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All Forum Posts by: Michael Anderson

Michael Anderson has started 3 posts and replied 106 times.

Post: From Hood to Home, Investing in sub 30k properties

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

excellent post, excellent responsive feedback, this is a market that you really have to have dedication and deep commitment, thank you @Rip Rittell, @Lisa Phillips for keeping your communities strong, something that we may need to wrap our brains around & we love the inspiration that drives you guys to carve out a niche that is underappreciated in societies eye! keep posting but most of all keep sharing

Post: Investing in flood market? Baton Rouge?

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

none seem to pop into my head @Chris Clark, but other than FEMA and NFIP, are 2 key players that can make or not make you want to invest in the post-flood "redstick," my realtors work with us and we try not to buy in flood zone areas, but our newest project will require a flood certificate, if we have to elevate then no deal, but we are expecting to rehab and standard flood insurance, this is the new norm after the devastation, we buy low and sell for profit, just hope home-owners that want to invest in these areas will go the additional mile and get contents/possession coverage as well, always keep Louisiana strong, keep posting but most of all keep sharing

Post: New Member from Lafayette, Louisiana

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

@Andrew Ortego, don't know about the market in lafayette, but deals are always available no matter the region that you reside just have to creatively find ways to dive deeper into the pool of opportunities, you have an inside map with the help of the BP nation and if need any realtor like @Nick Hundley,in baton rouge area let me know, that is a great place to start in our opinion, good luck in all your endeavors, keep posting but most of all keep sharing

Post: New member in Louisiana with a property in Dallas Area

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

hello @Chris Clark, find out if you can open up a HELOC, or line of credit using the property as collateral, then take the funds hunt down a great 1-4 unit MFH, and brrrr strategy to duplicate over and over again, just an idea that may be of use, keep posting but most of all keep sharing

Post: Looking to connect with Multi-Family Investors

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

welcome to the BP nation, MFH residential or commercial is a great investment approach across the boards, may your pockets grow bigger and your wallets sprout fatter edward, great success on your endeavors, keep posting but most of all keep sharing

Post: New Member- Baton Rouge LA

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

welcome to the bp nation matthew, may your grow from a bigger pocket to a fatter wallet, take advantage of this great platform of likeminded individuals who share and spread their brand, oops i meant brains, keep posting but most of all keep sharing

Post: What should I do with my first two properties?

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

repost.........i'd probably flip both the 1st and second one to give you more capital..............****newbie mistake*****

Post: What should I do with my first two properties?

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

timing and timing is of the essence my friend, if your goal is to buy and hold long term then you have an excellent strategy and you have did a great job with the finances, but if i were to start off with the 1st property i'd probably flip the second one to give you more capital to acquire additional rentals that you could buy and hold, the strategy should be flip and fix to get to the buy and holds, but whatever approach you choose to use it looks like you are off to a roaring success, keep up the great work but most of all keep sharing

Post: New member from Baton Rouge

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

and oh yeah, wecome to the BP nation Paul, take advantage of this platform it can take you from bigger pockets to a "fatter wholesaling wallet!"

Post: New member from Baton Rouge

Michael AndersonPosted
  • Real Estate Professional
  • Baton Rouge, LA
  • Posts 109
  • Votes 30

thanks @Brandon Johnson, what time and where is the meetups/RING we would like to attend to broaden our wholesale brains & homework skills, keep posting but most of all keep sharing