All Forum Posts by: David Marsceau

Shaun R. I appreciate it! I will reach out to you if I have trouble finding a lender local to Lake Charles.

Awesome , thanks everyone ! Shaun R. I'll be working and living in Lake Charles.

I am finally going to buy my first property in a few months but I am not sure where I need to have my bank at. I will be working in Louisiana for the next year and I want to do the Live-in BRRRR strategy while I'm there. So my question is should I start looking at banks in the area of my property or get financing from a bank in the area I plan on living in after my job travels are done ? Here's a little back story ... I will be working in Louisiana and then Pennsylvania for a few years before returning to Oregon ultimately, where I plan on living and investing in mainly. I plan on investing in both Louisiana and Pennsylvania while I'm there, so do I just find a different bank in each area I move to or can I just use one bank in Oregon for all the properties ?

I have a question to add to this.... I want to do this strategy but I only have 10k for a down payment. I was thinking I could buy a property that needs renovations with a 203k loan. Let's say the the numbers are as follows : Purchase price 80k , 20k repair costs , total loan 100k . ARV 120k. Refinance at 80/20 LTV and pull out 24k. Is this right ?? And is it possible to get a refinance right after I finish the renovations ? Thanks everyone . I hope I provided enough info

Have you noticed any change in the market down there because of the hurricane ?

Arthur Cook did lake Charles get hit pretty good by hurricane Harvey ?

Jesse Rivera I'm sorry I've taken a job that has me traveling for a while. I would love to connect when I get back and help you with your business ! Joel Moore would love to meet up when I'm back in town !

Arthur Cook sounds good man , I will get back with you in a few months. I look forward to meeting you.

Thanks for responding , I think I should clarify. I am not the one with the land looking to convert it to the RV Park. This is an ad I saw on Craigslist and I want to contact the investor but I'm not sure which questions to ask for due diligence. But still great advice I appreciate it ! Arthur Cook I would love to chat , I am not out there yet but I'll be working at the new LNG plant down there come Oct/Nov and I am looking to do some investing while I'm there. So I've just been getting a head start on checking out the market.

Hi everyone , newbie here looking for some advice on what to ask while inquiring about this ad I've posted below. Obviously it's not as simple as this ad would have you believe. What are the other considerations when owning a few spots in an RV park ? I have 3 acres of land 15 minutes from lake charles that I'm converting into an rv park because of the shortage of parks for the refineries. I need 100k to complete the project. I am willing to sign rental for 2 lots that will rent for $500 a month each for a total of $1000 a month. Your investment will be 10k to own the rights to 2 lots. I'm doing this with a total of 20 lots to raise capital. The minimum investment is 10k and the maximum is 100k. This will be a great return on investment and I will not look for any other investors once the goal is met. Thanks for reading Thanks everyone !