Professional Investor in the Louisville area

Louisville, Kentucky
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Professional Investor in the Louisville area

Jonathan Baird
Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes

Back on Bigger Pockets after a few years away. I have been the Jack of all trades in the real estate industry. I have flipped houses strictly as the investor. I have wholesaled properties. I have a rental portfolio here in Louisville. I am a general contractor who handles both residential and commercial remodeling. 

I have focused a lot on the Portland neighborhood over the past 7 years, flipping and holding houses down there. I love the proximity to downtown and the entry price point. 

Always open to networking and meeting new people and learning new ideas. 

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James WilcoxBusiness Member
Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 602 votes
2y
Quote from @Maegan Hicks:

Hello all, This seems like a good thread to post a question about a property I have under contract in KY. It is a sub-to deal and I am struggling to find an attorney or title company who will actually do a sub-to deal with/for me. So far they all tell me I have to get permission to assume the mortgage and be approved by the lender, which sorta defeats the purpose of sub-to. Anyone here have a recommendation for a great atty and/or title company who can assist and works with investors doing creative finance?? Thanks in advance! 

It's likely accurate because most lenders aren't inclined to allow someone to assume responsibility for payments without their approval. Subject-to arrangements are uncommon among lenders. Nevertheless, consider reaching out to Borders and Borders for assistance with title work for more creative deals. They don't have authority over the lender's requirements though.

REI James w/ eXp Realty54 Reviews
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  • Julio GonzalezPro Member
    Specialist · West Palm Beach, FL · Member since 2008 · 4k+ posts · 1k+ votes
    2y

    Welcome back to BiggerPockets, Jonathan! It sounds like you've had quite the journey in the real estate! Your experience is impressive! I'm sure you'll find plenty of opportunities to connect and grow within our community.

    -Julio



    561-253-6640
    0Reply
  • Jake Guhy
    Real Estate Agent · Louisville, KY · Member since 2018 · 18 posts · 15 votes
    2y

    @Jonathan Baird Hey Jonathan - I similarly fluctuate with my BP engagement but it's been a great tool & resource over the years. I'm also in the Louisville area - investing, flipping, and working with mostly investors on the license front. I'll take down just about anything outside of the west so I'm sure we could share some insight & perspectives. Let's jump on a call or grab a coffee sometime.

    0Reply
  • Daniel Dobbs
    Real Estate Agent · Nicholasville · Member since 2022 · 38 posts · 10 votes
    2y

    Hello, welcome back. Sounds like you have a lot of experience. Have you thought about expanding out of Louisville? What’s your end goal?

    0Reply
  • Jonathan Baird
    OP
    Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes
    2y
    Quote from @Daniel Dobbs:

    Hello, welcome back. Sounds like you have a lot of experience. Have you thought about expanding out of Louisville? What’s your end goal?


     Yes we have expanded outside of Louisville. We will handle projects in other parts of the state when an investor cannot use a local crew that is proximate to the job site. 

    For example I’m handling a whole house remodel from the studs up in Eddyville Ky on Kentucky Lake. It’s a 3 hour drive one way. It’s been a little challenging but I think we are about 2 weeks from finishing a 3 level 5 bed /3 bath house so it’s been a big project. 


    Especially for our roofing business we have looked at expanding to Lexington. 

    1Reply
  • Jonathan Baird
    OP
    Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes
    2y
    Quote from @Julio Gonzalez:

    Welcome back to BiggerPockets, Jonathan! It sounds like you've had quite the journey in the real estate! Your experience is impressive! I'm sure you'll find plenty of opportunities to connect and grow within our community.

    -Julio




     Thank you Julio. I enjoy the discourse here. 

    1Reply
  • Daniel Dobbs
    Real Estate Agent · Nicholasville · Member since 2022 · 38 posts · 10 votes
    2y
    Quote from @Jonathan Baird:
    Quote from @Daniel Dobbs:

    Hello, welcome back. Sounds like you have a lot of experience. Have you thought about expanding out of Louisville? What’s your end goal?


     Yes we have expanded outside of Louisville. We will handle projects in other parts of the state when an investor cannot use a local crew that is proximate to the job site. 

    For example I’m handling a whole house remodel from the studs up in Eddyville Ky on Kentucky Lake. It’s a 3 hour drive one way. It’s been a little challenging but I think we are about 2 weeks from finishing a 3 level 5 bed /3 bath house so it’s been a big project. 


    Especially for our roofing business we have looked at expanding to Lexington. 


     If you’re in the Lexington area would love to connect, I’m a local agent in the area. 

    0Reply
  • Mark Wadlington
    Lexington, KY · Member since 2017 · 1 post · 0 votes
    2y
    Quote from @Jonathan Baird:
    Quote from @Daniel Dobbs:

    Hello, welcome back. Sounds like you have a lot of experience. Have you thought about expanding out of Louisville? What’s your end goal?


