#306 - Saving Historic Buildings and Creating Value Through Smart Redevelopment - Kevin Kreger
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Joining us for today's episode of Living Off Rentals is someone who specializes in historic preservation projects that many investors overlook, but can be transformed into high-performing rental assets.
Kevin Kreger is Kirby Atwell's longtime friend and a construction expert. He is the founder of On Point Construction and Fiddle Leaf Development. He breaks down how he transitioned into design-build work and eventually into restoring historic downtown buildings with serious cash-flow potential.
Listen as they dive deep into why historic properties aren't as intimidating as they seem, how to uncover hidden square footage, and why cities are often willing to offer grants and incentives to make these projects pencil. This episode will completely change how you see opportunity. Enjoy the show!
Key Takeaways:
[00:00] Introducing Kevin Kreger and his background
[03:22] From high school football to entrepreneurship
[05:18] Starting On Point Construction in 2016 and how it evolved from management into full design-build work
[08:55] How early exposure to historic homes sparked Kevin's interest in preservation
[10:17] How to make a historic property profitable?
[13:14] Ways to identify grants, incentives, and funding that a city is offering
[15:30] How reimbursement-based grants and TIF-style programs work
[18:32] Why walking downtown and looking up is one of the best deal-finding strategies
[20:07] Managing higher construction costs in older buildings
[23:34] A real-world breakdown of Kevin's Frankfurt redevelopment project
[25:52] Combining retail tenants with short-term rentals for stability and upside
[28:10] Real numbers: acquisition costs, rehab budgets, and performance
[34:00] Connect with Kevin Kreger
Guest Links:
Website: https://www.fiddleleafdevelopment.com/
Show Links:
Living Off Rentals YouTube Channel – youtube.com/c/LivingOffRentals
Living Off Rentals YouTube Podcast Channel - youtube.com/c/LivingOffRentalsPodcast
Living Off Rentals Facebook Group – facebook.com/groups/livingoffrentals
Living Off Rentals Website – https://www.livingoffrentals.com/
Living Off Rentals Instagram – instagram.com/livingoffrentals
Living Off Rentals TikTok – tiktok.com/@livingoffrentals