All Forum Posts by: Chuck B.

I just can't stomach one color paint jobs... I wish I could.  Even in my Sec 8 properties I do ceiling, walls and trim in different colors/sheens (and occasionally an accent wall if I have some odd leftover paint).  Now granted, they're always the same colors, but it looks so much more like a home.  If I had apartments I might feel differently I guess.  

I can't speak specifically to REOs, but here in Louisville KY residential inventory available is 24% lower than a year ago.  We've got 4.7 months worth of inventory available versus 6.2 or 6.4 (depending on who is doing the math) a year ago.   

Anecdotally, from my own experience, everything is high and just going higher.   Ha!

Best,

 - Chuck

@Tom Shepard I'd be happy to give you an opinion on the area if you want to PM me the address.  

Best,
 - Chuck

@Brett K. one of the Recent BP podcasts was on vacation rentals.  Lots of good tips and I imagine the same advice would apply here.  

Best,

 - C

Yes, you can quit claim a property in your name into your LLC. Be careful though as this will void your title insurance policy. I've heard that you can do something called a warranty deed but I've never done one. To get around this issue I had title insurance name my LLC as an insured party as well.

I'm not a lawyer though, your mileage may vary, yada yada.  :)

@Joseph Pike @Account Closed Ditto with Zilow, which will also show listing and price change history, which is great to have.  

@Neal Bratton What's important to you?   I'd recommend the Highlands, Crescent Hill, St Matthews and points further east.   

PS. You east (and south) enders are killing me with these far off locales.  Ha!   How about a meetup that is more central to the city?  :-) 

@Brett K. - I'm sorry I missed the last one... not sure I was aware of it or just busy but please keep me on the mailing list!

Looking forward to seeing you soon and meeting some new folks. 

Best,
 - C

I twice purchased duplexes in hot neighborhoods because I wanted to live in that neighborhood, not because they were cash cows just rented out on their own.  Both worked out beautifully due to appreciation and I got to live where I wanted (subsidized, but not free) for 15 years.  I live in yet another duplex today that is more modest, but will be a solid rental when I leave it (and I'm not counting on any appreciation).

With that said, I'd make sure you can cover the entire mortgage should things go south for a few months.  If you don't have savings or an emergency fund you can tap you will most likely be hurting at some point.   

Good luck!

 - C