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All Forum Posts by: Oscar Turner

Oscar Turner has started 7 posts and replied 17 times.

Post: How do I know if I'm investing in a A or D area?

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
How do determine the grade of a neighborhood? Example A,B,C,D? Is there a formula?

Post: Seller doesn't wanna give up deposit

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
I don't wanna involve the tenants because then they have no incentive to take care of the property. It just seems like the owner is squeezing every dollar from the property. I plan on house hacking so the loan is VA. If he is trying to heckle me out of deposits I can foresee him trying to get out of any improvement request by the VA also. It's a tuff spot.

Post: Seller doesn't wanna give up deposit

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
It's in Louisiana. I'm waiting on a response from the real Estate board. I was just wondering if anyone else experienced this. My offer was was calculated with the deposits in mind. I hate to start a deal off on the wrong foot.

Post: Seller doesn't wanna give up deposit

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
Hi guys, I am under contract as of today on a multi family property. My issue is the owner is telling me that a fully occupied building doesn't have any deposits left for me to collect at closing. I ask why and he stated that when the tenants were late on their rent he subtracted the late fees out of their deposit. He never evicted any of them. Is this legal? How can he be a passive landlord and keep the deposits? The tenants would make have zero incentive to take care of the properties.

Post: Any wholesalers in New Orleans?

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
Algiers, Harvey and maybe marrero

Post: Any wholesalers in New Orleans?

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
Hi, I'm in the process of looking for a single or MF rental. I would prefer to avoid paying retail so I'm interested in deals from local wholesalers. I'm looking to buy on the westbank. Thanks in advance.

Post: What are you guys paying for appraisals?

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
Kimberly Jones Joseph Althage #10781Joseph Licensed Home Inspector I-spy home inspections. It was very thorough.

Post: What are you guys paying for appraisals?

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0
$275 for a duplex last week. New Orleans

Post: Need help!!! Verify cash deposits

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0

Thanks for help. I didn't even thank about a business account. That would save me a lot of headaches in the future.

Post: Insurance .quote

Oscar TurnerPosted
  • new orleans, LA
  • Posts 17
  • Votes 0

That does not include flood. I am moving in one unit so it will be owner occupied.  I thought it was decent because my first quote was $3000.  I will try Americas insurance and see what I come up with. thanks for the input.