About L.O.T.S. Events: We Learn On The Site how to flip houses in Louisville


Stacey Duvall and Ron BurnsStacey Duvall and Ron Burns hosted April 2021's L.O.T.S. event in their Highview BRRRR house. Photo by Alexis Fentress

Want an up-close look at how other real estate investors go about rehabbing a house? Come join us at L.O.T.S. events.

Each month an active rehabber in the KREIA community acts as host and invites other members to an “open house” of his or her latest rehab project. The house can be at any stage: demo, middle of rehab, or finished product.

Do you watch house-flipping shows on TV? Attending a L.O.T.S. event is better, because it’s live, local — and unscripted! You'll learn a lot at L.O.T.S.!

Here’s why you’ll love L.O.T.S.:

  • Hosts are transparent with their numbers they tape up printouts showing their acquisition and rehab costs, along with estimates of what they want to sell for and how much they hope to profit.
  • Hosts share information about the materials they chose and the processes they used. They might even tell you who their contractors are.
  • Hosts answer all your questions. They’re a captive audience! They can’t leave!
  • You see firsthand what’s working for other rehabbers in the Louisville area. You can inspect the cabinets, windows, flooring and mechanicals to your heart’s content.
  • Usually hosts will tape up the "before-rehab" photos if their house is finished or nearly done, so you'll get to see how far the house has come.
  • You get to network with other KREIA investors: an awesome group of landlords, rehabbers, wholesalers, agents and lenders.
  • You get a free lunch, courtesy of Platinum Sponsor Flippin Loan. We order 50 box lunches, so make sure you get there by noon to claim yours!

When do L.O.T.S. events happen? The Tuesday following the main meeting, starting at noon. (There are no L.O.T.S. events following the November meeting.)

Where? How do we find out about the location? Check out the upcoming L.O.T.S. event page and register for the event as an active KREIA member. You'll then be able to see the address and click on the Google Map link.

Who is invited? You are! But only if you’re an active KREIA member.

How much does it cost? Not a penny! It's free. (But only to active KREIA members.) 

If you’re not a member, join now to receive your L.O.T.S. invitations, along with all your other KREIA benefits!

Become a L.O.T.S. Host

George ForeeAre you a KREIA member who has a house you’d like to volunteer for a L.O.T.S. event? Call longtime board member George Foree (502-541-1811) or catch up with him at main meetings. Please note that the house must having running water, a working toilet, and heat in winter time.

What's in it for you? Besides the kudos you'll get for paying forward on education, you'll get recognition: It's a high-profile way to show other investors that you know what you're doing. If you're looking for joint venture partners or a private lender, hosting a L.O.T.S. event puts a good bit of social credit in your toolbelt.

Sponsored by...

L.O.T.S. events are sponsored by Chris McCarty and Margaret Reed of Flippin LoanNot only do they make the free lunches possible, but sometimes they're also making the rehab possible: Some of the investors hosting L.O.T.S. events over the last year got their house rehab funding from Flippin Loan.

Flippin Loan

 

The L.O.T.S. program was originated by Jim Gardner, KREIA President 1991-1993. Thanks, Jim!

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