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All Forum Posts by: Keith Richard

Keith Richard has started 2 posts and replied 5 times.

Tax Liens & Mortgage Notes

Post: Leverage for Louisiana Tax Lien Portfolio

Keith RichardPosted
  • Gonzales, LA
  • Posts 6
  • Votes 2

Has anyone ever obtained a secured loan from a bank using a pool of Louisiana Tax Liens (Tax Sale Certificates) as collateral? If so, could you please share the bank contact person and/or attorney who created the entity/structure? 

0 Votes
Louisiana Real Estate Q&A Discussion Forum

Post: Leverage for Louisiana Tax Lien Portfolio

Keith RichardPosted
  • Gonzales, LA
  • Posts 6
  • Votes 2

Has anyone ever obtained a secured loan from a bank using a pool of Louisiana Tax Liens (Tax Sale Certificates) as collateral?  If so, could you please share the bank contact person and/or attorney who created the entity/structure? 

0 Votes
Tax Liens & Mortgage Notes

Post: LA tax Lien props

Keith RichardPosted
  • Gonzales, LA
  • Posts 6
  • Votes 2
The important piece of information that was omitted from the prior responses is that if you bid 1% ownership and the property does not redeem within 3 years...you are most likely screwed and have lost your entire investment.
0 Votes
Mobile Home Park Investing

Post: What to do with run down mobile homes?

Keith RichardPosted
  • Gonzales, LA
  • Posts 6
  • Votes 2
If they are in a park, I have had luck selling them for $500 as a handyman special then collecting lot rent. A construction worker can fix it up for just a couple thousand in materials plus his own labor.
2 Votes
Real Estate Agent

Post: Math calculation problems

Keith RichardPosted
  • Gonzales, LA
  • Posts 6
  • Votes 2
$32,000 is the correct answer.
0 Votes