All Forum Posts by: Raphael Collazo

As far as commercial goes, we've been seeing a lot of activity in the multi-family and self-storage space. It seems like any time one of those asset classes becomes available, it doesn't stick around for very long. Along with that, there's been a solid amount of industrial activity, particularly near Riverport and the Bluegrass Commerce Park, due to a strong presence of manufacturing companies in Louisville. Definitely a good overall real estate market with solid upside potential.
 

@Rob Bergeron we love having you there. Always adding value to the group. It’s much appreciated!

@Jacob Michal Yes it is! Look forward to seeing you there.

The Louisville Real Estate Investor Meet Up group is for aspiring, beginning and full-time real estate investors interested in networking with other like-minded individuals. During our monthly meetings, we share ideas, learn from one another and host speakers who talk about subjects related to real estate investment.

In this meeting, Jason Hatfield, licensed contractor and owner of Hatfield Properties, will discuss some of the most common renovation items, their costs and will explain what renovations add the most value to a property. After his presentation, we'll open up the floor for a Q&A session. The event begins at 6:30 pm and he'll start his presentation around 7:30 pm. Come join us for a night of networking, learning and enjoyment as we utilize the great space provided to us by The Manhattan Project!

Great article on the current state of the multifamily investing:

https://www.nreionline.com/multifamily/cap-rates-apartment-acquisitions-take-slight-dip-first-half-2019

With ever increasing demand for multifamily properties, cap rates have continued to fall. This has caused many investors to seek out opportunities in secondary and suburban markets. What do you feel are the long-term prospects of multifamily investing? Do you believe that the increased demand for multi-families opens up opportunities in other income producing asset classes  (i.e. storage facilities, retail centers, industrial properties etc.)? Would love to hear your feedback.

@Jacob Michal I don't know if you were able to make it to our last event, but we host a free monthly real estate investor meet up at the Manhattan Project on Frankfort Ave. The event runs from 6:30 - 8:30 pm and we usually have a pretty solid showing of people at all stages of their real estate investing journey. If you're around, you should definitely stop by our next meeting on Wednesday, July 31st. 

All the best,

@Rob Bergeron Great article! 

@Art Perkitny Great question! As with any market, there are areas that will experience greater appreciation than others. As you mentioned, the east end, on average, has experienced greater appreciation than the west end. However, east-end properties in areas such as the Highlands, Crescent Hill, St.Matthews etc. might not cash flow as well as properties in neighboring communities. Areas such as Smoketown, GermanTown and Shelby Park have gone through a revitalization in recent years and many investors have capitalized on opportunities in those sub markets to maximize their cash flow while still experiencing sizable appreciation. In the west end, opportunities in those sub markets offer the potential for higher cash flow and cash on cash return. For example, its not uncommon to see single family homes in some parts of the west end go for under $30,000. However, rents for a 3-bed 1 bath property range anywhere from $550 - $800+ per month. Having said that, vacancy rates in the area tend to be higher and the financial solvency of prospective tenants may not be as strong. It really depends on your overall investment strategy and whether you're after strong cash flow or a combination of appreciation and equity build up.

Great article on the prospects of the Louisville real estate market in 2019 and beyond. It's truly one of the best markets in the country due to its affordable housing, its combination of inflationary factors and its landlord-friendly laws. What are your thoughts on the market and its long-term prospects?

http://www.noradarealestate.com/e-real-estate-m…/…/louisvill

@Eric Sipe great list! I’m a big fan of all these books. I would also recommend that you check out the author John T Reed. Although his books are heavily computational, he’s probably the most thorough real estate investor author that I’ve ever read. I especially liked his book “Aggressive Tax Avoidance For Real Estate Investors”. Easily the most coprehensive book on real estate taxes.