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All Forum Posts by: Jordan Parr

Jordan Parr has started 3 posts and replied 4 times.

Post: Own primary residence, looking to buy first rental

Jordan ParrPosted
  • Real Estate Agent
  • Thibodaux, LA
  • Posts 4
  • Votes 5

*asking for a friend*

I've recently become a licensed agent and I am working with a long term friend to help begin his path into real estate investing with his first rental. Now that I have my license we have began searching for a deal. He currently owns his primary residence which he took out a 115k loan on 2 years ago. He owes 70k left on the loan and has 50k in cash reserves to invest. House has recently been appraised for 130k.  Our question is... what's our best option to fund the deal? Between the cash and the equity in his primary residence which would be our best route? 

Ideally he wants to leverage the equity in his primary, but he does not want to end up with a higher note.

Post: Just passed salesperson licensing exam

Jordan ParrPosted
  • Real Estate Agent
  • Thibodaux, LA
  • Posts 4
  • Votes 5

Calling all sales agents!

I just passed both my national state exams for My Louisiana Salespersons license. After completing my course I honestly still couldn’t tell you how to sell a house… I will be taking up on their mentor program. I’ve already started establishing a good relationship with my mentor as I met her at my day job and she got me on with the team. I can already tell I will learn a lot from her, but she is only one person to learn from…

Im seeking any entry level advice into the field. Any tips, tricks, or gotta knows that can help put me in the right direction to beginning my new career in this field. I’ve been learning a lot from the BP podcasts but now I am ready to start learning real experience in the field.

If anyone is local to my area I’d love to do meet ups and create new relationships!

TIA, Im beyond ready for this new journey!

@Mindy Jensen where do we register?

Post: Just started my 90 hour pre-licensing course...

Jordan ParrPosted
  • Real Estate Agent
  • Thibodaux, LA
  • Posts 4
  • Votes 5

I’m currently in the beginning of my 90 hour pre-licensing course (Louisiana), and I am looking for any beginner tips or strategies as to starting my career in real estate. I’m 24 years old and have been in the restaurant industry since 17. I don’t have much experience with real estate but i am open to anything and everything. Any books, you tubers, podcasts, etc. that I should look into.

I also will be looking to purchase my first house after getting my license, to save on fees, within the next year or two. Which would be the best loans to look into and anything I should prepare myself for ahead of time?

I plan to move every few years to explore some of this beautiful earth, and I would like to purchase a home each time and rent out the house I leave behind. Which would be the best ways to go about this in the future and anything that may cause any problems with this?