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All Forum Posts by: Jonathan Pliszka

Jonathan Pliszka has started 7 posts and replied 144 times.

Post: Trying to learn more about BRRR

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @Steven Ragsdale - Greetings from Downtown Lexington! You could certainly do put that $200K to good use in Lexington. Deals are becoming tougher to come by, but there's certainly some opportunity out there. What types of properties are you looking at? What makes you interested in Lexington? Will you be investing from Idaho?

Post: Rent by the bedroom strategy - Lexington, KY

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

@JJ De La Llera 40508 is a very big and very different zip code neighborhood to neighborhood. Transy, Bell Court, Georgetown Road Corridor, NoLi, South Hill, etc. I don't do this currently, but imagine it would probably work in some of the aforementioned, but not in others. Good luck!

Post: Meeting others in the area (Lexington, KY)

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

@Perry Gibson Hello there, neighbor! Congrats on the new rental!

Post: Property Managers rate

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @Akshay Johar - Generally speaking, you'll pay ~10% for long-term rentals. Feel free to shoot me a PM if you want a recommendation. Can't say enough good things about my property management team and happy to make an intro if it makes sense.

Post: Seeking Core 4 in Lexington, KY area

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @Alisha Boulter - Very interesting! Curious what makes Lexington an attractive market to you? I obviously have my own reasons, but I'm genuinely curious how Lexington came up on your radar. Thanks!

Post: Investors in Kentucky?

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @John Hamilton - Greetings from Gratz Park in Downtown Lexington! Welcome to BiggerPockets and best of luck on your real estate journey!

Post: How Much Does An Extra Bedroom Increase ARV in the Lexington?

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @JJ De La Llera - Not sure if this is helpful or not, but we turned an awkward 1400 sq foot 1/2 into a 3/2 and added a ton of value. Went from a purchase of price of $65,000 to an appraisal amount of $173,000. Probably put about in ~$40,000 of rehab to get there. Property is in an transitioning neighborhood in Downtown Lexington.

Post: Looking For Reading Recommendations

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @Mary Smith - Don't have any book recommendations on flips but just wanted to say hello and welcome to BiggerPockets from Gratz Park in Downtown Lexington! 

Post: Looking for Lexington KY Real Estate Investors

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @Dan Calonge - Greetings from Gratz Park in Downtown Lexington! I would check out the "Bluegrass Real Estate Investors Group" on Facebook. Additionally @James Wilcox has been hosting a number of Zoom events, etc. Best of luck with your investing!

Post: First Timer Needs Guidance - Lexington, KY

Jonathan PliszkaPosted
  • Financial Advisor
  • Lexington, KY
  • Posts 150
  • Votes 66

Hi @Caelan Lebryk - Greetings from Gratz Park in Downtown Lexington! I think @Reed Meyer nailed it. It's all about your comfort level and it's all relative. Anecdotally, my first property was a house hack in a Chicago neighborhood that a lot of my peers would have never touched. It was hard enough to get them to come visit. Ended up being a great deal for me. With that said, I have a pretty good idea of where you're talking about in Lexington. Feel free to PM if I can be helpful. Good luck!