Investing in Real Estate in Louisville Kentucky – Invest in real estate, buy low and sell high, do a full renovation and cash out big. Make $25,000 in a days work, everybody is doing it and so can you. You hear bull shit like this all the time on tv and on the radio.
Some guru trying to sell you his new book or product on How to make millions with real estate in any part of the country.
If you live in Luisville, Ky like I do, and follow real estate closely your hear this nonsense all the time.
I’m here to burst you bubble:) investing in real estate in Louisville Ky or any other city is hard work. It is challenging and stressful and requires knowledge and a little bit of luck.
The goal of every real estate investor is to minimize cost and maximize profits.
So you want to invest in Louisville Kentucky?
Here are 3 things that you should know before investing in Louisville Kentucky.
- Louisville Ky is a the 16th biggest city, with one of the lowest rent rates in the country.
- It is a very diverse city with very diverse neighborhoods. There are a lot neighborhoods with homes worth 600k and right across the street houses worth 75k
- Louisville Ky is a growing city, with huge potential. Upside looks very good.
Investing in Louisville is like investing in any other city, it takes time and patience. Quick easy profits are very rare, just like other forms of investment you won’t make millions over night.
I have been living in Louisville from the age of 11. I have seen the city change and grow, I seen good areas turn into slums and slums get tore down to make way for new construction. The areas I invest in I know like the back of my hand.
You may be wondering why I’m telling you this? I’m not trying to brag or scary you, I’m just sharing my 2 cents. If you are thinking about investing in Louisville Ky or any other city be ready to commit a lot of time and energy to have the investment pay off.
Be ready to handle any situation that may come up or have a team of individuals that will do that for you.
Whats your favorite city or town to invest in? and why? Comment below:)