All Forum Posts by: Jonathan Baird

Investment Info:

Single-family residence other investment.

Purchase price: $269,000
Sale price: $620,000

This house has been professionally remodeled with some impressive updates. Boasting majestic 10' ceilings, the main floor has an open layout, a private fenced in yard, and features a first-floor primary bedroom with private en suite bathroom. This design of this house mixes contemporary charm while maintaining the integrity of its original beauty. This house has a lot of history, being one of the first farm houses in the area.

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

My friend hired us to be the general contractor.

How did you add value to the deal?

New roof and gutters. New windows. New permitted breaker panel. New wiring. New custom kitchen cabinets. New granite countertops with waterfall island. New 12 ft. tile shower. New permitted HVAC. New permitted water heaters. New exterior paint. New permitted plumbing. New fixtures. Refinished hardwood floors.

What was the outcome?

House is pending now. My friends are thrilled to sell.

Lessons learned? Challenges?

Coordinating multiple crews on same job site and dealing with their conflict and backbiting.

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

Madison Meredith, a Louisville KY agent

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.