All Forum Posts by: Robert Leonard

Welcome to BP @Jeremy Fontenot!

Sounds like you are off to a pretty good start on your own.  Hope to see you around the site and maybe around LC.  We are planning a meeting with investors for Monday the 28th.  Still waiting on some confirmations before we announce anything.  Look for the group on meetup.com and join if you want to get an invite.

Welcome to BP @Jason Fulkerson!

Glad you found the site and hope to see you around here and maybe around our market.

I highly recommend the podcasts as a great way to learn. Think of each one as a short course on different strategies or aspects of your REI Investments or business.

Welcome to BP! See you around here and around town!

Welcome to BP @Jarvis Claiborne!

REI is a great way to build wealth, just don't think of it as a way to get rich quick.

Keep reading, stay engaged here on BP.  Hope to see you around BP and around the area.  I own a few properties in Opelousas.

Welcome to BP @Jeremy Pousson!  That's a very interesting background to bring to the table.  I'm in Baton Rouge for the weekend dealing with a couple properties I own here.  I invest between here and Lake Charles too.  We'll have to meet some time to talk strategy.

If you haven't found it yet, there's a real good REI meetup that happens on the 2nd Tuesday of the month here in Baton Rouge. It's called "The RING" and you can find it on meetup.com. Hope to see you there, here on BP or around town!

Hello and welcome to BP @Stephen Nicholson!

I'm just getting back out of the woods where I spent some time with my son and his Boy Scout Troop for Winter Camp.  Great to see you here on BP and hopefully we'll meet around Lafayette.  If ever you run into any hurdles along the way, or just want to grab a coffee or lunch and talk strategy, feel free to reach out.  I'm glad to help when I can.

What zip code?

Hello and welcome to BP @Ed Moreno and Darla!

Keep reading here and listening to the podcasts. They are like short courses about all aspects and strategies in REI. Take notes and read the guests recommendations.

You don't need an HML to wholesale properties, except in situations that require a double close. (A "double close" is one of the basics you'll learn doing your homework.) I never say never, but practically NONE will loan 100% to a new investor or anyone else.

I use http://www.myrental.com/

The answers to those questions are very simple for an individual but can get real complicated with 3 partners.  Much of the answer is negotiable when you talk about profit splits versus contributions.

You need a good attorney to prepare a well thought out operating agreement that will cover all of those concerns.