     Yes we have expanded outside of Louisville. We will handle projects in other parts of the state when an investor cannot use a local crew that is proximate to the job site. 

    For example I’m handling a whole house remodel from the studs up in Eddyville Ky on Kentucky Lake. It’s a 3 hour drive one way. It’s been a little challenging but I think we are about 2 weeks from finishing a 3 level 5 bed /3 bath house so it’s been a big project. 


    Especially for our roofing business we have looked at expanding to Lexington. 


     Hi, Jonathan.  I actually grew up in Kuttawa, KY and went to high school in Eddyville (class of '93).  Where is the house you're remodeling in Eddyville?

    Also, if you're ever looking for private lending let's talk.  I've been private lending for the past three years and have done just over $10MM in loans.

    0Reply
  • Jonathan Baird
    OP
    Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes
    2y
    Quote from @Mark Wadlington:
    Quote from @Jonathan Baird:
    Quote from @Daniel Dobbs:

    Hello, welcome back. Sounds like you have a lot of experience. Have you thought about expanding out of Louisville? What’s your end goal?


     Yes we have expanded outside of Louisville. We will handle projects in other parts of the state when an investor cannot use a local crew that is proximate to the job site. 

    For example I’m handling a whole house remodel from the studs up in Eddyville Ky on Kentucky Lake. It’s a 3 hour drive one way. It’s been a little challenging but I think we are about 2 weeks from finishing a 3 level 5 bed /3 bath house so it’s been a big project. 


    Especially for our roofing business we have looked at expanding to Lexington. 


     Hi, Jonathan.  I actually grew up in Kuttawa, KY and went to high school in Eddyville (class of '93).  Where is the house you're remodeling in Eddyville?

    Also, if you're ever looking for private lending let's talk.  I've been private lending for the past three years and have done just over $10MM in loans.

    Mark:  Its on Hylan Drive.  Its not lakefront facing property but its one of the roads circling the lake.  Its going to be a beautiful house when we finish.  2 stories plus a finished basement.  4 bedrooms 3 baths.  Custom tile showers.  Huge vaunted great room ceiling.  Big front deck.   

    0Reply
  • Shilpa Shankar Bhatia
    Flipper/Rehabber · Louisville · Member since 2023 · 12 posts · 5 votes
    2y
    Quote from @Jake Guhy:

    @Jonathan Baird Hey Jonathan - I similarly fluctuate with my BP engagement but it's been a great tool & resource over the years. I'm also in the Louisville area - investing, flipping, and working with mostly investors on the license front. I'll take down just about anything outside of the west so I'm sure we could share some insight & perspectives. Let's jump on a call or grab a coffee sometime.

     Hi @Jake Guhy & @Jonathan,

    I'm in Louisville too, flipped a few and have one actively listed for sale. I'm learning a few things investing in west end. Would love to meet over a coffee sometime and make our little BP Lou group.

    Traveling until mid April, so anytime post that is great for me.

    1Reply
  • Maegan Hicks
    Real Estate Investor · Williamstown, NJ · Member since 2015 · 3 posts · 0 votes
    2y

    Hello all, This seems like a good thread to post a question about a property I have under contract in KY. It is a sub-to deal and I am struggling to find an attorney or title company who will actually do a sub-to deal with/for me. So far they all tell me I have to get permission to assume the mortgage and be approved by the lender, which sorta defeats the purpose of sub-to. Anyone here have a recommendation for a great atty and/or title company who can assist and works with investors doing creative finance?? Thanks in advance! 

    0Reply
  • Jonathan Baird
    OP
    Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes
    2y
    ROUNSAVALL TITLE CO



    Quote from @Maegan Hicks:

    Hello all, This seems like a good thread to post a question about a property I have under contract in KY. It is a sub-to deal and I am struggling to find an attorney or title company who will actually do a sub-to deal with/for me. So far they all tell me I have to get permission to assume the mortgage and be approved by the lender, which sorta defeats the purpose of sub-to. Anyone here have a recommendation for a great atty and/or title company who can assist and works with investors doing creative finance?? Thanks in advance! 

    0Reply
  • River SavaPro Member
    Lender · USA · Member since 2022 · 1k+ posts · 1k+ votes
    2y

    Welcome back to BP!

    Would love to connect and hear more about your experiences and what you are looking to do now!

    [email protected]
    0Reply
  • James WilcoxBusiness Member
    Real Estate Agent · Bowling Green KY ~ Lexington, KY · Member since 2015 · 1k+ posts · 602 votes
    2y
    Quote from @Maegan Hicks:

    Hello all, This seems like a good thread to post a question about a property I have under contract in KY. It is a sub-to deal and I am struggling to find an attorney or title company who will actually do a sub-to deal with/for me. So far they all tell me I have to get permission to assume the mortgage and be approved by the lender, which sorta defeats the purpose of sub-to. Anyone here have a recommendation for a great atty and/or title company who can assist and works with investors doing creative finance?? Thanks in advance! 

