All Forum Posts by: Chase Pino

Welcome Brandon!  I'm located in BR, as well.  Geaux Tigers!

@Nick Ysidron give me a call and let’s discuss. (225)603-4275

@Nick Ysidron where in Louisiana and is the seller represented by an agent?

@Timothy Winfield I don’t work at Exxon but I would be interested in either finding a group or creating one.

Be careful making your parents situation your first investment.  Emotions come into play and there is a good chance you can end up making the payments.  

Just from reading the info you have provided brings up a lot more questions.

Hey Phillip!  Yes, 10k is definitely enough to get started!  I would recommend getting a construction loan where you are paying interest only for up to 12 months.  They will give you draws as you complete different stages of the project.  Once you are done you can sell it or refinance into more permanent financing.  As far as refinancing into permanent you will more than likely have to hold the property for at least 6 months. 

If the numbers are right and with the right lender you may actually be able to get in without putting anything down.

I'm in the Baton Rouge market too.  Let me know if I can help in any way.

Ok so here we go first off this is in Louisiana and our laws tend to be a little different from other states.

An individual owns two pieces of land, one small tract with a mobile home and a larger tract behind where they keep livestock.  The bank, which is located in another state, forecloses on the land behind the property and is ready to list it.  One problem, the owner will not remove the animals and continues to put fencing across the driveway.  It is a difficult battle because of where the "precious owner" lives.

Technically, it isn't my issue but I like to maintain bank relationships.

In your opinion what steps would you take?

Thanks in advance for your input,

Chase Pino  

@Patrick Michaels that area has been a little on the rough side for years but if you are in it for the long game, aside from flood zone, I don’t see an issue. The revitalization of downtown in conjunction with the campus population is forcing this area to take shape. The Water Campus, Tin Roof, and the building where monochrome is located( drawing a blank of the name) are all examples of the growth.

@Seth Matherne text me whenever you have time (225)603-4275

@Seth Matherne I am located in Baton Rouge as well and very familiar with the market.