that on to the next property.

Just wanted to throw in my endorsement as well for KREIA. For a mid-size market like Louisville, the amount of experienced, knowledgeable, and openly HELPFUL investors within this organization is astounding. KREIA (and BP, of course) has been enormously beneficial to me and my real estate business and I would encourage anyone in our market to join this organization and get involved ASAP. 

Welcome to the Commonwealth Homes Group Quarterly Investor Luncheon! We are thrilled about our lineup this month. We will be discussing best practices for flipping houses. Once again we will be providing lunches, networking, and education for you FREE of charge. 

@Robert Bergeron and @Katie Noe of Commonwealth Homes Group (Keller Williams Louisville) have been serving their investor clients for years. They are here to help! They can run comps and give you their informed opionions on your flips and purchases. 

Frank Miller of Believe Investment Group will be illuminating us on his experiences and wisdom. Frank has flipped over 500 houses! Attorney Harry Borders will be giving some great advice on real estate law. SurePoint Equity will talk about funding deals. 

Our last event was sold out and we expect this one will too! Limited seating is available so RSVP right away: https://www.eventbrite.com/e/quarterly-investor-luncheon-by-commonwealth-homes-group-keller-williams-louisville-tickets-44919893611

Hey @Shantalice Phillips!! 

Good news is, you're already on the right track here at Bigger Pockets. Tons of amazingly useful information you can take action on to get started. For me, getting involved in the Kentucky Real Estate Investors Association has been very valuable for education and networking, and has opened up tons of doors. Check out KREIA.com

It sounds like you have a very reasonable "walk before you run" approach to this, which is smart. As a wholesaler myself, I would recommend starting out by Driving For Dollars to find your first deal. It is the cheapest route to go and once you wholesale your first deal, you can roll those funds into a marketing campaign like bandit signs or direct mail. 

As far as rentals go, I did very well in my first year with limited funds for down payment by using the BRRRR strategy.

Finally, I'd recommend you shoot a message to @Robert Bergeron - he is a well connected, investor-friendly Realtor here in Louisville. He sends out the best MLS deals every week to his clients, so ask him to add you to that list for sure!

Good luck! 

Hey Thomas, Louisville is a great city to live and invest in. I’m a wholesaler/investor here and in southern Indiana. Great cash flow potential. My rentals average 1.6% ratio. 2% is certainly attainable. I also do some flips from time to time. If you have any questions about the area feel free to DM or email me directly. Cheers,

@Jason James did you cut your hair man?? I didn't even recognize you by your profile pic, ha! Hope all is well

Love working with River City Bank. Park Community has a slightly better rate but are a little bit stricter on their operations when doing a construction loan,whereas RC is very lax and easy to deal with. PM for more info if you’d like!!

Welcome to BP Amanda! You are in a great position right now with your equity position, I am jealous! Best of luck to you.

Hey Bo, it's really not necessary or worthwhile to get your RE license in my opinion. Especially if you plan on investing in different states. @Robert Bergeron is an investor friendly Realtor here in Louisville. His team helps me out with investment property in Kentucky and Indiana. A good Realtor that understands REI principals and knows where the bones are buried as far as where to find good deals and cash buyers in a local market is well worth their weight in gold.

@Account Closed is an investor-friendly Realtor in Louisville with a pulse on the market. He and my wife Katie are on a team and their company is a "Gold-Level Sponsor" at the local REIA. They can help you out.