All Forum Posts by: Stephen Leonard

@Mark Gunnell. I've been using my CPA for years. Running  a real estate company and a number of partnership for our rentals.  He knows  what he's  doing.  Message me and i can get you  his details.  He's  also in Terrytown/Gretna area so close to you. 

Stephen 

@Fred Allen one of the survey companies I've  used is Dufrene Surveyor. they are usually  about  $350 for an elevation cert.

Where in Gretna did you purchase and are you flipping  or going  to rent? I currently own about 40 units in Gretna as rentals 

Stephen 

depending on whats actually is wrong or broken. Repairing 2 might  be the better option. 

If frames are bad replacement is the better option. 

If rear  of house only replacing the 2 might  be sufficient. 

Have to look at the project as a whole in my book.

But realize  WW cost is only the window installed on a perfect  opening.  They charge  based on removal and disposal. Total cost ends up closer to 275-300 but still good  windows. 

Stephen 

La Secretary of State website  GeauxBiz. Do it online for 105.00

No need for an attorney. 

You will need to go to the irs.gov for an EIN number, to.complete the LLC papers.

Good luck! Welcome to BP.

Stephen 

Well  said Robert.

@Tim unity, start corp or evwn housing authority programs are not  always the best route. But i have been very happy with  my Unity and Start  corp tenants. 

Good luck to you 

Stephen 

@ Chris Unity programs aren't  that bad. I have a number of them currently in my portfolio and also manage for a number of clients property with Unity tenants.   The big issue is more the utilities.  Most cases require  the landlord to pay all utilities  which as you likely know we can't control how much a tenant  uses.  Send me that address  as rented  properties I'm more interested in. But look at all possible deals.

Thanks

Stephen 

there is nothing  wrong with wholesaling in Louisiana and you  are not required tonhabe a license.  Ashia King is the principal in the purchase and sale. She didn't  broker a deal she purchased  and sold a property.   

The title company working  with you  should have helped  you  protect  yourself.   You  may have to file suit but find a good attorney that does real estate  law 

Good luck 

Stephen

@Brendan Moore I always use Schwander Hutchinson Roofing call Don Schwander

PM me and I can give you his number as it can't be posted here

Good luck and let me know if I can be of any further help

Stephen 

Hi @Greg Jeanfreau First off, if the bank is the seller, they can as most repo property banks will dictate the closing.  But it sounds like your client is just using a bank to finance the purchase and they are controlling the title company.  Many lenders will ask if the purchaser has a choice of title.  But in most scenarios, the title company has to be on the banks approved list.  

In my purchases I have dealt with 1 bank due to great terms. But my title company which is owned by a friend is not on the approved list and the bank is not willing at this time to add them to the approve list. So I close with one of the companies on the list to get the great terms. 

Now I'm not an attorney, but as an r/e agent to avoid RESPA the title company that you are being directed to has to be competitive in pricing and disclose any interest between the bank/title company.  So I would not see a violation, just a controlling banker/lender that should have had a conversation with your client about the process. 

Let me know if I can be of assistance. 

My 2 cents.

Stephen