Our Latest Flip! High end single family project.

[Jonathan Baird]

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $300,000
Cash invested: $85,000

Professionally remodeled home in the coveted Crescent Hill neighborhood! This turnkey home seamlessly blends contemporary and modern design. Positioned on a corner lot, it boasts covered off-street parking with additional guest parking on the side. Perfect for those seeking a hassle-free move-in experience, this property features a well-maintained yard that gives the option for easy fencing to enhance privacy. The prime location is a standout feature, with restaurants, shops, galleries, and coffee shops, all within walking distance. Conveniently situated between two major interstates, I-64 and I-71, accessibility to both is convenient. The third-floor bonus room presents an excellent opportunity for a private office or playroom, adding versatility to this already remarkable home. - New roof
- Gutter guards
- New floors
- New cabinets
- Granite countertops
- New stainless steel appliances
- New tile in bathrooms
- New light fixtures
- New carpet in bedrooms
- Fresh paint
- Custom accent wall
- Parking pad
- New windows
- New exterior paint
- Updated light fixtures
- Fans in the bedroom
- First floor primary bedroom
- First floor washer/dryer hook ups
- Wrap around porch
- Ample off street parking
- Bonus room on 3rd floor

What made you interested in investing in this type of deal?

Flipping is our primary focus and this house was in good shape, but dated, and we obtained at a great price.

How did you find this deal and how did you negotiate it?

We used a buyers agent and it was located thru the local MLS.

How did you finance this deal?

Hard money loan

How did you add value to the deal?

New roof. New kitchen with granite. New primary bathroom with tile shower. New vinyl windows. New hardwood floors. Painted the exterior. New porch. New concrete parking pad. We also finished out the 3rd floor attic; it is not conforming space but it will make an excellent playroom or home office or mancave.

What was the outcome?

Still listed.

Lessons learned? Challenges?

Black semigloss should only be used when you are installing all new trim

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Madison Meredith, an agent here in Louisville, KY.

[Christie Hewitt]

Curious as to the hard money loan and if neighborhood of 5% above market rates? 13% hard money loan? How many days do you expect on market? I’m a new investor and haven’t done hard money yet, but looking in to it vs my all cash in.