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

We asked Jake Guhy for some advance intel on his project, and he said this:

I look forward to hosting, and I think the project is a super unique one, and members will get a lot of value out of it.

This project has been a blend of many different strategies and not one that you get to see or do often. The combination of a tear-down, new construction building that will be an owner-operated Short-term Rental has been a unique and challenging project to bring to life. It would not have been possible without established relationships with off-market wholesalers, private money lenders, experienced contractors, and commercial lenders.

It's an infill project on a C-1 zoning lot.

Any surprises?

Any time you tear down a 100-year-old house and try to build back on a similar footprint, there are hurdles that you run into — especially with permitting, feasibility, and cost! Building new construction in tight quarters on a narrow 30-foot lot is also challenging. I look forward to sharing more about the wins and lessons learned from the project as a whole.

This 3,300-square-foot short-term rental will bring a unique experience to large groups touring Louisville in one of the most attractive corridors in town.

Got any parking recommendations:

There is minimal street parking along the front of the house. But you can find street parking spots on the adjacent side streets. The rear parking pad will be reserved for me and my team.

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.