All Forum Posts by: Robert Leonard

Welcome to BP @Jessie Watson!  You should connect with @Michael Faulk 

Well, I usually never say NEVER, but I’m pretty sure that’s NEVER gonna happen.  For a definitive answer, I’ll defer to @Chance Delome

I would not deviate from the basic rule of 3 times the rent to be eligible to apply.  It keeps the tenants in a rent range that they should be able to afford based on their income.  If you use their credit history they way Roy describes, it will tell you about their financial habits/responsibility.

Nice work @Tim Nicholas! I'll just add, HELOC is a term that gets used loosely when people are actually talking about a commercial LOC.

Technically a HELOC is only on a primary residence or second home as mentioned already. It wouldn't surprise me if you even come across a bank loan officer who uses the term interchangeably.

@Jordan Lin you really need legal advice on how to proceed with this.  I do business in both East Baton Rouge and St Landry Parishes. Call or text me if you want a legal referral in either area?

Welcome to BP @Mike Hay!  If you want to connect with other investors in the BR market, there’s a meetup tomorrow night in Baton Rouge at the Hyatt on Bluebonnet just off I-10.  Starts at 6:30PM.  Join for free at meetup.com/thering to get a notice when meetings happen.

 I’ve done some  investing in Baker and Zachary.  I’d like to hear what type of property you are looking to make your next rental?

"Don't tax you, don't tax me - TAX that fellow behind the tree."

What happened to our tax deductions?

How does that new pass through entity rule work?

Did the awesome tax break on capital gains on a personal residence go away?

Tax reform is a done deal and it is now the law of the land! Join us to get smart on what changed and what stayed the same in the tax code!

DAMIAN SPIESS, CPA, CFP, was awesome last time he visited our group and I'm looking forward to hearing from him about how the new tax laws will impact our investments!

As always, bring your deals if you have them. Cash buyers will be present! Besides that bring a notepad and bring a friend.

Go to meetup.com/bpacadiana to RSVP or to get more information.

Welcome to BP @Cody Strickland Come to our meetup on Monday 1/29/2018 and you can meet one who will be our guest speaker.  The details are at meetup.com/bpacadiana

Hello Katie, you came to the right place.  I’ve made lots of priceless connections through BP.  I happen to invest a little in the Alexandria market and a good bit more in other areas.  I really like the people in Alex and the only reason I don’t do more there is because I live 90 miles away and I’ve been doing a good bit of business in the Baton Rouge market.

Here I am!  LOL!  My Soldiers would laugh at that too.

Hello Ashley, where are you in Louisiana and what are you trying to do?  Your credit score is the only thing anyone who lends money has to go by to make a risk decision about investing with you, unless you present some other form of track record.  All investments are risk decisions.