All Forum Posts by: Sam Minter

I'm trying to find websites, blogs, or any resources to get current information on the real estate market and interest rates (preferably in the Louisville, KY area). Does anyone know what I could use to analyze the market better and stay up to date on everything going on? Also, I'm a little confused about interest rates, like what is considered good and what is considered bad interest rates to have and where to find current information on that. 

I'm trying to find information on vacancies in Louisville, Kentucky because I'm looking to buy using creative finance. My problem is that I don't know what vacancies look like in the different areas of my city. Is there a website or map I could use to see the trends of vacancies over time in every area of my city?

Thank you! 

I have this property in the west end near Portland im looking to put under contract. Here’s what I have so far: The property used to be a church but is going to be converted into a multifamily home. It has about 4-6 large rooms upstairs and the main church area downstairs. It has 3 bathrooms as well. So far the seller has put a new roof and new stairs in the back of the property but the entire inside needs work. The seller wants $25k for the property but is willing to negotiate. If I do seller finance then he wants at least $12,500 down. 

Should I try to get a discount on the property and wholesale it? According to Zillow and other resources the property is still listed as a church so I couldn’t find any comps for it. The seller says it will need about $35k-$65k In rehab but Im unsure about it.