All Forum Posts by: Joe Marcum

Welcome to RE investing! The Lexington REIA is named Lexington Wealth Builders. They usually meet on the first Wednesday of the month at Awesome INC! on Main St in downtown Lexington. Here's some links for them, I highly suggest checking them out!

-Joe

Welcome to RE investing! As @Jim Wilcox mentioned, the Lexington REIA is named Lexington Wealth Builders and I they usually meet on the first Wednesday of the month at Awesome INC! on Main St in downtown Lexington. Here's some links for them, I highly suggest checking them out!

http://www.lexingtonwealthbuilders.com/

https://www.facebook.com/LexingtonWealthBuilders

-Joe

Welcome to RE investing! The Lexington REIA is named Lexington Wealth Builders and I think they usually meet on the first Wednesday of the month at Awesome INC! on Main St in downtown Lexington. Here's some links for them, I highly suggest checking them out!

http://www.lexingtonwealthbuilders.com/

https://www.facebook.com/LexingtonWealthBuilders

-Joe

Jim:

Welcome aboard! The Lexington Wealth Builders is the local REIA in Lexington, KY.

I suggest checking them out, as it has been very informative for me personally. Here is the group Facebook page.

https://www.facebook.com/LexingtonWealthBuilders

They meet at Awesome INC, 348 E. Main St Lexington, KY on the first Wednesday of the month.

No fooling, the next meeting is April 1 at 7:00 :)

-Joe

Welcome aboard! The Lexington Wealth Builders is the local REIA in Lexington, KY.

I suggest checking them out, as it has been very informative for me personally. Here is the group Facebook page.

https://www.facebook.com/LexingtonWealthBuilders

They meet at Awesome INC, 348 E. Main St on the first Wednesday of the month.

The next meeting is April 1.

-Joe

I'm an investor local to Lexington, and there are multifamily deals to be had here, but there aren't a lot of mid-large size apartment complexes; 4plexes are common, larger than that seem to be rare or expensive.  The UK campus area is HEAVILY saturated with investors and it's very hard to find a deal there.

Welcome aboard! The Lexington Wealth Builders is the local REIA in Lexington, KY. They have a meetup group and a Facebook group.

The next meeting is this Wednesday @ 7:00.  I'll be there providing we don't get snowed in again...

I suggest checking them out, as it has been very informative for me personally. Here are the group links.

http://www.meetup.com/LexingtonWealthBuilders/

https://www.facebook.com/LexingtonWealthBuilders

-Joe

Welcome aboard! The Lexington Wealth Builders is the local REIA in Lexington, KY. They have a meetup group and a Facebook group.

I suggest checking them out, as it has been very informative for me personally. Here are the group links.

http://www.meetup.com/LexingtonWealthBuilders/

https://www.facebook.com/LexingtonWealthBuilders

-Joe

Just a heads up  - the Wealth Builders meetup was actually last night at Awesome Inc. They have a meetup group and a Facebook group.  

I suggest checking them out, as it has been very informative for me personally.  Here are the group links - 

http://www.meetup.com/LexingtonWealthBuilders/

https://www.facebook.com/LexingtonWealthBuilders

-Joe

In my experience, the tenants complain either way when it comes to gas vs. electric. 

The biggest complaint about gas may center around the crazy deposits they can charge here in KY, as there is basically a monopoly on gas.  It's not unheard of for a tenant with bad credit to have to pay a $500-$600+ gas deposit, which they are NOT happy about.  On top of that, they will see a $400+ gas bill a few times a year. The gas company also keeps very good track of non-payers :)  

The people that complain about electric are griping about the seemingly constant increases we are seeing in KY in per Kwh charegs, and if they have a heat pump, the crazy high electric bill that comes with it running on EMER heat when the weather is really cold. See last year's polar vortex complaints with lots people VERY unhappy about heat pumps :)  We had some tenants with electric bills over $700.

It's also been my experience when a tenant sees an ad for an all electric home, they expect it to be central HVAC, not baseboard\window units.  We had one unit with BBH and window units, and the first time we showed it, a few people mentioned it. We have since put in central HVAC.

Just my 2 cents...