All Forum Posts by: Braden Smith

You can set up LLC through the LA Secretary of State website. Cost is $75. You don't need the LLC to wholesale though.

Best thing for you to do is speak with a real estate attorney who is knowledgeable about investing and wholesaling in particular. Call David Birdsong at Gulf South Title. If you are a member of NOREIA he will give you a free consultation. http://www.gulfsouthtitlecorp.com/

If you are not a member of NOREIA, then you should be. See here - http://neworleansreia.com/

Hi @Cole Phillips 

Welcome to BP! Check out Donaldson Educational services. They have a exam prep course that could help. See here - http://www.donaldsoneducation.com/html/001REA_license_prep_review_20061201173703.php?subject=1

Welcome to BP @Charles Wheeler 

Always good to see another NOLA member on here! As I'm sure you know, we have lots of multi-family properties in New Orleans. The key is knowing which areas to buy in and which areas to avoid. I can certainly help you with that information. I'm a local Realtor and investor myself, so I know our market very well. Feel free to reach out if I can be of any help to you, even if just to answer some questions you might have.

PS - If you are planning to live in part of a multi-family dwelling and rent the other portion(s) out, then you can use the projected income/cash flow to help in qualifying for a loan. I've got a great lender that I work with that can go over the details with you if you like. Just let me know and I can shoot you his contact info.

Braden

Hi @Cambria Watson 

Welcome to BP and New Orleans! I'm a local Realtor that is investor friendly. If I can be of help to you, even if just to answer some questions about the local real estate market, please feel free to reach out anytime.

Braden

I'm a Realtor in NOLA and my broker is an REO broker so I am very familiar with the ins and outs of selling and/or buying a foreclosure. The REO brokers don't deal with the banks directly. They deal with the asset management company hired by the bank that has foreclosed on the property. They submit offers to the asset management company and they then decide whether or not to send it up the chain to the bank. If there are multiple offers on a property (which many times there are in our market), then the "cleanest" offer is going to take precedence. Banks don't like to deal with any concessions and/or stipulations and many times they flat out refuse to pay any closing costs just as they refuse to pay for any repairs. The banks and financial institutions that own these REOs are trying to recoup a loss and they will try to force a multiple offer situation in order to get the bids higher. The best offer on an REO is a clean offer... go with your highest and best offer right out of the gate with no buyer concessions and no seller paid closing costs with an all cash offer and a quick close.

Welcome to BP @John C. ! I'm located in NOLA. If you have any questions that I might be able to answer for you, feel free to reach out.

Welcome to BP @Roberto Treviño ! I am also in the GNO area. Have you attended any NOREIA meetings yet? Good place to meet like minded people... next meeting is this Thursday. http://neworleansreia.com/

Welcome to BP @Paul Langenwalter !

I'm a local investor friendly realtor here in NOLA. If you need any help or have any questions I might be able to answer feel free to give me a shout anytime.

@Damian Mandina contact David Birdsong at Gulf South Title. He is an investor friendly title and real estate attorney and the president of NOREIA here in NOLA. He will be able to give you proper guidance and he is very reasonable.

Hi @Damian Mandina 

Welcome to BP! Glad to see another NOLA local on here. I'd be happy to help you determine which areas of town to invest and help you find some properties. I'm an investor friendly realtor who works with several local investors helping them to buy and sell properties throughout the GNO area. Let me know if I can be of help, even if you just have a few questions.

Regards,

Braden