All Forum Posts by: Ryan Camenisch

@Matt Ellis, welcome to the BP community. Lexington is a great place to grow a real estate business and several investors like the surrounding counties even more. Since you grew up here you have an advantage of area knowledge that will lend itself well as you grow your business. My favorite tool on BP is the rental and investment calculators. I use them all the time! Hope to meet you at one of the meet ups!

Is it 50k cash? If so, I would use it as a down payment on a 150k-200k rental property. Depending on your commitment level you could go for a lower end 4plex, or a nicer, newer SFD that could be rented for $1500 or more per month. 

Welcome @Ken Millican! you have come to the right place! Make sure to check out our local REI group on facebook (Bluegrass Real Estate Investors Group) and come to events as well as continue to soak up everything that BP has to offer! This is a fantastic resource and has been paramount in getting me started in real estate! Feel free to reach out if you would like to get together some time and talk Lexington real estate.

Great post! Love the encouraging info and practical wisdom.

Thanks for sharing! 

@Sean Lamanna, welcome to BP! This is by far the best resource for learning and growing into financial freedom through real estate investing that I have found! I would love to grab coffee with you and chat about your goals if you are interested. Even if you already have a realtor that you are working with, I find it is always helpful to meet up with new folks and get plugged into the local REI community. We do have a thriving REI group her in Lexington and I would encourage you to join the group on facebook. Feel free to reach out to me if you'd like to grab a beer or lunch sometime.

Welcome Mike Mabry ! BiggerPockets is the absolute best real estate investment resource and networking site! I hope you find it as valuable as I have. Don't forget to check out the podcast, there is so much value and expertise delivered for free on a weekly basis! Feel free to reach out if you want to talk real estate in person sometime. Hope to see you around town!

Aaron Smith , I agree with what Derek Wilson is saying. You have to know what your plan is. As a mostly "buy and hold" investor, my thought on this deal would actually be to flip it and take the cash you make to buy a higher end rental. My guess is that it will be tougher to find good renters at the $550 price tag. However, if you are connected in the community and know you can get a couple quality tenants, why not rent it out and pull some equity out if you want to free up some cash?

We don't charge for sending listing alerts! Feel free to send me an email of your buying criteria and I will get you set up! Message me for my email addres

Mathew Noell welcome! This is a great place to bounce back or just get started down the road to success! Glad you found it! Make sure you check out the podcasts! They are phenomenal!

Welcome @Ryan White! Glad to see another Lexingtonian interested in real estate investing! BP has been a huge resource for me in working towards both my professional and personal real estate goals. I did my first flip without BP and learned a ton, but have been immensely encouraged and inspired by the education and value brought by both the website and the podcast. Feel free to reach out if you want to talk about investment strategies and the real estate market here in Lexington Ky!