Jacksonville Investor – Subject-To + PadSplit Conversion Project

[Kevin James O.]

Hi BP Community,

I’m an active investor here in Jacksonville, focused on creative financing strategies (Subject-To acquisitions) and value-add conversions 

My latest deal is a Subject-To property we’re renovating into a 7–8 room PadSplit. I’m targeting strong monthly cashflow once stabilized.

I’m here to connect with other investors, private lenders, and local partners who are active in the Jacksonville market and interested in learning more about creative strategies. Always happy to share what’s worked for me so far and hear how others are structuring their deals.

Looking forward to building with the community!

— Kevin O., IKAN LLC

[Kevin James O.]

@Basit Siddiqi You’re right that PadSplits are not a one-size-fits-all strategy that's why i ran the numbers carefully on my deal including ARV, rehab budget, and projected rents and the model still produces strong cashflow margins even after expenses and PadSplit’s fees. I also have built in exit strategies in case the PadSplit approach ever stops making sense and my goal is to have multiple strategies (not just PadSplit)