All Forum Posts by: Jeremy Stroud

Congrats @Susan Foreman

@Susan Foreman, you should check out the Baton Rouge Trends Publications. there is a ton of good info in those. http://www.batonrougetrends.net/market-data/publications/

HI Damon,

I'll tell you upfront that I don't fund flips if that what you are looking for. But I thought It certainly couldn't hurt to introduce myself. I primarily buy and hold multifamily units. You can check out the details on my website. If I can ever be of any help don't hesitate to reach out. 

Welcome, Jeromy! You'll find lots of good content here

I recently used them for a commercial loan to purchase some investment property, It wasn't specifically for renovations or anything. But they were pretty easy to work with and helpful along the way. 

Worth a shot. I worked with a guy there by the name of Josh Prejean if you want to ask for him. 

Chad,

Have you tried Bank of Zachary yet?

HAs anyone ever taken any of the Jake and Gino education courses?

If so, I'd like to hear what you though about it.

I've closed two deals in the last month. One duplex and one 4 plex. I expect both to cash flow positive from the start and end up with nice returns. 

If I continue buying at this pace I'll certainly run out of money for the 20% down payments at some point!

One option I have is to take an interest only loan for the down payment from friends or family at 6% with a return of principal to them at a certain point in time. Maybe 2 years or so. 

I'm having difficulty figuring out how that second loan impacts my cash on cash return and total return.

I'm looking for some helpful advice!

This is my last deal if it's helpful to have real numbers. How would It effect return if I borrowed the $35k for down payment with an interest only loan at 6% with a balloon payment due at the end of 24 months

Thanks for the input. They have agreed to repair about half of them while I repair the other half Mostly small stuff

I have my first propety under contract. The inspection is done and there were probably 10/12 things he pointed out. NOne were super serious or expensive repairs. But it woudl add up enough to put a dent in my returns. 

How do most of you handle suggested repairs on inspection reports. DO you ask for a price reduction or ask them to fix it or split who repairs what?