June 2nd L.O.T.S. Event (Learn On The Site) - Joe Worth hosts in Shawnee

Investor Joe Worth hosts at his latest house rehab in the Louisville West End neighborhood of Shawnee. KREIA members, join us for a tour, a look at the numbers, and a free lunch.

How did he find the deal? How much did he pay to acquire it? How much did he spend on the rehab? How does he expect to profit? Find out all this and more at KREIA's next L.O.T.S. event!


We aksed Joe for some advance info on his project, which he's BRRRR-ing into a rental:
How did you find the property?
"I was approached by another investor who was in the process of flipping before it was burned down by individuals that broke into the house. I'm known for doing big rehabs and buying fire-damaged properties, so they reached out to me right after the house fire."
Can you share how you're financing it?
"I paid cash to purchase the property with my own money and then funded the entire rehab with private money post-closing."
Did you run into any surprises in the rehab?
"I had to kick squatters out of the shed a couple times. We had one break-in during construction and luckily only a couple Delta shower valve trim kits went missing."
What would you like us to know about the property before we see it?
"The property was fire-damaged and set to be demolished by the city. We had to hire an attorney to file an injunction and stop the demolition from taking place. We then had Kentucky Wide Cleanouts do a full gut demo and then built a 2nd story addition on the property."
Joe said the project will be "90-95% complete" at the time of the L.O.T.S. event. And as for parking recommendations, he said street parking is OK.
This event is for active KREIA members only. We're not posting attendance limits on this live event, but we are bringing only 40 box lunches. So, if you want to lock in your free lunch, please register now and arrive by noon on L.O.T.S. Tuesday.

What's the address? If you're an active KREIA member planning to attend, make sure you're logged in at your account at KREIA.com, then activate that registration button for this L.O.T.S. event. You'll then see the address of the property, plus a map link. After you're registered for L.O.T.S., you can revisit the page at any time, up to the date of the event, and see the address and map link (you'll need to be logged in).

What is L.O.T.S.? It's where we Learn On The Site. Once a month, from January to October, on the Tuesday following our main meeting, one of our active rehabbers in KREIA hosts an open house on his or her current project for other members to walk through and inspect. The house could be one that's just received its final polish or one that is still undergoing repairs.

Attending L.O.T.S. is like going behind the scenes of your favorite house-flipping TV show, except that the rehab numbers are real, the rehabber is probably someone you know, and the house is one that's in your own backyard here in Louisville — not somewhere in California or the East Coast. With L.O.T.S. you're getting a firsthand look at what's working for other rehabbers in your very own market!

See you on the site — if you're a member. And if you're not a member, join now! L.O.T.S. events alone are worth KREIA's membership fee. Wouldn't you pay $125 to get access to 10 live house-rehabbing workshops, lunch included, where you get to examine everything about the house and quiz the rehabbers on their design choices? It'd be a steal, and L.O.T.S. is just one of the benefits of joining KREIA!

Get more info about L.O.T.S. here, including how to volunteer your rehab house for an upcoming L.O.T.S. event.