All Forum Posts by: Shaun R.

That may be what ends up happening. We are looking for a house to flip now, but I plan on using any profits to buy rentals. I may buy him out one day. 

The Millionaire Real Estate Investor by Gary Keller. I'd actually recommend the whole series. I just finish Flip, I've read Hold, and even The Millionaire Real Estate Agent.

I formed my LLC in about a day for a little over a hundred bucks online in Louisiana. It was so easy I couldn't imagine not doing it.

I googled and found this site. I don't know anything about the company but there is some info on the page. 

http://www.escroserv.com/bond-for-deed.html

This is fresh on my mind only because I'm in the process of getting my real estate license in Louisiana.  I don't have any experience, but I did read that in LA you can do a contract for deed.  You will retain title until the loan is paid off.  

I'm in the process of getting my real estate license in Louisiana.  I just read this paragraph and want to know if I'm understanding it correctly:

Eviction

For failure to pay rent, the lessee can be expelled. If he has not waived notice, in writing, and the lease does not provide otherwise, the lessor must give five (5) days' notice to vacate. Upon filing eviction suit, the court will order the lessee to vacate, if the lessee is in default. Within three (3) days, if he does not vacate, the court may order that he be expelled and the property cleared. Special laws apply to these proceedings. Action by the lessor to evict, without following these laws and without court order, may result in liability of the lessor to the lessee, regardless of the default of the lessee.

When I read upon filing eviction suit, the court will order the lessee to vacate, it sounds to me like when they're late on rent they have to move out as soon as you file for the eviction.  Sounds good too good to be true, so am I misunderstanding?

Hey Joshua, I'm pretty new to REI myself in Livingston Parish just outside of Baton Rouge. I certainly can't tell you anything about properties in New Orleans, but I can tell you I'm in the process of getting my real estate license for my own investing purposes. I have not liked having to depend on my Realtor for showings and getting info from listing agents. I want to be able to write my own offers and view foreclosed properties at my own convenience. I talked to the broker that I'm hoping to work with and he told me by the time I am all done that I'll probably be into it for $1,200. That will be more than paid back after buying my next house. Good luck in your property search.

I talked to a portfolio lender today that seems to have good terms, but said that they prefer to make the loan to an LLC. The only reason my partner and I haven't formed the LLC is because we can't think of a business name. I'm stuck... I can't think of anything.

I plan on selling my personal residence pretty soon. I have an 18' round above ground pool in the backyard. My first thought was to take the pool down and sod the whole backyard, but now I'm wondering if I should leave it up. It's so hot right now that I wonder if I would be better off leaving it. What has your experience been with above ground pools? Do they help or hurt when selling?

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