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All Forum Posts by: Stephen Keighery

Stephen Keighery has started 26 posts and replied 603 times.

Post: Seeking investor friendly closing attorney/title company

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

I have used Gulf Coast Title in Metairie and TaxTitle.com in Mid-City. They are both investor friendly and very knowledgeable. Tax Title has the edge on customer service levels. 

Post: Moving Walls in a Double in New Orleans

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

How did this rehab go John? Do you have any before and afters or lessons learned?

Post: New Orleans Flood Insurance

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

I generally buy direct from the owner so I just ask them for this information when I am analyzing the deal and then speak to an insurance agent when I am doing Due Diligence. Keep in mind if the owner lives there and has a homestead exemption and you intend to rent it out your insurance will be different. 

Post: New to REI in New Orleans

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

Hey @Jeffery Williams, I am wondering if you are a master of ARV's yet and if so, how you developed the skill?

Post: Mailing Campaign software

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

I don't think Haines has all the information for New Orleans as Louisiana is a non-disclosure state. I invest in New Orleans and have used List Source for a variety of lists. You can also go straight to the assessors site if you have a list of addresses from driving for dollars.

Post: New wholesale attorney

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

Gulf South Title is very investor friendly and located in Metairie. I currently use TaxTitle.com in Mid City as find the service top notch. 

Post: Any BP members in New Orleans?

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

I invest and wholesale in New Orleans. NOREIA is a great place to network with other investors and there are smaller meetups on the Westbank and North shore that are good to attend.  

Post: Dirty Buying Secret That Works

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

If you really want to get the best deals and be in control of the process you should go direct to seller. It will take some marketing expense and effort to get in front of those people but it's worth it.

Post: $1.3 million in deals done in 2 years from out of state!

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

Impressive results @Elenis Camargo, make you post in another year so we can see your growth snowball.

Post: BRRRR method: Does it decrease cash flow?

Stephen Keighery
Posted
  • Rental Property Investor
  • New Orleans, LA
  • Posts 634
  • Votes 466

@Breelon Bryant yes it will decrease cash flow due to the interest you start paying. It does increase your cash though and the idea is to deploy that money to get cash flow of it. When you keep repeating this you will end up with a lot of properties that cash flow less than your first one but the aggregate will much bigger (plus you will be diversified, have more exposure to appreciation and move depreciation tax benefits)