How did they find the deal? How much did they pay to acquire it? How much did they spend on the rehab? What's their exit strategy? Find out all this and more in KREIA's first L.O.T.S. event of 2023!
Longtime investor and current KREIA Vice President Chris Jaquith hosts at his most recent project, a house in the Iroquois neighborhood, just off Taylor Blvd.
Chris said he found this 4-bedroom, 2-bath house through a wholesaler. The place was crammed full of stuff — the family didn't want to deal with the house because of it — and Chris needed 5 dumpsters to get rid of everything. Because so much of the stuff was paper (45-year-old issues of TV Guide!), he recycled, and contributed about 15 truckloads' worth of paper to the nearest drop-off collection point. He's BRRRR-ing the house into a rental and is completely remodeling it.
Parking situation: Chris said there will be more street parking on Lonsdale, a cross street.
This event is for active KREIA members only. We're not posting attendance limits on this live event, but we are bringing only 50 box lunches, which will be provided by KREIA Platinum Sponsor FlippinLoan.com. So, if you want to lock in your free lunch, please register now and arrive by noon!
Not ready to join a crowd yet? We hear you. We are also planning to livestream to KREIA's Facebook Group, facilitated by Karen McKnight. There will also be a video replay later posted on the members-only Videos page.
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. You'll then see the address of this L.O.T.S. property, plus a map link.
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-flipping 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.
KREIA's L.O.T.S. program is sponsored by Flippin Loan. Need a short-term rehab loan for a flip or a BRRRR candidate, or even a commercial property? Call Chris McCarty or Margaret Reed of Flippin Loan at 502-219-3553. Or apply online!
