All Forum Posts by: Shawn Spellman

I appreciate the replies from everyone. I'm looking to purchase a single family for my wife and I that can be turned into a rental within a year or so. I've run into several obstacles. I want to purchase a home for 50,000 or less. I'm finding that this seems to be more of a cash buyer's price range but I have found pre-approval for a loan under 50. The next obstacle I've found is getting a realtor to work with me on a purchase at this price. I've even sent a list of possible properties in numerous zip codes. Maybe these realtors are smart to shoot down these addresses. If y'all are familiar with these zips please let me know if I'm just looking in the wrong areas. I know that searching from 2 hours away is complicating matters. Zips 40203 40208 40210 40211 40212 40214 40215 40216 40219 47150 As always, thanks for your time reading this post. Any feedback, even if it is that I'm a knucklehead, is welcome. Shawn Spellman

Hello to the Louisville, KY Bigger Pockets crew! My name is Shawn Spellman. My wife and I are relocating from the Cincinnati/Newport area to Louisville. We currently rent but are planning to buy a SF that we want to turn into our first rental property after a year of residence. We don't know the area but my wife has accepted a position at Baptist East so that location might be a factor. I have many questions as a newbie and would appreciate any advice y'all feel like giving. 1) Does anyone have a good portfolio lender? I'd like to have the ability to finance a property that might be under the 50,000 dollar threshold that I keep seeming to run into with lenders. 2) Does anyone have a good realtor that works extensively with investors and will really understand what my wife and I are trying to accomplish? Looking for a relationship that leads to being able to "rinse and repeat" this process. Not interested in someone trying to fleece the rookie. 3) Any areas or zip codes to avoid no matter what? We want to be safe and for our future tenants to have a safe home but we are not turned off by neighborhoods with a rough exterior. Sorry about the long post. If you made it this far I thank you already. I'm looking for advice and the chance to build relationships. I hope to hear from some of y'all and hopefully be able to return the favor in the future. Thanks so much! Shawn Spellman

Chris, Absolutely! Please keep me posted on your progress and I'll do the same. Contact me anytime if there is anything a beginner like myself can help with. Right now the best asset I have is a truck and the willingness to work. Best of luck! Shawn Spellman

I'm looking to invest in multi-family homes in the Cincinnati/Northern Kentucky area. I own a full size truck and am happy to work with or for someone on nights and weekends to gain knowledge.