All Forum Posts by: John Lewis

coin operated or full service? I dont know of any on the northshore but there is a full service carwash for sale in Laplace, LA. The guy also had a few coin operated washes. Not sure if they're all for sale or not but I believe he's trying to get out of the business.

@Account Closed so you have the option to either spread the costs of the vehicle over 5 years or take it all in the first year?  Also, do you have to have an llc or s corp set up?  I reached out to my cpa but he didn't seem up to date on the new rules.

@JD Martin where did you find these floors?

First step would be getting pre-approved. In my experience many banks dont want to offer a 30 year loan on a property where the loan amount is under $60k.  This could affect your cashflow so see what kind of financing you can get. Also check comps in the area instead of going off that appraisal. My parents recently sold a house in north Louisiana and had a hard time selling it and an even harder time selling the land. This house may very well be in a better location though

That's awesome! I'm in the rehab phase of a BRRRR and it's good to see a success story like this!

If you get a potential buyer and that's a deal breaker for them just offer to take care of it at that point.  There's no guarantee that will make it sell and more than likely that's not the only issue the people who have looked at it had.  Be patient and hopefully the right buyer comes along.  Best of luck!

@Jerry Taylor Welcome to BP!  I'm right outside of New Orleans and I can tell you this website has helped me in so many ways.  I just closed on my 3rd rental and every time I have a question I've been able to find an answer on this site.  I've been to one NOREIA meeting and it was great.  I plan on going to some more.  Let me know if I can help in any way.

What's up Travis! I'm pretty new to it all but did just close on my third rental property so if you ever want to chat about REI let me know. Also, I've been to one of the Nola REIA meetings and really liked it so I'll probably be going to more pretty soon if you ever want to check it out.

Welcome to BP!  I'm in Louisiana and rent mostly to traveling workers like yourself.  Let me know if I can help you in any way.