How did she find the deal? How much did she pay to acquire it? How much did she spend on the rehab? How does she expect to profit? Find out all this and more at KREIA's next L.O.T.S. event!

KREIA member Sharon Bell is hosting at her current rehab project, a house in the Louisville neighborhood of Buechel. Go visit on Tuesday, listen to the presentation, look at the numbers breakdown, take a walkthrough of the property, check out the finishes, and ask her who she used as the contractor!

We asked Sharon for some advance intel, and she said...

"It’s a Duplex. The upper unit will serve as a longterm rental. It’s a 2/1. My company’s office will be downstairs. I am owner-financing – hopefully by April I will have the DSCR in place. The building was built in 1910 and has been empty or under-utilized for about 10 years. The owner purchased it to demolish it, so he could build a shopping center. I originally looked at the property for one of my clients, who decided not to purchase. Like so many of the great properties I see, I fail in love with it. So I negotiated an owner-financing deal. I couldn’t get a traditional loan on it because it needed so much work, and I could not get hard money because they don’t finance owner-occupied properties. After about 6 months of frustration and sleepless nights, the owner and I came to terms we both liked, and $80k later, here we are."

Parking Recommendation: "There's a small lot in the rear. KREIA members can park next door (the orange building), and they can park in the grass."

This event is for active KREIA members only. We're not posting attendance limits on this live event, but we are bringing only 60 box lunches. So, if you want to lock in your free lunch, please register now and arrive by noon on L.O.T.S. Tuesday.

What's the address? If you're an active KREIA member planning to attend, make sure you're logged in at your account at KREIA.com, then activate that registration button for this L.O.T.S. event. You'll then see the address of the property, plus a map link. After you're registered for L.O.T.S., you can revisit the page at any time, up to the date of the event, and see the address and map link (you'll need to be logged in).

What is L.O.T.S.? It's where we Learn On The Site. Once a month, from January to October, on the Tuesday following our main meeting, one of our active rehabbers in KREIA hosts an open house on his or her current project for other members to walk through and inspect. The house could be one that's just received its final polish or one that is still undergoing repairs.

Attending L.O.T.S. is like going behind the scenes of your favorite house-flipping TV show, except that the rehab numbers are real, the rehabber is probably someone you know, and the house is one that's in your own backyard here in Louisville — not somewhere in California or the East Coast. With L.O.T.S. you're getting a firsthand look at what's working for other rehabbers in your very own market!

See you on the site — if you're a member. And if you're not a member, join now! L.O.T.S. events alone are worth KREIA's membership fee. Wouldn't you pay $125 to get access to 10 live house-rehabbing workshops, lunch included, where you get to examine everything about the house and quiz the rehabbers on their design choices? It'd be a steal, and L.O.T.S. is just one of the benefits of joining KREIA!

Get more info about L.O.T.S. here, including how to volunteer your rehab house for an upcoming L.O.T.S. event.