All Forum Posts by: Jonathan Duhon

Thank you @Travis Steinemann. We’re very excited about the little apartment in the back, it was something we waited a while for. We will go ahead and start looking for our next home and sell it after the 2 year period.

Last week we closed on our first BIG renovation project! We are buying a beautiful 80 year old home in a historic neighborhood of Baton Rouge, LA. The home is a 2700 sqft 3/3 with a semi-detached apartment in the back. The home has incredible cedar and cypress bones and sits on .72 acres right in the middle of the city.

Our plan is to renovate the back building first and move into it. It is the perfect little studio apartment. It shares roof with the home but is not connected by walls. We plan to renovate it completely. It will have a kitchen and a full bathroom with a custom shower. We will also section off a portion of the back yard just for the little apartment. When we renovate the rest of the home we will put up walls and a laundry/office between the house and the apartment which will

1. capture the square footage of the apartment as living square footage when we sell and 2. add a huge lifestyle upgrade to the home by creating a laundry room and an office in the space between the home and the apartment. Once we move into the apartment, we will begin the “big house” renovation.

Once we finish the big home we will move in and use the apartment as a short term rental with a solid core door between it and the main home.

The home was listed at $465,000, we got it for $430,000 and it appraised for $485,000. By the time we are done it will be a roughly 3400 sqft 4/4 and it will be worth around $750,000-$800,000+. We plan to pay for the renovations, which will total around $150,000, in cash as we go along. Then we will cash out refinance and look at buying our first cash flowing properties. We are so excited to have started demo.

Here we go!

@Andrew Freed you’re well on your way!

@Megan Arzt amazing work. We so look forward to the day. Closing on our first live in flip/house hack this week and couldn't be more excited about what is to come. Looking seriously at STR's in some of our favorite areas. Moab is one of them, how has it been out there for STR's?

Hey @Megan Arzt, any success gaining traction out there since this post?

@Garth Aaron Presgrave Welcome to Baton Rouge. Make yourself at home. I would be happy to grab a coffee with you when you get to town. The market here is great. It is super hot right now but there are deals everywhere for investors. There are deals in Baton Rouge and there are plenty of pockets just outside of town where properties can be very affordable. Let’s connect. Safe travels and a pleasant transition.

@Frank A Castro It sounds like this is the perfect motivation to do what so many of us struggle to do - pick up the phone. Like others have said, your best bet might be finding a home off market. I would take all of these folks up on their offers to chat and give you ideas and do exactly as they say. You’ll find your home no doubt. Thank you for your service.

@Tami DuBose thank you for the warm welcome! I look forward to seeing y’all at the upcoming meetups!

@Robert Leonard thank you brotha! Great to be here.

@Braden Smith thank you for being an open book and for providing so much info in your reply. Diving into the links myself. I would love to take you up on that phone call mentioned above. I’m in the Baton Rouge area. Looking to take massive action and make my first wholesale deal in the next 40 days.