All Forum Posts by: Felix Sharpe

Hi Dor. I'm based here and have been since 2015. Currently house hacking a duplex. As far as advice goes, I've started in the Old Louisville area, which was a great place to start for me. I'd like my next purchase to be in East Louisville, specifically the St. Matthews or Lyndon general areas. I am having a difficult time finding cash flowing deals at the moment, which could be my in experience or just current market conditions. If you're ever up for coffee, we can discuss some more specifics of my experience here in Louisville.

-Felix

Only stopping by to say that I logged on specifically to search for forum posts where this question was asked. But your post was on the first page. I am having the same issue analyzing deals with 20% down. Wondering if I need to consider 40%-50% down for the time being.

Hello, 

Thought I’d come here for help after striking out with several of the big time roof repair companies in town. 

I have a duplex built in 1925 with 12-24 inches of wood soffit board extending from the building. It’s the kind of original wood soffit that I’ve only seen under the porch ceiling at Gelato Gilberto on Frankfort Ave. 

I have a few places where the soffit board is damaged. I think it can be repaired with beaded plywood or even tongue and groove beadboard, but I am having a difficult time finding a contractor willing to perform this work. 

Any recommendations are greatly appreciated. 

I am including a photo. 

Thanks, 

Felix

 @Chris Seveney thanks for your feedback. I double checked my numbers also to make sure. But i learned after posting my question that the home was a habitat home with income ceiling limitations and more purchase restrictions than usual. Anyway, I couldn't qualify for the purchase. So, I am back out looking everyday.

 Thanks so much for your feedback @Melissa Justice!

 Hi Jaycee - I wasn’t choosing new construction per se, but this deal just happened to be in my buy box as far as price range, square footage bed/baths.

I did a full gut rehab with my first purchase, and I’m sure I’ll do more in the future. But I like the idea of something that’s move in ready where I don’t have to consider a bunch of capital expenditures. 

Hello, 

I am a relatively new investor looking to get Door No. 2 under my belt.  

I am considering a SF new construction (3/2) that would produce a cash on cash return between 7%-9.5% with 20% down.

I have 50% of the down payment. I could theoretically borrow the other 50% from my 401k, which I could pay back in a year. 

Thoughts? Would you do this deal and borrow 50% from your retirement?

Thanks for any input!

-Felix

Hey Michael, thanks for the reply. 

Here’s the listing:  Felix’s Listing

Hello folks,

I bought my first property in 2023. It was a full renovation via 203k loan. In my first year as an STR host in 2024, I made approximately $2,500 per month. I expect that to be about $2,600 - $2,800 per month in 2025. That leads to my question: I have about $60,000 to invest. I am considering whether to use that money to reinvest in my STR property or scaling up and buying another property that would be a single family long term rental. If reinvested in my existing property, it would be to have both (1) the STR professionally designed by an interior decorator like Rob Built's Funkit Interiors and (2) finish the exterior curb appeal with a paint job, landscaping, new doors and a roof.

Any thoughts on whether to reinvest or buy another property?

Thanks,

Felix

Thank you for your comments @Evan Polaski!