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All Forum Posts by: Todd Romero

Todd Romero has started 4 posts and replied 28 times.

Post: Scarritt Point/Historic District and 64124

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

Are there any updates on this area. Seems to have some pretty cheap recently renovated properties. Any info is appreciated.

Post: real estate investors starting out !

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

Welcome to the site. Start listening to the podcast from the beginning tons of info, and advice...

Just finished episode 166 on the podcast. 

Post: How much cash did you start out with?

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

IMHO if you know what you are doing and you run the numbers correctly I think a loan is fine. I have purchased deals in the past for buy and hold but have not done any flips as of yet. I will hopefully purchase my first flip in 2018. Just know the numbers and you will be ok...

Post: Bogalusa Multi Buy and Hold

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

Thank you Courtney much appreciated:)))

Post: Bogalusa Multi Buy and Hold

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20
Originally posted by @Pablo Mendez:

Bogalusa is a dying town. Lost half the population over the past 40 years. Main employer paper mill has cut back jobs and very likely to close down in the future. 

People there are quite poor, median household income of about $19,000. Schools have bad marks. 

Could consider purchasing in Covington, La. It's 20 minutes south. It's growing with some new businesses and corporate offices and many people commute to New Orleans. Close enough for your family to check on properties. 

Awesome info Pablo, this is exactly the info I need as I know nothing about Bogalusa. Right now I’m just kicking around ideas as I have family in the area. Again thank you for the very informative reply...

Post: Best book for negotiations

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

Trump Style Negotiation

By: George H Ross

Post: Bogalusa Multi Buy and Hold

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

Great info from both of you thank you...

Couldn’t this potentially add massive liability if someone was hurt on the property? I would have a serious chat with the tenant...

Post: Bogalusa Multi Buy and Hold

Todd RomeroPosted
  • Creswell, OR
  • Posts 30
  • Votes 20

I have a lot of due diligence to do as an investment in Louisiana would be an out of state investment for me. However I do have family in the Bogalusa area. I’m curious to know how the buy and hold market is in this area, and if cash flowing deals are being found. What is the average rent per square foot etc. Thank you