All Forum Posts by: Robert Leonard

Well @André Palmer we can guess all day long at what's going on.  If it were in my neck of the woods, I would say, "here's an owner who's waiting to hear from me."  I would try to find out if the properties are on any code violation lists before contacting the property owner.  That's an additional motivating factor.  If the person doesn't need the money to rent the properties, they probably don't need the expense of keeping the grass cut and paying the insurance and taxes either.

There are endless possibilities of what could be going on.  Contact the owner(s) and find out.  Hope it works for you.

Thanks for the mention @Michael Faulk I sent Joe a recommendation a little while ago.

Welcome to BP @Frank Klein!

Looks like you are well on your way to building a nice portfolio.  I'll see you at The RING meeting in a couple of weeks!  Until then, see you around BP.  Give me a shout anytime I might be able to help.

Well @Adam McCarty there's an old expression we used to use in the Army, "the situation dictates." In short, the situation of your market will determine what's your best course of action.  Are multi-family properties abundant in your market or scarce like in a lot of smaller markets?  Are the properties available under value better for holding onto or flipping?  That is determined by your market activity and rent rates. 

For example, if you can easily find properties with ARVs of 100-120k that have average DOM of 90 days or less and those same properties will rent for 900-1100/month, that would suggest flipping them.  If houses with those same ARVs have over 90 DOM to sell and rents exceed 1000-1200/month, that suggests a stronger rental market.  These are general numbers for illustrative purposes.  You have to analyze your market and make the call on which you think strategy is the best fit.

No matter what your market conditions, buy and hold is where the wealth is built. It's a matter of whether you want to hold 2-3 and flip one or flip 2-3 and hold one (SFR or MFR) or whatever the right mix is, as your market allows - you have to make the call.

Welcome to BP @Jason Limbers!

I recommend you join "The RING" if you haven't already. It's a real estate investing meetup group, not a formal REIA. It's well organized and there are lots of active investors there every month.

See you around BP and hopefully around Baton Rouge!

Welcome to BP @Harper Phan!

I recommend you listen to all of the podcasts to start by learning and "getting smart" on the business.  You will learn from experienced investors about how they started with different levels of help/funds available.  Read their recommended books from the end of each podcast.  There are lots of ways to borrow money for investing that are specific to your personal finances and strategy.  Forget about grants, they practically do not exist for investing.

Once you have some basic knowledge of how it all works and start getting to know people who are doing what you understand and decide for yourself that you want to do, then you are ready to start.  Until you understand the myriad of different strategies, you are just taking a shot in the dark or following someone else without accepting personal responsibility for your own investment decisions.

Hello @Francisco Zuniga and welcome to BP.

Several investors will meet tonight in Lafayette if you care to join us, call or text me.

There will be Acadiana area wholesalers and buyers present at the meetup.com/bpacadiana meetup Monday night 7/20/2015 at the Southside library.  Go to the meetup site or contact me directly for the details.  Hope to see you there!

Hello and welcome to BP @Jillian Messinger!

I'm interested in hearing about what brings you to the Baton Rouge market.  I invest there and I know lots of other investors there too.  What are you looking to do there?

I'm also interested in buying opportunities in the Tampa-Oldsmar area near Tampa Bay Downs.  My brother is a thoroughbred trainer and he "migrates" between there and the Midwest for racing seasons.

I look forward to hearing about your goals and how we might be able to help each other!

Welcome to BP @Kevin Pittman!

I'm glad you found this site. It is great for networking and making connections that can and do help you reach you REI goals. Ask me how I know. ;-)

Reach out anytime I might be able to help you anywhere between Baton Rouge and Lake Charles!