All Forum Posts by: JD Monroe

@Michael Faulk 

I did.

Shane's

4726 E. Texas St, Suite 100
Bossier City, LA 71111

We have the meeting room from 6-8pm on Thursday the 18th, with the option to schedule a recurring appointment. If everyone likes the place we can keep it if not we will find something else.

JD 

@Michael Faulk 

I will be there Thursday.

We could have used your questions tonight at the S/B REIA.

I would recommend getting their First Sargent and supervisor’s information. I have seen a Supervisor actually drive the troop to the landlord’s office to pay rent on the 1st of every month. I have also seen punishments handed out for damaging Rent houses.

You are right, i think it would be great if 400 show up.

Your not getting ahead of yourself, I think it is exactly what we needed to do. Thanks for setting it up.
JD

@Michael Faulk 

 It looks good, I signed up. What happens when 400 people show up??

Thanks guys! Tonight was great, as always. It's nice to talk Real Estate with people who "get it!" 

I am going to be there!

I will be there! I'm moving foward with the purchase of this house and have a ton of questions for you guys.

I think a meetup.com page would be great. before I found BP I searched meetup.com but there wasn't an RE club listed.

See you on the 17th!
JD

@Mark Ferguson 

As I understand it, it was listed with no escrow. As in it's not allowed. Does this seem wrong?

@Kenneth Hynes 

I have around 30k cash. I got the numbers from my real estate agent. He is the agent used by the guys I meet-up with once a month from BP, He is also a local investor buy and hold as well as fix and flip. That combined with a price list my wife and I made for materials makes me feel comfortable with the number. Some of the less skilled work will be done by us. Some such as tile, tree removal, and plumbing will be contracted.

The new bank I am working with is a community bank and they explained the interest only loan as a "construction like loan" if after 6 months, I wont be able to use the FHA loan I will shop around for better rates.

I have been here for 10 years I am  more than "eligible" for orders. I haven't checked with USAA yet, my wife banks with them, I do not.