All Forum Posts by: Mya Toohey

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $16,000
Cash invested: $82,000
Sale price: $162,000

Completely Renovated with a contemporary style. This home is situated on a quiet dead end street in the up and coming Phoenix Hill neighborhood. You'll find it is close enough to all of the nearby areas, an easy walk to Nulu, Paristown Pointe, Highlands and even the waterfront. It is full of charm and character with open concept, original hardwood floors and high ceilings, but also with lots of modern finishings. It also includes a driveway (rare for this area!)

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

Purchased the home for $16,000 as a complete burn out.

How did you find this deal and how did you negotiate it?

I found it on the MLS.

How did you finance this deal?

CASH

How did you add value to the deal?

SOLD it for more than asking.

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $16,000
Cash invested: $82,000
Sale price: $162,000

Completely Renovated with a contemporary style. This home is situated on a quiet dead end street in the up and coming Phoenix Hill neighborhood. You'll find it is close enough to all of the nearby areas, an easy walk to Nulu, Paristown Pointe, Highlands and even the waterfront. It is full of charm and character with open concept, original hardwood floors and high ceilings, but also with lots of modern finishings. It also includes a driveway (rare for this area!) and a shady backyard for cookouts and relaxing.

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

Purchased the home for $16,000 as a complete burn out.

How did you find this deal and how did you negotiate it?

I found it on the MLS.

How did you finance this deal?

CASH

How did you add value to the deal?

SOLD it for more than asking.

Hello Benjamin,

I would love to speak to you about your portfolio.  I have the knowledge and the experience to be able to assist you with your needs.  Would Wednesday work for you to chat?

All the Best,

Mya Toohey 

Investment Info:

Single-family residence fix & flip investment.

Purchase price: $59,000
Cash invested: $75,000
Sale price: $222,000

Extraordinary Renovation in Historic Phoenix Hill/ NuLu area. The home has been rebuilt from the brick walls out, while retaining the historic charm. All new plumbing, electrical, dual HVAC systems and roof. New drywall and exposed brick. New insulation. Original staircase, tall ceilings. 2 1/2 brand new bathrooms. Master bath with Jacuzzi tub. Amazing tile work. Lots of recessed lighting. All new kitchen appliances included. First floor laundry room. New off-street concrete parking pad. Extensive landscaping and much more. Convenient location just a couple blocks from the restaurants and galleries of NuLu and and the Downtown Medical/Hospital Complex.

How did you finance this deal?

Cash

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Louisville .

Purchase price: $100,000
Cash invested: $20,000
Sale price: $200,000

We purchased two 4 plexes with owner financing. We put 20% down and made monthly payments of $1000 to the owner. Each unit was rented for $500 a month with a 14% Cap Rate. We took the income from rent and used it to improve the units. We put new carpet , flooring, paint, and updated fixtures. We then sold the units for $200,000.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $60,000
Cash invested: $20,000
Sale price: $118,900

Purchased as a buy and hold. Total investment $80,000. Rented out for $850 for two years. Then Sold for $118,900

How did you finance this deal?

Paid Cash

How did you add value to the deal?

Rehabbed Kitchen, bathroom and repainted entire inside and out of home.

What was the outcome?

Made rental income and $40,000 on sale of property.

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

I was the buyers agent and the property manager.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Louisville .

Purchase price: $100,000
Cash invested: $20,000
Sale price: $200,000

We purchased 2 4 plexes by owner financing. We put 20% down and made monthly payments of $1000 to the owner. Each unit was rented for $500 a month with a 14% Cap Rate. We took the income from rent and used it to improve the units. We put new carpet , flooring, paint, and updated fixtures. We then sold the units for $200,000.

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

Using owner financing made it possible to satisfy the owners needs for rental income and keep cash flow for us as well.

How did you find this deal and how did you negotiate it?

Investor from Bigger Pockets was looking to sell. I negotiated it as Realtor, between my buyer and the seller.

How did you finance this deal?

Owner Financing

How did you add value to the deal?

Added improvements brought value up by $50,000 per building.

What was the outcome?

Sold to investor as income generating property.

Lessons learned? Challenges?

Owner Financing is a great way to leverage your money. Managing 8 units while renovating vacant units and moving tenants around was found to be a challenge.

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

I represented both the buyer and the seller of the transaction.

Hello,

I am an investor friendly realtor here in Louisville. I represent several flippers and investors in the area and own rental property as well.   Feel free to contact me if you would like to discuss the Louisville market or an investment plan for this area.

Mya 

Hi Steven,

I am an investor friendly agent here in Louisville and also invest in buy and hold rental properties.  Feel free to message me if you have any questions about the Louisville market.

Hi Zach,

Welcome to BiggerPockets! It's a great site for networking! Feel free to message me if you have any questions about the Louisville market. I'm a local investor friendly realtor and invest in SFH rentals myself.

Best, 

Mya