Investing in Real Estate - Kentucky Derby Houses Net Big Profits

In our neighborhood, we simply call them Derby houses. No one is home 11 months out of the year, yet the landscapers come by to mow and maintain. Then, come the end of April, the porch lights come on. Signs of parties and excitement fill the windows. They are neighbors that you never get to know, but are glad to see each year.

The busiest weekend in Louisville, Kentucky is the first Saturday in May. The Derby is a world renowned event that takes the city by a storm. Hotels rent out for hundreds a night and galas and parties are attended by celebrities. Traffic is thick with a Mardi Gras feel.

The weekend prior to Derby is not much different when Oaks comes to Churchill Downs. It is a smaller, less popular race, but people are still anxious to be at the track and ready to spend their money on races and accommodations.

Only four blocks from the track, we own a 4 bedroom, one bath house. Post it on www.rentmyhouse4derby.com and someone else will move in for the weekend of Derby and Oaks. Thousands of dollars are to be made on modest property and higher prices are paid for the more extravagant housing available farther from the tracks.

Purchasing a modest house in the area could be quite a boon. Almost an entire year's mortgage could be covered by the money earned through rent in the month of May. Using rentmyhouse4derby.com entitles you to online advertising of your property, a contract and upfront deposit from the renters, and extra security that you would not have renting it out on your own.

Consider checking out the reasonably priced property around Churchill Downs and investing in a home that can be rented for an exciting couple weekends a year. It is good for the neighborhood, the economy and is a fun investment!

Not sure where to start looking? The Oakdale neighborhood backs right up to Churchill Downs. Houses range from $70,000 to $115,000 in the neighborhood and vary from fixer-upper to move-in-condition. One house in particular is available now at http://louisville.craigslist.org/rfs/409232386.html for the great price of $89,900. It is in move-in-condition!

Recruit an agent to start looking now in the 40215 zip code and be ready once spring rounds the corner and the Kentucky Derby is back in Louisville. Visit the city and see what all the race hype is about and visit www.churchilldowns.com for more information.