    It's likely accurate because most lenders aren't inclined to allow someone to assume responsibility for payments without their approval. Subject-to arrangements are uncommon among lenders. Nevertheless, consider reaching out to Borders and Borders for assistance with title work for more creative deals. They don't have authority over the lender's requirements though.

    REI James w/ eXp Realty54 Reviews
    WebsiteView Page
    1Reply
  • Emily Fackler
    Rental Property Investor · Eddyville, KY · Member since 2019 · 33 posts · 19 votes
    2y
    Quote from @Jonathan Baird:
    Quote from @Mark Wadlington: Hey I work, invest and live in Eddyville Kentucky. I am happy to help out in any way!
    Quote from @Jonathan Baird:
    Quote from @Daniel Dobbs:

    Hello, welcome back. Sounds like you have a lot of experience. Have you thought about expanding out of Louisville? What’s your end goal?


     Yes we have expanded outside of Louisville. We will handle projects in other parts of the state when an investor cannot use a local crew that is proximate to the job site. 

    For example I’m handling a whole house remodel from the studs up in Eddyville Ky on Kentucky Lake. It’s a 3 hour drive one way. It’s been a little challenging but I think we are about 2 weeks from finishing a 3 level 5 bed /3 bath house so it’s been a big project. 


    Especially for our roofing business we have looked at expanding to Lexington. 


     Hi, Jonathan.  I actually grew up in Kuttawa, KY and went to high school in Eddyville (class of '93).  Where is the house you're remodeling in Eddyville?

    Also, if you're ever looking for private lending let's talk.  I've been private lending for the past three years and have done just over $10MM in loans.

    Mark:  Its on Hylan Drive.  Its not lakefront facing property but its one of the roads circling the lake.  Its going to be a beautiful house when we finish.  2 stories plus a finished basement.  4 bedrooms 3 baths.  Custom tile showers.  Huge vaunted great room ceiling.  Big front deck.   


    0Reply
  • Jonathan Baird
    OP
    Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes
    2y
    Quote from @River Sava:

    Welcome back to BP!

    Would love to connect and hear more about your experiences and what you are looking to do now!

    Thanks River!  I think I just found my next flip. 2/1 but I believe we can finish the basement and add a bedroom. So increased sq footage with a 3/1 should do well. 
    0Reply
  • Peyton GriffinPro Member
    Investor · Chicago Suburbs · Member since 2020 · 8 posts · 3 votes
    2y

    Hey @Jonathan Baird! I'm wrapping up my first flip in Louisville. As long as everything goes according to plan, I'll be closing on that next week. Looking ahead to my next project, do you have any advice or resources for finding off market deals? Appreciate any pointers!

    0Reply
  • Jonathan Baird
    OP
    Contractor · Louisville, KY · Member since 2024 · 38 posts · 10 votes
    2y
    @Peyton Griffin there are lots of wholesellers in Louisville and some bring good deals. Give me a shout and talk to me about your purchase preferences and I can try to guide you. 

    Quote from @Peyton Griffin
    0Reply
  • Maegan Hicks
    Real Estate Investor · Williamstown, NJ · Member since 2015 · 3 posts · 0 votes
    2y

    Can anyone recommend a reliable home inspector in Wickliffe KY? I found Town and Country, Chris Ivy. Thoughts or recommendations?  Thanks in advance

    0Reply
  • Georgie Howie
    Investor · DMV Area · Member since 2018 · 7 posts · 0 votes
    2y

    Thank you for this post.  I have a similar background and I am intrigued about jumping into the Louisville market. Can you tell me a bit about your experience? Is the Portland area evolving or "evolved"? Are there any risks or pitfalls I should I consider as an investor entering the Louisville market? Are your properties market rent or subsidy? 

    I would also like the info on the wholesalers you mentioned. I would be interested in portfolio of SFH, multi -units, and mixed-use, and vacant land zoned for multi-family.


    Thank you in advance for your support. 

    0Reply
  • Shilpa Shankar Bhatia
    Flipper/Rehabber · Louisville · Member since 2023 · 12 posts · 5 votes
    2y
    Quote from @Maegan Hicks:

    Hello all, This seems like a good thread to post a question about a property I have under contract in KY. It is a sub-to deal and I am struggling to find an attorney or title company who will actually do a sub-to deal with/for me. So far they all tell me I have to get permission to assume the mortgage and be approved by the lender, which sorta defeats the purpose of sub-to. Anyone here have a recommendation for a great atty and/or title company who can assist and works with investors doing creative finance?? Thanks in advance! 

    I like Borders and Borders, Harry or John Borders, they can help or guide you. 
    0Reply
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