All Forum Posts by: Patrick Rowe

@Larry H.  OK thanks, do you still invest in Louisiana?

@Bryan Drury Ok Thanks, Tony's is one of several good eating spots here in Baton Rouge. The next time your here try out Parrains Seafood.

@Alexander Felice-Yes, I agree these are some pretty good terms and it will cash flow well.

@Robert Leonard-Hey Robert you are correct, the property appraisal for $91,500 and the bank will loan me $73,500. Also the purchase price is $48,900 and it will cost me around $18000 to renovate which will put me at $66,900. That will put me well below ARV.

@Eben Cook- On my first rental, I'm cash flowing pretty good and here in Louisiana our property taxes is not as high as Texas.

@Alexander Felice- Yes, I just realized the other rates were residential. I will check with some other local lenders, but I think this is really competitive on a 30 year business loan.

@Alexander Felice- Yes, It's a business loan in my LLC NAME.

Yes, but I rather not use the one I have on my personal residence.

@Dawn Curry- Ok, I will shop around to see If I can get some better rates. This is my second rental that he has finance and it's hard passing up no money down.

@Dawn Curry- Ok thanks, Is the lender requiring a down payment?