All Forum Posts by: Tevin Lavergne

I’m currently looking at a 2002 Trailer. Its 3br and 2bath. It’s owner financing. They have it valued at $25,000. They have done some repairs on it (new roof, new wooden floors, patched walls, etc...) So with me doing owner financing I will have to pay 288 a month to them.

Price: $25,000

Down payment: $1000

Mortgage : $288/monthly

Lot rent(sewer, trash, water): $390/monthly

Insurance: $50/monthly

Total due:$728/monthly

Cash flow: $422/monthly

Rent in my area goes for $1150 for a three bedroom. So what I am asking is it worth it? Do I need to get it appraised? Do I need to look for other insurance? Is it even legal for me to rent it out? I mean it’s technically mine.

I would like some insight or advice on this situation. I am newly investor and I have been studying and reading for the past year. The deal looked enticing at a first glance. Anything would help. Thanks.

Looking for active investors in the Southwest Louisiana region. What are you investing in? How are you making a profit? What works in this region? Multi family? Wholesaling? Buy and hold? Looking to invest in the market and need guidance. Thanks.

@Jerry Padilla thanks man. I appreciate your insight. To answer your question i would like to house hack/owner occupied one room while the tenants pay for my mortgage.

I am looking for a realtor and lender in the Lake Charles, LA area. I am 27 years old, currently saving for a multi-family, and fairly new to RE. I would like recommendations and basically network with them early before I take that next step. If you have any one person or a few please reply to the message. Thanks.

I am recently new to RE investing. I’m in year one currently saving for a single family home for me, my wife, and kids. We are currently renting an apartment right now and I would like to get us a house to live in. I am wondering how can I build wealth through single family homes? What would be the best strategy for that instead of house hacking? Thanks