All Forum Posts by: Lee Nugent

Good Evening 

I'm interesting in finding a local lender in Shreveport with favorable terms. Credit unions and low downpayment options preferred. For mortgages less than $50k. Thank you for your input.

Hello everyone,

I hope this message finds you well. My name is Dan, and I'm gearing up to venture into the world of real estate wholesaling here in Shreveport, LA. As a newcomer, I understand the importance of learning from those who've paved the way.

If you're an experienced wholesaler in the Shreveport area and are open to offering mentorship or sharing your insights, I would greatly appreciate the opportunity to connect with you. Whether it's for a casual coffee chat, a meet-and-greet, or a simple email exchange, your guidance would be invaluable to me as I embark on this journey.

Please feel free to drop a comment or send me a direct message if you're available to share your experiences and knowledge. I'm eager to learn and make meaningful connections in the local real estate community.

Caio 

My name is Tom and am not in Miami - I'm in Naples florida and own a couple of condo's and my own house is on a canal near vanderbilt beach.

I am fed up with HOA fees and am looking to purchase a lot and then build . I am trying to educate my self on the ins and outs of purchasing a lot and any pitfalls you can warn me of . In addition any negotiation tactics I can use to when getting the best price.

Grazie 

I purchased an apartment complex near Shreveport last year. The insurance company that I used quoted my about 40% higher for the property than they had the previous year. the quote was for $11,345. We purchase the property for $750,000. This year quote came back at $19,536. This really surprised me as we have been in the process of renovating the property. There are 12 quads. We have replaced 5 roofs in 2023. I assumed this would, if not lower the insurance at least keep it around the same price.

Does anyone know an insurance agent in the Shreveport area I could reach out to. I just need to know what I need to do to lower my insurance premium.

Hey there, 

I’m in a rut and looking for experienced advice for my next move. 

I purchased my first investment via house hacking Nov 2021 with a duplex in Naples, FL. 

Purchase price: 553k at 2.3% 

Mortgage balance: 523k.

Cash flow: $3250/mo after mortgage

Current value: 705k (via Zillow)

Then I purchased my second property which is a single fam with ADU in March 2023.

Purchase price: 535k at 6.7%

Mortgage balance: 506k

Cash flow: maybe a couple hundred after I move out. Right now the ADU is 2k/month and I live for free using profits from other duplex.

I put approximately 30k into rehabbing the main house on this one with a full kitchen and bathroom remodel. Significant improvements that I’m sure increase the value of the home. 

Problem: I am now strapped for cash and would also like to continue my real estate journey. Credit card is maxed from renovations with high interest rates. I work as an RN but am I single mother and the idea and pulling more hours makes me ill. I want to work smart, not hard. 

Should I pull a HELOC? Just work and Save? Refinance? What would you do with the funds if you did pull a HELOC? Fix and flip? BRRRR?

I have got the house hacking method down. But I have yet to use HELOC or refinance method as a stepping stone in my journey.

Any advice is appreciated!