All Forum Posts by: Lucas Rodrigues ferro

Heey @Amy Verges. Good to hear from you again. Thank you for sharing your opinion. I am gonna contact you privately. 

Hello community,

I am reaching out to seek some valuable advice from experienced investors on approaching a local partner for a unique situation I find myself in.

I currently own a fourplex unit in Baton Rouge, but due to a relocation to Michigan, managing the property has become a significant challenge. Unfortunately, I haven't had much success in finding a management company that justifies the 12% fee they charge. Consequently, I am exploring the option of bringing in a local investor as a partner who will have a vested interest in managing the property effectively (skin in the game). 

The property is currently under an FHA loan locked in at 2.5%, which means I am unable to sell or refinance at this time. Given this constraint, I believe that bringing in a local partner with shared interests in equity from now on, profits, and losses could be a mutually beneficial arrangement. However, I am seeking advice from the community on critical points to consider before approaching a potential investor with this proposition.

I understand that every situation is unique, but any insights or personal experiences you can share would be immensely helpful as I navigate this potential partnership. Thank you all in advance for your time and valuable input!

Best,

Lucas Ferro

Does anyone know a good insurance agent in Louisiana? I have a small multifamily (fourplex) in Baton Rouge

@Drew Sygit As I was managing the property myself, I know that this type of asset is very peculiar. Thank you for all the input, is gonna help me a lot.

@Edgard Leite Gardere area. Do you have properties that in that area ?

I am looking for multifamily property manager in Baton Rouge area that has experience with class C neighborhood.

@Mike Wood @Jackson Madonna Let me introduce myself. My name is Lucas Ferro and I am a flooring contractor and multifamily investor. If you ever need a floor, backsplash, tub surround or shower done, please contact me. Also, feel free to meet me in our new flooring showroom located on Perkins Road with Bluboonet (right across McDonald). We can talk about the materials and labor you want in your projects over a cup pf coffee. Check some of our jobs out on our Instagram page @Exoticoflooring (https://www.instagram.com/exot...).
If you have any questions, please let me know,
Sincerely,
Lucas Ferro

My family and I are moving to Michigan. As we have been talking to our future  MSU colleagues, they recommended us to look into other real estate markets as Okemos, Haslett, Mason, and Williamston. What are your thoughts about the area ? So far we have been investing in the multifamily market around baton rouge, LA, area.

Hi Nick!

I live and invest in Baton Rouge. I’m a also a subcontractor, working with flooring (any type), showers and backsplashes.

Happy to help if you want to contact me directly. 

@Heath Foster I’m at similar situation. Looking for a CPA in Baton Rouge, LA area