All Forum Posts by: James Wilcox

1. Is this worth to invest to STR in Red River gorge. It is beautiful out there but are people able to cash flow their existing STR. or how much is subsidized by STR? any guidance will be helpful

2. I am planning to buy a land and build a cabin - any reputable builder someone can recommend. extra points, if you have used them and can share a bit more details

Not that exact scam, but something similar. Two months ago a guy showed up at my office with a truck full of family and a large trailer full of belongings. He moved from Kentucky to Wyoming, pulled up in front of the house he rented online, and learned it was already occupied by one of my renters. My renter pointed him to my office. I didn't have any other properties available to move his family into, and he didn't have any money because he spent $4,000 on this fake rental. He went back to Kentucky.

The interesting part was when he showed me the pictures from online. Every picture we use is watermarked with our company name and phone number. The "landlord" on the other end of the line told him we originally listed it, but he fired us and decided to look for his own renter. The applicant never bothered to call us and verify.

It is sad to see scammers take advantage of people and steal like this. Our government pours so much money into new laws aimed at landlords, but they don't do anything to go after the real thieves.

Hello everyone, 

I'm excited to be apart of this community and to learn about real estate investing. I am investigating opportunities in Louisville, KY. I hope to learn more about successfully buying and renting single family homes as well as section 8. 

Thanks, 

Ryan

we are preparing a map of the zip codes, similar to the one in Memphis, TN (murder capital of the US) to allow us to concentrate in areas that are conducive to invest. Property taxes are good, when comparing to California, (we are from San Diego)

thanks James, in analyzing regional data, Louisville continues to show a strong local economy, with a decent trend in the growing rental market, lower median home prices and values, good reasons to make it appealing to us since we are looking to expand our portfolios, providing more affordability to enter into this market ... besides, good friends live in this city ... our visit will make it a business expense :)

Based on your experience, in general, what is the rational or the steps in getting into a new market. Looking to break into the Louisville, KY area. Blessings !!!

Hi all. Looking for recommendations for a land agent and title company in/near Frenchburg, KY. Thanks in advanced! 

 I was in a KREIA board meeting and a member of the government came in to speak about it. I literally gave him my card after and said "call me when you need to sub this out. This is going to get backed up as ****!" 

Our folks do that method too. I called the code enforcement folks to volunteer, they responded favorably and I like that. Even gave me a big discount.

Mandatory inspections are not uncommon. I'm not anywhere near KY but one of the three counties I invest in requires inspections. My ads include "all properties are inspected and approved by blah blah". It is OK. Lemons and lemonade.