All Forum Posts by: Jason James

@Lauren Kendall Welcome... As a fellow IT person I agree real estate is much more exciting. Good luck and if I can help with anything feel free to reach out. Thanks 

@PJ Kolnik Did you ever get any further info on this topic? I am looking at a couple of areas in KY and IN but not finding much on the O-Fund.  

@Joanna Dennis Yes River City is a good bank. Another I like is King Southern Bank. Ask For Heath Majors he's great. I am working with another bank right now on a large deal so we will see how they work out. If things go well i will give you their info. 

One thing to remember is most banks don't like war zones or even borderline war zones. They want good assets in good areas. They have to protect their investment as well so keep that in mind. The cheaper properties are great for cash flow but may not help you with the BRRR method. Flip side is they are cheap enough that you don't really need the BRRR method. Just depends on where you want to invest, type of property and so on.

@Joanna Dennis @Sarah Waskey 

It can be done for sure. I have done it many times right here in Louisville Ky. @Jason D. is correct you must know your market and buy right, control the rehab cost and be all in for the correct number. I will also say having a good relationship with banks helps. Today's market is a little tough as prices are up but you can still find deals. Network, network and network more. The days of "great" deals on the MLS are gone. It really comes down to how much you market and network. In short BRRR can be done here.

Hope that helps.   

@Brad Noe Na... That's an old profile pic. My hair is as long as ever.... LOL 

All is great! Staying Busy. I see you guys are as well. Congrats on the new deal! Let me know if I can help in any way. Market is tight here and deals are going fast! 

I have a property I might want to off in a few days I will get you the info. 

Now back to the question in the thread..... LOL

@Steve Armstrong US Bank and King Southern Bank have been great to work with as well. 

@Steve Armstrong I second River City Bank. Very easy to work with.

@Fredie Robinson I would be interested in speaking with your contact at Republic Bank if you do not mind sharing. 

@Jay Ingram Its a good place to get a deal once in a while. I will say that to me most folks overpay there. Also I feel that the banks usually buy them back, In other words for me its usually a waste of time as there are a ton of regulars and a lot of competition. Good place to network and meet other investors, attorneys and such. I would go if you haven't been just to see and learn... Who knows you "might" get a deal. 

@Jim Norton Shepherdsville isn't bad at all. Actually they have made some improvements with the development of the Lowes store more and more things have come in. Large warehouses as well. I would imagine rental demand is good there. I am looking for apartments anywhere 2 hours around Louisville. Tough market. Hope this deal goes well for you. 

@Michael Jones I am in. Sent you a message as well. Once we get things dialed in I may have a couple folks that would attend. 

@Zachary Peacock Your money will die a slow death there. I'd stay away... 

There are many other areas in Louisville that have much better returns and appreciation. My 2 cents...