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usiness partners Mike Gorius and Kevin Hart have found success investing in real estate in Louisville, Kentucky. They focus on flipping ranch-style houses, typically three-bed, one-bath homes built between 1950 and the present. "Those are just super easy to renovate," Hart said. "Once you get into older houses, like those near downtown West Louisville, it's a whole different story."

    Gorius and Hart also engage in wholesaling and long-term rentals. In 2024, they completed 50 transactions and own over 20 rental properties throughout the area. They attribute their market's stability to its affordability, with a median sales price of $279,200 compared to Phoenix's $476,400.

    Gorius, who started investing remotely, chose Louisville for its growing but affordable market. He was drawn by the city's mild weather and friendly vibe. Hart, born and raised in Louisville, appreciates the city's steady growth and lack of extreme market fluctuations. "We've been super insulated from crazy highs and lows," he said.

    The business partners like their market for several reasons. Gorius looked at affordability, presence of major companies, and the city's vibe when considering markets to invest in. Hart added that Louisville's four seasons without natural disasters make it an attractive location. The city has seen steady appreciation, around 10-14%, compared to other areas experiencing rapid growth and subsequent price drops.

    While Louisville may eventually experience a boom like Austin or Nashville, for now, it remains a stable market with affordable housing options under $250,000.