Getting Started in Active Rain - 03/30/08 09:09 PM
Welcome to  
As you will soon see, there are virtually endless supplies of information and resources for real estate professionals.  One concept that is predominant in this community is the idea of giving back by writing blogs, adding comments, and inviting other members.  The underlying principle is that by educating and informing both customers and professionals, we make the whole industry better.  So, in an effort to both save you time and to educate, I prepared this article for new AR members to help get you started.
One of the first things that you need to do is setup your profile.  Your … (2 comments)

Louisville Real Estate Investors: Beware the FHA - 03/30/08 04:41 PM
So, you just purchased a Louisville investment home and completed your flip in 4 weeks.  Congratulations! 
Unfortunately, selling your renovated project may not go as smoothly as you think.  Everyone is aware that Freddie Mac and Fannie Mae homes come with a 90-day deed restriction when you purchase the home.  But, there may be a holding period even if you do not have a deed restriction.  There is a little-known (at least in my area) 2003 rule that was implemented to help prevent predatory flipping.  The consequence to investors is that if the buyer gets an FHA loan the closing cannot occur … (3 comments)

Bullitt County Homes ~ Eagles Bluff ~ Luxury Homes ~ Shepherdsville ~40165 - 03/27/08 11:59 PM

Eagles Bluff Estates is a true Estate subdivision.  The 20 or so luxury homes in this Shepherdsville neighborhood are all larger than 2000 sq ft and located on 0.75+ acre lots.  Homes range in price from just under $300,000 to just under $400,000. 
This subdivision is only 1-year old and building lots are still available.  Each house is custom built and unique.  If you are looking for a home in a country setting, but loaded with features and amenities, be sure to look here.    
 
 
 

Schools
Students who attend Bullitt County Public Schools will go to...
Freedom Elementary, … (0 comments)

Bullitt County Homes ~ The Pointe ~ Shepherdsville ~ 40165 - 03/25/08 10:26 PM
The Pointe features a good variety of all-brick homes ranging from $160k-$250K.  Houses range in size from 1500 sq ft to over 3000 sq ft and lots range from 0.25 acres to 0.75 acres.  The oldest properties in the neighborhood are 10 years old and building lots are still available.
With over 200 homes, this is a fairly large subdivision for Shepherdsville.  However, the winding streets and multiple courts give it a small, comfortable feel.
The Pointe has underground utilities and street lights.  While there are no sidewalks, traffic is generally limited to residents and seeing people walk, ride, or play in the streets is … (2 comments)

Things to Do in Bullitt County Kentucky - 03/15/08 10:42 PM
If you are relocating to Bullitt County, you may think that you will have to go into Louisville to find entertainment for your kids or yourselves.  There certainly are many things to do in Louisville, but there are plenty of attractions and activities in Shepherdsville, Mt. Washington, Brooks, and Lebanon Junction.  Bullitt County is steeped in history and rich in culture.  Here are a few places that you should check out.  
Festivals / Annual Events- From Kid's Fest to the annual Bridal Show to the Demolition Derby, Bullitt County offer activities at least once a month.  For more information, click here. Bernheim … (0 comments)

Things to do in Louisville: Kids and Families - 03/12/08 11:11 PM
Whether you are planning on visiting Louisville for a weekend or relocating here for a lifetime, the city offers a great variety of fun-family oriented activities. Here is a quick sampling of places to check out.Chuck E. Cheese - Located on S Hurstbourne just below Taylorsville Rd in J-Town. A great place for birthdays, celebrations or just good family fun.Incredible Dave's offers bowling, giant inflatables, Euro-Bungee, an X-box and Wii lounge and much more. Your kids can get a tamper-proof wristband that communicates with a hand-held device so you know where they are at all times. Daves is situated on Westport Road just … (0 comments)

Advice for Flippers: Calculate Return on Investment BEFORE buying - 03/09/08 09:02 PM
For some reason, when it comes to real estate investment, too many people get caught up paying attention to the final profit number and not to their ROI.  I understand that it sounds good to tell your friends, "I made $25,000 on that house," but wouldn't it be nicer to actually have a consistent rate of return that will generate long-term wealth?
ROI should be calculated for every investment and compared against a standard (S&P 500, mutual fund index, etc) before making proceeding.  If you can't beat the standard, then put your money into it.
For flip houses, the calculation is simple (Selling Price - … (3 comments)

Bullitt County Kentucky Market Conditions: Feb 08 - 03/02/08 10:48 PM
The news for February is not particularly good.  As I mentioned in my post last month, the weather (tornados and ice storms) was not real conducive to home buying and selling.  This combined with the current market conditions to yield:
New Listings: 138 (down 18% from Feb 2007)
Pending: 68 (down 24% from Feb 2007)
Sold: 45 (down 34% from Feb 2007)
Avg Sale Price:  $147,664 (up 3.2% from Feb 2007)
The good news is that average price is still strong.  The homes that are selling are close to list price (97%) and buyers are still willing to pay a premium over last year for properties … (0 comments)

Investment Info for Agents: Start Now - 03/02/08 09:50 PM
I read a series of articles from the MSM last year that stated that the average person aged 55 or older had less than $50,000 in any type of retirement account.  This was a stunning statistic to me. 
Regardless of where you are in your life or career, it is never too early to start thinking about retirement.  And, more importantly, it is never too early to start acting like you are thinking about retirement.  If you are like me, you occasionally dream about what it would be like to have a secure financial future and to not have to work … (5 comments)

Investment information for Agents: D.R. Horton - 03/02/08 09:27 PM
As a relatively new agent, I have learned alot here on AR and have been thinking about ways to contribute to the community.  While I was getting my MBA, I became extremely interested in finance and have spent a lot of time studying investments, businesses, etc and I'd like to pass some of the knowledge gained onto others in hopes that it will be of some benefit. 
I was working on a blog about diversification, when I stumbled across some information related to D.R. Horton (nation's largest homebuilder <--according to their website) that I thought was interesting.  The CEO, CFO, and EVP all sold … (1 comments)

 
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Erik Hitzelberger, --Louisville-Middletown Real Estate

Louisville, KY

More about me…

RE/MAX Alliance - Louisville REALTOR-Luxury Homes

Address: 10302 Brookridge Village Blvd #103, Louisville, KY, 40291

Office Phone: (502) 921-3989

Cell Phone: (502) 921-3989

Email Me

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