All Forum Posts by: Kevin Hart

Hi @Skye Brown I am an investor and realtor in Louisville. I'm not sure where in KY you are but I'd be happy to chat and see how I can help or at least point you in the right direction. 

 Nick Borders with Borders Home Inspections is good in Louisville

depends how you define a successful BRRRR. Yes, at this point in the market I am not pulling out a large lump sum of money on my refinances, but If I am only leaving a couple thousand dollars in the deal, I think that is still a successful brrrr.

I just closed a refi last week in Louisville on a brrrr deal and I had to leave 2.5k in the deal. There are not many other methods of investing that allow me to now own a fully renovated rental property for only 3k of my own money. 

@Andrew C. yes that's normal any time the title transfers to a different name. But I'm no attorney, call Borders & Borders in Louisville with any more questions. They can walk you through that type of transactions. 

@Robert Willard STR's will be around for a very long time but I think to truly be successful with them you need to pick a niche. Either target vacation destinations and provide an awesome experience for a family or target business travelers like traveling nurses. You also need to keep your cleaning requirements to a minimum. People don't want to clean the whole property at the end of their stay, they want the hotel experience where they can bag up trash, pile up dirty towels, and thats it. Charge a reasonable cleaning fee, make their stay an experience, and you'll have a successful STR.

@Bryan Normal find a hard money lender local to your market, there are plenty. Stay away from national lenders unless you personally know someone who has used them. Local lenders are easier to work with and will help you not buy a bad deal. Also, ask local flippers who they are using. Its pretty easy to find a quality hard money lender. 

@Jenny Perron yea its nuts! I just recently had a CA client sell their single family rental in CA and buy a 6plex here in Louisville with the money

@Pam Wils then that person did a bad job. I can walk you through the process no problem. 

@Pam Wils @Christian Gonzales EXP is actively growing and always recruiting new agents. It has a great mentorship program and TONS of virtual training. Happy to jump on a call anytime 

@Carson Mosser always happy to grab coffee and talk real estate