All Forum Posts by: Jake Steele

Hey Justin,

If you're new to investing I'd recommend you checkout some of the meetup groups. They're a great way to get started.

You can find the LREI meetup group on meetup.com, you can find the Louisville Real Estate Club meetup in the facebook group, and you can also join the KREIA meetings as well.

If you have questions on where to find information about any of these let me know. 

@Spencer Paul congrats on starting your journey. There’s an awesome Real Estate Meetup in Louisville called LREI on meetup.com you should check it out. Our next meeting is tomorrow

Love to see it! Nice job on this one!

@Francisco Alzuru I think a premium membership lets you advertise these kinds of things & help draw people to deals. It’s especially designed for real estate “professionals”. It may be something to look into.

@Natalie Allen I go to the Louisville Real Estate Investor Meetup. It’s the best I’ve found even though it’s in the other side of the river. I’d love an option on our side of the bridge though

@Juan V Lopez the bigger pockets CEO, Scott Trench, does this. He said that he lives in a really nice place that’s affordable to rent but not to own. I think the idea is that you can scale your quality of life without too much impact from rent while buying could be much more difficult.

He can also put the difference towards more investments.

Obviously you’re forfeiting a lot of nice owner occupied benefits, but if you weight the pros and cons then you may find one is better than the other for your needs.

A lot of people in this area like CUB for cash out refi. I’d recommend checking them out. 

@Jeff Byrne I’ve heard of people doing this. It’s become a bit more difficult in Louisville because of the required Certified Use Permits and increasingly strict policies.

There’s also the issue of most leases having a no sublease clause. But if you can get around that then it could be viable.

I’m considering doing some airbnb’ing in one half of a duplex in new Albany to learn more about it.

If I end up doing that I’ll let you see the numbers & the cost vs the LTR on the other side.

There are a few duplexes for sell in New Albany, IN off Charlestown road. I think they are all on market, but the numbers seem to be decent with a couple of them. 

Do these forms cover what I would need for a SFH house hack with month to month tenants? Or are they only for traditional year long leases for entire properties/apartments? I made the mistake of allowing people to move in without leases & I'm trying to correct that.