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All Forum Posts by: Richard Kelly

Richard Kelly has started 3 posts and replied 26 times.

Post: THE second to last R in the BRRRR STRATEGY

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Christopher Drane Great suggestion…I’ll look into doing this! Thank you!

Post: THE second to last R in the BRRRR STRATEGY

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

Hello All!

I have a question for anyone that has successfully completed a BRRRR deal.

I have a house I purchased with hard money and initially I was going to flip this property but I am now thinking about holding it. 2 banks I've used before for real estate deals told be they couldn't refinance on my personal name because the property is held in my LLC.

My question is are you guys that have completed a deal with hard money under your LLC refinancing under that same entity or are you getting a new loan under your name. I'd prefer the latter because terms are better.

Please let me know what you guys are experiencing.

Thanks a million!

Post: New Orleans Real Estate Meetup

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Taylor Stow

Just noticed the 23rd is Tuesday. Will it be Tuesday the 23rd or Thursday the 25th?

Post: New Orleans Real Estate Meetup

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Taylor Stow

Awesome!

Post: New Orleans Real Estate Meetup

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Taylor Stow

I’m just seeing this post but I am in!

Post: Solar panels or Nah?

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

I appreciate everyone who chimed in on this discussion...check out the before and after...

Post: Solar panels or Nah?

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Caleb Christopher the funny story is, one day I was coming back to the property to check on rehab and the panels were gone! The home was a foreclosure so I could only assume the panels were being paid for monthly and weren’t owned by the previous home owner 

Post: Solar panels or Nah?

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Meir Greenblatt thanks a million...I will watch this now.

Post: Solar panels or Nah?

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Michael Qui thank you south for the info I definitely have decided to keep them!!!

Post: Solar panels or Nah?

Richard KellyPosted
  • Rental Property Investor
  • Metairie, LA
  • Posts 30
  • Votes 5

@Steve K. you are the man I will do this tomorrow! Thanks so much!